Cryptocurrency mining company LM Funding acquires assets of Symbiont for $2.6 million

ChainCatcher news, cryptocurrency mining company LM Funding today announced its acquisition of the assets of blockchain fintech company Symbiont for $2.6 million, which is expected to receive approval from the bankruptcy court.

In December last year, Symbiont filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code, with assets and liabilities between $1 million and $10 million. LM Funding subsequently provided a $2 million secured loan to Symbiont and is currently its sole secured creditor. (source link)