Bankruptcy & Restructuring News Headlines for Friday Sep 15, 2023

Here's what we are reading this morning:

Surprisingly Few U.S. Customers Want Their Bittrex Money Back: The U.S. Secret Service kept millions on the exchange, company lawyers told a bankruptcy court – but other creditors have been strangely reluctant to ask for their funds back

Former Celsius Executive Pleads Guilty to Criminal Charges: The former chief revenue officer of bankrupt crypto lender Celsius Network, has pleaded guilty to fraud and market manipulation charges tied to Celsius’s proprietary CEL token. Roni Cohen-Pavon pleaded guilty to four criminal counts in a Manhattan federal court on Wednesday.

Fake Trades Are Common on Decentralized Crypto Exchanges, Report Says: Backers of the growing breed of "decentralized" crypto exchanges say they're more trustworthy and transparent than markets such as FTX and Binance. A new report suggests they suffer from some of the same problems.

Boating Supplier West Marine Reaches Deal To Restructure Out of Court: West Marine, a retail chain that offers boating and fishing supplies, has reached a deal to restructure its roughly $800 million of debt out of court, according to people familiar with the matter. 

UAW to launch strike against GM, Ford, Stellantis, barring last-minute deal: UAW President Shawn Fain said the union will begin a strike at three factories — rather than all U.S. operations of the companies — unless they reach a last-minute agreement

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