Bankruptcy & Restructuring News Headlines for Thursday Nov 9, 2023

Here's what we are reading this morning:

70% DeFi Yields Are Back as Crypto Traders Seek Leverage Again - Bloomberg: Memories are proving to be extremely short in the crypto world, with returns of 70% and higher being offered once again by trading platforms through the re-emergence of the investment strategy known as yield farming.

Party City’s Balloon-Making Unit to Hand Over Ownership to Bondholders - WSJ: Anagram, Party City’s balloon-manufacturing subsidiary, filed for bankruptcy with a deal to hand over ownership to a group of bondholders after its parent company rejected its supply contract.

Opinion | Sam Bankman Fried Exposed the Fragility of Crypto - The New York Times: Not only are crypto firms operating with massive undisclosed credit risk, they’ve also often managed to sidestep the kind of outside scrutiny that might have been invited by more traditional funding models. And when a business funded in this way collapses it is the people who’ve given up their money for a whole bunch of nothing who suffer.

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