Browsing: bankruptcy

The one-time star electric carmaker Fisker Automotive said Monday it sold “substantially all” of its assets to the Chinese auto parts group Wanxiang for $150 million. The news came after last year’s bankruptcy filing by Fisker, whose sleek, sporty electric…

Early this morning, Mt. Gox officially filed for bankruptcy protection in Tokyo, Japan, confirming reports that the company had lost 750,000 bitcoins—with a current estimated value of roughly $477 million—were lost. According to CEO Mark Karpeles…