Bankruptcy
Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year
The extra cash from loan repayments, previously believed to be in stablecoins, means a much needed boost for the cash-strapped lender.
Legal Expert: Not Enough Money to Go Around Celsius
As a new cashflow statement comes to light in Celsius Network's third bankruptcy hearing, Hodder Law Firm Managing Partner Sasha Hodder says the crypto lender just does not have "enough assets to go around." She adds that this will be particularly damaging for its Earn program customers. Plus, is Celsius still on track to run out of money by October?
Celsius’ Third Bankruptcy Hearing: Who Should Get Their Money Back?
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down Celsius’ third bankruptcy hearing on Thursday which focused on whether custodial account holders should be able to get their funds back.
Mt. Gox to Set Creditor Repayment Date in ‘Due Course’; Celsius Files to Return Custody Clients’ Funds
The distribution of funds to former customers of defunct crypto exchange Mt. Gox will begin on a repayment date to be set in “due course.” Two Georgia-based bitcoin mining facilities used by Compass Mining are closing amid soaring local power costs.
Celsius’ Third Bankruptcy Hearing Yields Little in the Way of Customer Relief
The three-hour hearing was largely spent on a back-and-forth over whether custodial account holders will be able to get their money back.
Crypto Lender Celsius’ Bankruptcy Case Back in Court as Hearings Continue
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the latest legal developments surrounding crypto lender Celsius and a preview of today’s hearing in the ongoing bankruptcy proceedings.
Crypto Lender Celsius Files to Return Custody Clients' Funds
Celsius said these funds are not part of the bankruptcy estate, unlike funds from Earn and Borrow clients.
Crypto Lender Celsius Faces Another Group of Customers Who Want Their Money Back
More than 60 of Celsius’ custodial-account holders petitioned a bankruptcy court to force the crypto lender to send them their funds back outside of the proceedings.
NFT Markets Aren’t Immune to ‘Spooked’ Buyers: Quadency CEO
NFT platform Opensea saw daily trading volume plummet by 98% since its peak. Quadency founder and CEO Rosh Singh says “people are spooked” by the cascading bankruptcies and liquidity crisis in the broader crypto markets.
Crypto Exchange Zipmex Appoints Restructuring Firm to Forge Recovery Plan
KordaMentha has been appointed as Zipmex's financial adviser to oversee a recovery plan.
