Bankruptcy


Finance

Zipmex Files for Bankruptcy Protection in Singapore

The company's lawyers filed five applications on behalf of the firm's different entities seeking moratoriums on legal proceedings for up to six months.

Zipmex filed for bankruptcy protection in Singapore. (Gerd Altmann/Pixabay)

Layer 2

Sky-High Yields and Bright Red Flags: How Alex Mashinsky Went From Bashing Banks to Bankrupting Celsius

How could Celsius Network pose “much less risk” than banks, as its CEO claimed, but pay eye-popping returns? It sounded too good to be true. There were other warning signs from the start.

Celsius CEO Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)

Finance

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.

Celsius outlines next steps. (PhotonBlast/Unsplash)

Finance

What Happens to Celsius Creditors if Crypto Prices Recover?

Legal experts survey the undiscovered country that awaits customers of the bankrupt cryptocurrency lending platform.

Celsius thermometer (Unsplash/Modified by CoinDesk)

Videos

Voyager: ‘No Customer Will be Made Whole’ Under FTX Proposal

507 Capital Partner Thomas Braziel discusses his take on FTX's proposal to offer early liquidity to customers of crypto lender Voyager, saying their best bet is to "be patient and let the bankruptcy court process run a full auction." Plus, insights into Mt. Gox's bankruptcy case of 2014 and how it differs from Voyager's, citing the benefits of the American court system.

Recent Videos

Finance

Failed Lender Voyager: ‘No Customer Will Be Made Whole’ Under FTX Proposal

FTX CEO Sam Bankman-Fried said his firm's offer would give Voyager customers back 100% of the remaining assets, while Voyager’s lawyers argue that it only benefits FTX.

Sam Bankman-Fried on CoinDesk TV (CoinDesk TV screenshot)

Layer 2

Failed Crypto Lender Cred Blames Its Demise on Uphold Exchange in Suit

The 2022 meltdown is not the first time the risks of “centralized DeFi” products have been laid bare.

(Daniel Thomas/Unsplash)

Finance

FTX to Offer Early Liquidity to Customers of Bankrupt Crypto Lender Voyager

The crypto exchange will allow the customers to create accounts funded by an early distribution of a part of their bankruptcy claims.

FTX CEO Sam Bankman-Fried (Craig Barritt/Getty Images)

Finance

Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report

The beleaguered duo discussed how one of the most successful crypto funds went from being a prominent trading desk to owing creditors $2.8 billion.

Su Zhu of Three Arrows (CoinDesk)

Layer 2

‘A Damaged Brand’: Former Celsius Employee on the Crypto Lender’s Mismanagement and Alleged Token Manipulation

Timothy Cradle, former compliance and financial crimes director at crypto lender Celsius Network, joined CoinDesk TV’s “First Mover” to discuss the platform’s alleged questionable practices.

"Someone would have to be frankly insane to trust Celsius with their assets," said Timothy Cradle on CDTV’s “First Mover” program. (CoinDesk TV screenshot, modified by CoinDesk)