Bankruptcy
Chris Giancarlo: Celsius Bankruptcy Filing is 'Mile Marker' for Crypto Industry
Former CFTC Chair Chris Giancarlo discusses the potential regulatory outcomes from crypto lender Celsius' first bankruptcy hearing today. “It’s going to be one of those mile markers in the progression of this new asset class,” Giancarlo said.
Celsius Outlines Next Steps as Bankruptcy Proceedings Begin
The insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement.
The Fall of Celsius Network: A Timeline of the Crypto Lender’s Descent Into Insolvency
A timeline of Celsius’ battle with insolvency during the crypto crash, from the firm’s decision to limit some user activity before the “pause,” to its decision to file for bankruptcy on the advice of restructuring experts.
Celsius Owed $439M by Lending Firm EquitiesFirst: Report
Celsius first borrowed from EquitiesFirst in 2019 before an overcollateralized crypto loan went sour in 2021.
Celsius’ Mining Unit Files for Bankruptcy
Celsius Network’s mining unit, which said in March it planned to go public, filed for chapter 11 bankruptcy protection along with its parent company. CoinDesk Managing Editor for Companies Aoyon Ashraf discusses the developing story and potential impact on the mining industry at large.
Bankruptcy Filing Reveals Biggest Celsius Creditors
Celsius Network's chapter 11 bankruptcy filing reveals the extended influence of crypto billionaire and FTX CEO Sam Bankman-Fried, according to Bloomberg. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Celsius Acknowledges $1.2B Hole in Balance Sheet
The news comes after the ailing crypto lender filed for bankruptcy protection Wednesday.
Celsius Network 'Could Stick Around' After Bankruptcy, Restructuring Expert Says
Ryan Preston Dahl joined CoinDesk TV’s “First Mover” to discuss the crypto lender's filing.
