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Crypto Winter Starts, Mediation Sought For Sex Abuse Claims – Law360

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By Vince Sullivan (July 7, 2022, 6:23 PM EDT) — The global collapse of cryptocurrency prices tipped two firms into bankruptcy, a New York youth club is seeking a quick mediation of sex abuse claims, and a pilot strike caused a Scandinavian airline to file for Chapter 11 earlier than expected. This is the week in bankruptcy.

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Cryptocurrency brokerage Voyager Digital filed for Chapter 11 protection in New York in the midst of a global downturn in the crypto space. Its bankruptcy was spurred by a default on a $650 million loan that Voyager provided to crypto investment firm Three Arrows Capital.

Three Arrows itself was subject to a…

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Read More:Crypto Winter Starts, Mediation Sought For Sex Abuse Claims – Law360

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