According to people familiar with the situation, Coin Cloud has hired M-III Partners and B Riley Securities to help restructure about $125 million in debt accumulated by the operator of Bitcoin ATMs during a period of aggressive growth. According to the people who asked not to be identified because the matter is private, a group of the company’s lenders is working with restructuring and advisory firm Ducera Partners. The effort comes as crypto prices have been in a year-long slump, exacerbated by the spectacular collapse of Bahamas-based FTX last week.
