Celsius Network, the embattled crypto lending firm that has frozen customers withdrawals and transfers for over a month due to liquidity issues, has filed for Chapter 11 bankruptcy protection, the company announced on Wednesday. The company said it has $167 million in cash on hand to help support operations through the process. Among the creditors listed in Celsius bankruptcy filings are...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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