Singapore-based Bitcoin mining pool Poolin and two of its US affiliates filed for Chapter 11 bankruptcy in a New Jersey court on Wednesday.Poolin’s court filing shows that the mining pool operator has estimated liabilities of $100 million to $500 million, assets of $1 million to $10 million and 10,001 to 25,000 creditors.Poolin and its affiliates are also seeking court approval to sell two West Texas mining sites to Thor CALAP LLC under a proposed $52 million stalking-horse bid. This includes $37 million for the Tarbush assets, including assumed liabilities, and $15 million for the Pyote site, including the power rights,…

When he was 19, Jamie Meade participated in a robbery that turned lethal. But it was Meade’s partner in crime who actually shot the victim (accidentally, he said). Meade nevertheless was convicted of felony murder and sentenced to life without parole, while the killer pleaded guilty to lesser offenses and received a 12-year sentence. When Michigan Gov. Gretchen Whitmer commuted Meade’s sentence last year, he had served 31 years. By contrast, the man who fired the gun, who spent 10 years in prison, has been free since 2008. Manifestly unjust results like those are a product of laws that treat…

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