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Celsius judge says court may look to UK consultation paper in absence of US guidance
17.10.2022
Judge Martin Glenn says U.K. legal principles may be “persuasive” in the absence of U.S. legal precedents in the complex case of the crypto lending platform’s bankruptcy
Texas Securities Regulators and Attorney General Object to FTX Purchasing Voyager Digital
17.10.2022
Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File...
Texas authorities object to Voyager's disclosure statement in its current form
15.10.2022
The Texas state authorities, SSB and DOB, argued that Voyager fails to explain the methodology used to calculate the average coin prices, among others
Crypto Miner Core Scientific Will Defend its Interests in Celsius Bankruptcy
12.10.2022
Crypto hosting and mining company Core Scientific (CORZ) has issued fired back at Celsius Mining over allegations it is violating the beleaguered firm's bankruptcy filing
Bankruptcy Court Publishes 14,000 Pages of Celsius Customer Usernames and Trade History
7.10.2022
The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages of the usernames and trading histories of the company’s customers. While the file does not disclose personal information tied to the user’s...
Court docs reveal details about thousands of Celsius customers
7.10.2022
The data of thousands of Celsius customers revealed in court also included its executives showing millions withdrawn from the platform in the weeks before it was suspended to the public
Marathon reports $80M exposure to bankrupt mining firm
7.10.2022
Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3
Celsius’ Top 3 Execs Cashed Out $42M in Crypto Before Bankruptcy
6.10.2022
Ex-CEO Alex Mashinsky, ex-CSO Daniel Leon and CTO Nuke Goldstein pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May, before the company suspended all customer withdrawals
Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy
6.10.2022
Ex-CEO Alex Mashinsky, ex-CSO Daniel Leon and CTO Nuke Goldstein pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May, before the company suspended all customer withdrawals
Over 300 NFTs From Three Arrows Capital’s NFT Fund Moved by Liquidator to New Wallet
6.10.2022
Hundreds of non-fungible tokens (NFTs) collected by Starry Night Capital have been transferred to a new wallet. The NFT fund of the insolvent crypto hedge fund Three Arrows Capital (3AC) bought the tokens in 2021. 3AC filed for bankruptcy earlier this year, after taking a hit from the collapse...
Three Arrows Capital's NFTs collection to be liquidated
5.10.2022
As part of 3AC's bankruptcy proceedings, over 300 NFTs from Starry Night Capital were moved this week
Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid
4.10.2022
According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1....
Celsius Sets Date for Auction of Assets Following Bankruptcy
4.10.2022
Bankrupt crypto lender Celsius Network has set a timeline for the auction of its assets and will have a final bid deadline of October 17.
According to a filing with the US Bankruptcy Court, an auction will be held on October 20, if necessary. Cure and sale objection deadlines are set for October...
Celsius CEO Withdrew $10 Million Before Company Entered Bankruptcy
3.10.2022
Celsius founder Alex Mashinsky withdrew $10 million from the now-bankrupt cryptocurrency lender just weeks before the company froze customer accounts and collapsed, according to sources cited by The Financial Times....
Read More: Celsius CEO Withdrew $10 Million Before Company Entered Bankruptcy
DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins
3.10.2022
The objection is seeking a deferral on Celsius motions until the independent examiner report on the company is filed over the next couple of months
Celsius founder reportedly withdrew $10M before bankruptcy filing: FT
3.10.2022
The details of the withdrawal will reportedly be part of upcoming court filings, and it's possible the founder and former CEO of the crypto platform could be forced to pay it back
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels
2.10.2022
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from...
Crypto Biz: The Voyager Digital auction is over. What now?
30.9.2022
FTX US was the successful bidder in the Voyager auction. But, one industry insider tells Cointelegraph that the deal didn't have depositors' best interest in mind
State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins
30.9.2022
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas...
Texas, Vermont regulators object to Celsius stablecoin sale plan
30.9.2022
A key concern is that the firm hasn’t explicitly outlined what it will do with the stablecoin sale proceeds