Binance Poolin establishes creditor committee and initiates debt declaration

Binance Poolin Mining Pool established a creditor committee on August 12th and hired a law firm to supervise the bankruptcy process. At present, the case has entered the stage of asset sale and liquidation, and creditors can submit their claims through the Verita Global page. Binance filed for Chapter 11 bankruptcy protection with the New Jersey District Bankruptcy Court in July and plans to sell its Bitcoin mining assets located in Texas for $52 million.