RETRACTION: Compute North Did Not Pay Execs $3M on the Day It Declared Bankruptcy

The filing states the money was paid over the course of the year ended Sept. 22, not that day as CoinDesk reported earlier based on a mistaken reading of the document.

AccessTimeIconNov 3, 2022 at 12:15 p.m. UTC
Updated May 9, 2023 at 4:01 a.m. UTC
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Compute North did not pay several executives about $3 million on Sept. 22, the same day it filed for bankruptcy. CoinDesk has retracted a story published Nov. 4 that, based on a mistaken reading of a court filing, said otherwise.

The filing states that these payments were made in the year leading up to Sept. 22.

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Eliza Gkritsi

Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.


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