The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market.
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Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues
With the BTC price plunging more than 76% peak-to-trough, miners are struggling to keep their operations running.
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FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report
After evaluating several law firms, FTX’s unsecured creditors’ committee has chosen a legal adviser.
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Third parties could return FTX funds directly to customers: Law firm
According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy
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Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone
Miners are in deep trouble due to increased hash rate and energy costs, but pro traders slightly added to their longs despite the recent BTC
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Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern
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