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Crypto Lender Celsius Files to Retain Former CFO to Advise on Bankruptcy Proceedings
Rod Bolger resigned from Celsius in June, two weeks before the company filed for Chapter 11 protection.
By Cam Thompson
Updated May 11, 2023, 5:40 p.m. Published Jul 26, 2022, 9:37 p.m.
Celsius Network has filed a motion to bring back former Chief Financial Officer Rod Bolger to assist as the company makes its way through bankruptcy restructuring.
- Bolger resigned from Celsius on June 30 after serving as its CFO for just five months. The company subsequently filed for bankruptcy protection in mid-July.
- Bolger – who previously had been CFO at Royal Bank of Canada – joined Celsius after its previous CFO, Yaron Shalem, was arrested in Israel.
- “The Debtors recognize that they need Mr. Bolger’s services and expertise as they manage their transition into chapter 11 and begin negotiating a path forward,” said Celsius attorneys in a motion filed with the bankruptcy court. “His institutional knowledge and experience concerning the unique features of cryptocurrency are invaluable.”
- The motion asks that Bolger be retained for a minimum of six weeks at a salary of C$120,000 per month.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
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