Bitcoin mining giant Poolin files for Chapter 11 as $173.1M in asset liabilities raises concerns

Poolin, a Singapore-based Bitcoin mining giant, has filed for Chapter 11 bankruptcy in the US, citing $173.1 million in asset liabilities. The company's subsidiaries, Lonestar Dream Inc. and Lonestar Taproot LLC, are also included in the filing. Poolin's unsecured debts total $163.7 million, primarily owed to Poolin Wallet users.