Virgin Orbit has filed for Chapter 11 bankruptcy after it failed to secure more funding. The announcement comes just days after the firm laid off 85% of its workforce or 675 employees.
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The crypto firm Genesis has filed for Chapter 11 bankruptcy in New York, the company said. Three Genesis subsidiaries are involved but some others are not. It plans to get through the process quickly.
BlockFi has filed for Chapter 11 bankruptcy just weeks after halting withdrawals. Customers with assets on the platform should be able to file claims during the process to retrieve some assets.
FTX has filed for Chapter 11 bankruptcy and Sam Bankman-Fried has stepped down as CEO. The firm will now try to monetize its assets to pay back stakeholders, including those who lost their assets.
