Tag: bankruptcy protection

InsurTech, Invest tech

Paytech titan Diebold Nixdorf set to file for Chapter 11 bankruptcy protection

June 1, 2023

Via: FinTech Futures

The Hudson, Ohio-based firm says the restructuring support agreement is expected to “significantly” reduce debt and provide “substantial additional liquidity” to support the firm’s operations. Diebold Nixdorf chair, president and CEO Octavio Marquez says: “With the support of our creditors, […]

Blockchain, Crypto

FTX collapse could mean ‘cascade’ of failures in crypto sector

November 14, 2022

Via: Fintech News

FTX, once the third largest crypto exchange by trading volume, collapsed over the past week as its native token, FTT, lost over 80 percent of its value. The firm has now filed for Chapter 11 bankruptcy protection, and its collapse […]