Amazon invested $475 million into Saks's acquisition of Neiman Marcus. It wants a federal judge to reject Saks's bankruptcy plan because it harms creditors.
Saks used $2.2 billion in junk bonds to buy Neiman Marcus, but didn't have enough money left over to pay vendors, which led the company to declare bankruptcy.
With scammers using crypto ATMs to steal hundreds of millions of dollars from Americans, a movement to ban bitcoin teller machines is growing nationwide.