Bankruptcy & Restructuring News Headlines for Friday Oct 13, 2023

Here's what we are reading this morning:

Coinbase (COIN) Trading Volume is Likely Lowest Since Before Public Debut - Bloomberg: In yet another example of how swiftly investor interest in crypto has dried up, Coinbase Global Inc.’s spot trading volume likely plummeted by more than half during the recently completed third quarter.

CPI Report Live Updates: Inflation Holds Steady at 3.7% in September - The New York Times: Consumer prices rose 3.7 percent in the year through September. There were some optimistic details in the report, but the path to fully wrangling inflation remains long and bumpy.

Crypto Is Still the Wild West Almost a Year After FTX Collapse - WSJ: Regulations aren’t happening as digital currencies have endangered individual investors—not the whole financial system.

CFTC Charges Former Chief Executive Officer of Digital Asset Platform with Fraud in Massive Commodity Pool Scheme | CFTC: The Commodity Futures Trading Commission announced it filed a complaint in the U.S. District Court for the Southern District of New York against Tennessee resident Stephen Ehrlich, the former chief executive officer of now-bankrupt entities Voyager Digital Ltd., Voyager Digital Holdings, Inc., and Voyager Digital, LLC

FTC Reaches Settlement with Crypto Company Voyager Digital; Charges Former Executive with Falsely Claiming Consumers’ Deposits Were Insured by FDIC | Federal Trade Commission: Complaint charges Voyager and CEO Stephen Ehrlich misled consumers who lost more than $1 billion in cryptocurrency after company’s collapse

Flexport Layoffs: CEO Announces 20% Workforce Reduction: Flexport announces workforce reduction by 20% to start on Friday.

8-K - IronNet, Inc.: On October 12, 2023, IronNet, Inc. and its subsidiary, IronNet Cybersecurity, Inc., filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

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