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In June 2022, Voyager Digital announced that Three Arrows Capital had not repaid loans totaling $666 Million. [1]On July 1, the company suspended “trading, deposits, withdrawals and loyalty rewards” [2] and subsequently on July 5, the company filed for Chapter 11 bankruptcy protection.
Bankruptcies played a significant role in economic news in 2024 with retailers, restaurants and an airline all looking for bankruptcy protection to keep from having to shut down entirely
On 27 June 2022, Voyager Digital issued a notice of default against Three Arrows for failing to make the required payments on a Bitcoin and USD Coin loan worth more than $665 million. [32] On the same day, a court in the British Virgin Islands ordered the liquidation of Three Arrows Capital, overseen by Teneo .
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Digital Insight: Its shares soared 114% on its first day of trading. Divine: Founded by Andrew Filipowski, it was modeled after CMGI. It went public as the bubble burst and filed for bankruptcy after executives were accused of looting a subsidiary. DoubleClick: An online advertising company that soared after its IPO, it was acquired by Google ...
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In its bankruptcy filing in November 2022, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for its collapse. Crypto lender BlockFi begins post-bankruptcy wind-down ...
The court said its analysis and arguments "focused mainly on how the laws applied to the content-moderation practices that giant social-media platforms use on their best-known services to filter ...