Security
Evolve Bank & Trust confirmed it was the victim of a cyber attack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk management ...
Jun 27, 2024
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11
Automotive
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology.
Jun 18, 2024
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1
Business
A Montenegro appeals court on Friday reversed an order to extradite cryptocurrency entrepreneur Do Kwon to South Korea—where he is wanted over the multi-billion-dollar collapse of the Terraform Labs company.
May 24, 2024
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5
Internet
US far-right conspiracy website Gateway Pundit is filing for bankruptcy, its founder said Wednesday, as it battles a string of lawsuits alleging it promoted misinformation related to the 2020 election.
Apr 25, 2024
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37
Business
Sam Bankman-Fried went from cryptocurrency golden boy to the face of the industry's collapse. The founder and former CEO of the massive cryptocurrency exchange FTX was sentenced to 25 years in prison Thursday after being ...
Mar 28, 2024
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1
Business
Ousted WeWork co-founder Adam Neumann recently bid more than $500 million to buy back the struggling office-sharing group, according to media reports Monday.
Mar 26, 2024
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1
Business
South Korean entrepreneur Do Kwon's Terraform Labs, whose cryptocurrencies crashed dramatically in 2022, is seeking bankruptcy protection in the United States, according to court documents filed Sunday.
Jan 22, 2024
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11
Business
Bally Sports and parent company Diamond Sports Group have announced a restructuring of their debt that would allow the organization to emerge from bankruptcy and could make it easier for fans of the Texas Rangers, Dallas ...
Jan 18, 2024
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38
Business
US electric scooter rental company Bird announced Wednesday that it filed for bankruptcy protection as the once-hot startup reorganizes itself.
Dec 20, 2023
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1
Business
Shares in troubled Chinese property giant Evergrande plummeted about 80 percent in Hong Kong on Monday after the lifting of a 17-month trading suspension.
Aug 28, 2023
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1
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
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