Bankruptcy
Celsius CEO Alex Mashinsky Owes Transparency to Creditors, Says Legal Expert
Hodder Law Firm Founder Sasha Hodder discusses crypto lender Celsius Network’s Chapter 11 bankruptcy proceedings and the “need” for CEO Alex Mashinsky to clarify what the firm owes to its creditors. “Mashinsky hasn’t provided the transparency that, really, he owes everyone,” Hodder said. “We need more transparency.”
DOJ Calls for Examiner to Probe Bankrupt Crypto Lender Celsius
The U.S. Trustee office, which oversees bankruptcy matters, said an independent probe into Celsius' financials is needed to address "significant transparency issues" in the crypto lender's bankruptcy case, according to a court filing Thursday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.
DOJ Calls for Independent Examiner in Celsius Bankruptcy Case
The U.S. Trustee office overseeing Celsius’ bankruptcy proceedings has asked that an independent examiner be appointed to look into the crypto lender’s collapse into bankruptcy. Hodder Law Firm Founder Sasha Hodder discusses the legal implications of the Celsius case and the potential concerns with CEO Alex Mashinsky.
‘Consumer Business Is Dead’ for Bankrupt Crypto Lender Celsius: Expert
Celsius Network has received multiple offers to help restructure. During a Tuesday bankruptcy hearing, the company said it received several proposals to inject cash into the company and won approval from a U.S. judge to sell bitcoin (BTC) that it mines.
'Long and Arduous' Path Ahead For Crypto Lender Celsius, Says Legal Expert
The second day of Celsius Network's bankruptcy hearing is underway, with the troubled crypto lender's attorneys laying out a path forward for the company. King & Spalding LLP Partner Thad Wilson discusses his initial reactions, explaining why "the path here is going to be long and arduous for Celsius to otherwise emerge from Chapter 11."
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.
Court Documents Indicate a Connection Between TPS Capital, Three Arrows
TPS Capital claims that it is independent of Three Arrows Capital (3AC), but legal disclosures as part of bankruptcy proceedings show a web of transactions and familiar faces between the two firms. “The Hash” discusses the latest in 3AC’s fallout.
Report Reveals Behind-the-Scenes Concerns at Celsius Before Bankruptcy Filing
According to an investigation by CNBC, trouble at crypto lender Celsius has been brewing for years before the company filed for chapter 11 bankruptcy. “The Hash” hosts break down the report, some key takeaways and the reported revelations about Celsius Network’s red flags.
Lawmakers to Hold Hearing on Oversight of SEC's Division of Enforcement
The House Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets is holding a hearing Tuesday on the oversight of the SEC's division of enforcement. CoinDesk Managing Editor of Global Policy & Regulation Nikhilesh De discusses what to expect. Plus, key takeaways from Celsius' bankruptcy hearing so far.
What to Expect From Crypto Lender Celsius' Bankruptcy Proceedings
"The Hash" panel discusses what customers should expect ahead of the first hearing in the Celsius bankruptcy case, as the insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement. Plus, a conversation on the company's $1.2 billion hole in its balance sheet.
