Bankruptcy & Restructuring News Headlines for Thursday Aug 3, 2023

Here's what we are reading this morning:

Genesis Says Crypto Bankruptcy Mediation to End Soon Regardless of Deal Status - Bloomberg: Bankrupt crypto lender Genesis Global Holdco LLC has extended its mediation with creditors for the last time, a company lawyer said during a hearing Wednesday.

How ESPN Went From Disney’s Financial Engine to Its Problem - The New York Times: The sports juggernaut continues to earn billions of dollars for Disney, but profits are down and opportunities for growth have dwindled.

Wish plans to lay off 255 employees by the end of the fiscal year | Retail Dive: The struggling online marketplace said in a filing that the move affects 41% of its U.S. workforce and 26% of its international workforce.

U.S. prosecutors worry Binance charges could cause run on exchange | Semafor: U.S. Department of Justice officials are considering fraud charges against crypto exchange Binance, but are concerned about the cost to consumers, according to people familiar with the matter.

Certain moves in an uncertain world: Insights from the AlixPartners 18th Annual Turnaround and Transformation Survey

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