News with the tag "restructuring"

A significant portion of FTX repayments will likely be reinvested into cryptocurrencies, thanks to the promising growth prospect of the crypto market for 2025, industry insiders told Cointelegraph.

WazirX has implemented a Singapore-backed restructuring plan to recover from its July 2024 $235 million cyberattack.

Sky Mavis co-founder and CEO Trung Nguyen said resources freed up from the layoffs will be used in a new Axie Infinity game and other projects.

Kraken hinted that its managerial structure would be reformed, without explaining the details.

Consensys CEO Joe Lubin confirmed that the firm’s restructuring plan will impact 162 permanent employees.

JPMorgan Chase CEO Jamie Dimon sounded the alarm on mounting global instability, warning it could spark far-reaching economic disruptions. The executive stressed the toll of geopolitical tensions and the looming risks of fiscal deficits and remilitarization. With uncertainty escalating, Dimon urged ...

FTX is moving closer to resolution as a majority of FTX creditors have voted to approve the company’s reorganization plan. The post FTX Creditors Signal Massive Support in Favor of Reorganization appeared first on TheCoinrise.com .

OpenAI’s potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process.

Indian crypto exchange Wazirx has announced that a moratorium has been filed in Singapore’s High Court under the Insolvency, Restructuring and Dissolution Act to address users’ crypto balances. The move aims to provide a 30-day relief period for Wazirx to reorganize liabilities through a scheme of a...

This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests.