marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
bankruptcy
01/20/2023
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By Ramon Tomey
Report: Conservatives boycotted Bed Bath & Beyond after it cancelled MyPillow and Mike Lindell
A recent report revealed that conservatives have staged a boycott of home goods retailer Bed Bath & Beyond (BBB) after it cancelled MyPillow and its CEO Mike Lindell. According to a Jan. 18 post by the Gateway Pundit, BBB initially dropped MyPillow products from its stores in January 2021. The retailer’s move became a cause […]
01/11/2023
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By Kevin Hughes
Crypto lender Genesis Trading cuts workforce by 30% as FTX fallout spreads
Genesis Trading has reduced its workforce by 30 percent as it confronts increasing pressure from creditors and the impending threat of bankruptcy, a person with knowledge of the issue reported. The crypto lending arm of Barry Silbert’s Digital Currency Group (DCG) had already dismissed 20 percent of its labor force aside from replacing its CEO last year. […]
01/06/2023
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By JD Heyes
Crackdowns continue on crypto companies following arrest of Sam Bankman-Fried and FTX disaster
What many see as a long-awaited crackdown on cryptocurrency companies and exchanges finally appears to be in full swing after the arrest of former FTX CEO Sam Bankman-Fried and the mega-billion-dollar collapse of his company, allegedly thanks to massive fraud and theft of investor funds. On Thursday, New York Attorney General Letitia James became the latest […]
01/06/2023
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By Belle Carter
GET WOKE GO BROKE: Home-goods giant Bed Bath & Beyond considers filing for bankruptcy
Home-goods giant Bed Bath & Beyond announced Thursday, Jan. 5, it may need to file for bankruptcy. The domestic merchandise company released a statement saying it has “substantial doubt” about its ability to continue. “For the third quarter of fiscal 2022, the Company expects to report net sales of approximately $1.259 billion compared to $1.878 billion in the year-ago period, reflecting […]
12/21/2022
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By Arsenio Toledo
Bankrupt meat importer owes millions to at least 99 creditors in transportation and logistics
South American Beef, Inc., a frozen meats importer based out of West Des Moines, Iowa, has filed a petition with the Southern District Court of Iowa to receive Chapter 11 bankruptcy protections. The company was founded in 1999 and sold products under vendor brands as well as its own Prairie Natural brand. Its specialty is […]
11/29/2022
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By Ethan Huff
FTX contagion spreads as BlockFi crypto firm files for Chapter 11 bankruptcy
First it was Celsius. Then it was Voyager, FTX, and Alameda. Now BlockFi is filing for bankruptcy as cryptocurrency scams continue to unravel one after another. Reports indicate that BlockFi filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey almost immediately following the implosion of FTX. […]
11/23/2022
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By Arsenio Toledo
FTX collapse fallout: Crypto brokerage firm Genesis warns of possible bankruptcy
Genesis, a digital asset brokerage firm, is reeling from the fallout of FTX’s collapse as it struggles to stave off bankruptcy. The company has warned potential investors that it may need to file for bankruptcy if its efforts to obtain fresh cash for its lending unit fail. “We have no plans to file bankruptcy imminently,” said […]
11/21/2022
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By Cassie B.
Crypto lender BlockFi pauses customer withdrawals as it considers bankruptcy and layoffs following FTX implosion
Crypto lender BlockFi has put customer withdrawals on hold as it explores its options for reducing its “significant exposure” in the fallout of cryptocurrency exchange FTX’s bankruptcy. This summer, BlockFi obtained a $250 million loan from FTX to help them stay afloat as crypto financial institutions such as Three Arrows Capital struggled during the market […]
11/18/2022
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By News Editors
FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund
Disgraced cryptocurrency exchange FTX founder and Democrat super donor Sam Bankman-Fried lent $1 billion to himself through his hedge fund Alameda Research, which likely sourced the money from FTX customer funds. (Article by Alana Mastrangelo republished from Breitbart.com) On Thursday, it was revealed by FTX’s new CEO John Ray, III that the collapsed company’s bankruptcy filing shows it […]
11/17/2022
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By Kevin Hughes
FTX founder Sam Bankman-Fried puts up Bahamas penthouse for sale at $40M
Sam Bankman-Fried, the founder of beleaguered cryptocurrency exchange company FTX, has put up his penthouse in the Bahamas for sale with a $40 million price tag. According to a report by Semafor, the 12,000 square-foot residence located in the Albany luxury resort community was recently listed for sale. While the realtor in charge refused to […]
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