Bankruptcy & Restructuring News Headlines for Thursday Jul 6, 2023

Here's what we are reading this morning:

Celsius moves $70 million of altcoins following ruling it can swap to bitcoin and ether | The Block: Celsius Network liquidators received approval to sell altcoins for bitcoin and ether at the end of last month. Now the tokens are on the move.

MediaMath’s bankruptcy exposes ad tech’s cash flow and credit management challenges - Digiday: MediaMath’s downfall confirms what was already known about the sorry state of ad tech, and if anything, it just made it more obvious.

Monster Beverage to Acquire Bang Energy Out of Bankruptcy for $362 Million - WSJ: Bang filed for chapter 11 last year after paying Monster a large settlement.

Hedge Fund King Street Raising Funds for ‘Slow-Motion Car Crash’ in Credit - Bloomberg: Firm sees lending opportunities as credit stress mounts; NY-based hedge fund has been ramping up rescue financing

CFTC Investigators Conclude Celsius, Ex-CEO Broke Agency Rules: Investigators at the Commodity Futures Trading Commission have concluded that bankrupt crypto lender Celsius Network and its former chief executive officer broke US rules before the firm’s implosion, according to people familiar with the matter.

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