A bankruptcy judge in the Southern District of New York has approved Voyager’s plan to sell its assets to FTX, setting the stage for an upcoming creditor vote. Judge Michael Wiles signed the ass...
Tag: Bankruptcy
Prime Trust dispute settled, fee examiner appointed at Celsius hearing
Parties in the Celsius bankruptcy proceedings are beginning to hash out a process for a possible auction of the company’s assets. Those assets remain in flux as crypto custodian Prime Trust agre...
Voyager Customers Could Get 72% if Bankruptcy Sale Succeeds
Bankrupt crypto lender Voyager may repay customers 72% of their accounts’ value if the company can sell itself to digital-asset exchange FTX US. FTX US was able to secure a two-week-long auction...
Celsius Bankruptcy Judge To Refer UK Crypto Consultation Paper?
The chief U.S. bankruptcy judge who oversees Celsius case suggested that the Court could refer to UK crypto consultation paper. In a document filed on Monday, Judge Martin Glenn said there are no cont...
Creditors Oppose Immunity From Future Bankruptcy Lawsuits Plans for Voyager Execs
Lawyers representing the Official Committee of Unsecured Creditors (UCC) of Voyager Digital have raised objections to sweeping legal immunity being planned for the firm’s senior executives. Last month...
3M Earns Quick Appellate Review of Earplug Unit’s Bankruptcy Shield
A federal appeals court granted 3M Co. ’s request to review a bankruptcy judge’s refusal to stop mass injury lawsuits from proceeding against the conglomerate following the chapter 11 filing of its ea...
Bang Billionaire’s Empire of Caffeine Crashes Into Bankruptcy
(Bloomberg) — It should have been a weekend of celebration for billionaire Jack Owoc. Most Read from Bloomberg On Instagram, he blew out the candles atop a massive birthday cake dedicated to his...
New Tool Shows Just How Much Users Lost in Celsius Bankruptcy
“Holy moly,” wrote one user. A new tool now lets anyone see just how much money some users have lost after the troubled crypto lender filed for Chapter 11 bankruptcy in July. It’s easy to check wheth...
Tech Entrepreneur Who Lost $1.5M to Celsius’s Bankruptcy Loses Millions in Robbery
Zaryn Dentzel, a technology entrepreneur who lost 800 Bitcoin (BTC) worth around $1.5 million to Celsius Network’s liquidity crisis, was a victim of a home invasion last year, losing millions of dolla...
Celsius creditors face fallout from U.S. bankruptcy disclosure process
Celsius filed a trove of documents this week containing users’ names and information about certain transactions, setting off a wave of concern among some creditors, despite the disclosure of such info...
Lark Davis Escapes Celsius Network Bankruptcy With $2.5Million
According to crypto sleuth ZachXBT, Lark Davis withdrew $2.5 million from Celsius long before the company crashed. Crypto influencer Lark Davis appears to have absconded the Celsius network bankruptcy...
Is Crypto.com facing threats of bankruptcy? 1
Popular exchange Crypto.com might soon start to fight the onset of bankruptcy following a report that it is downsizing most of its deals. According to a report, the exchange has been renegotiating ter...
Celsius Executives Withdrew Tens of Millions of Dollars Ahead of Bankruptcy
Alex Dovbnya Celsius bosses withdrew $30 million worth of Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies before the company imploded Celsius bosses withdrew a total of $30 million of crypto...
Compute North Bankruptcy Will Not Impact Marathon Digitals: CEO Fred Theil
Marathon Digital Holdings announced its “bitcoin production and mining operations updates for September 2022” in a press release on October 6th. Top bitcoin (BTC) and other cryptocurrencies mining com...
Bankruptcy Court Publishes 14,000 Pages of Celsius Customer Usernames and Trade History – Bitcoin News
The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages of the usernames and trading histories of the company’...
Ex-Celsius CEO’s wife cashed out $2 million in crypto before bankruptcy, documents reveal
Before suspending withdrawals for their clients and filing for insolvency, the executives of the cryptocurrency lending platform Celsius Network Ltd. cashed out at least $17 million in digital tokens,...
Court filing ‘doxing’ Celsius users draws questions on KYC, bankruptcy processes
On Oct. 5, disgraced CeFi lender Celsius filed Schedules of Assets and Liabilities and Statements of Financial Affairs as part of its Chapter 11 bankruptcy proceedings. Most of the over 14,000-page do...
Celsius Top Dogs Withdrew $42M Before Bankruptcy Proceedings
A new court document reveals that former Celsius CEO Alex Mashinsky, former CSO Daniel Leon, and CTO Nuke Goldstein withdrew their crypto before Celsius paused withdrawals in June 2022. Update 6 Oct. ...
3 top Celsius execs withdrew $56 million before bankruptcy
It’s come to light that former CEO Alex Mashinsky, former CSO Daniel Leon, and CTO Nuke Goldstein withdrew $56.12 million in crypto just before Celsius went into bankruptcy. New court records depict a...
“Insolvency, Bankruptcy is Nowhere in Nexo’s reality”: Co-Founders
Speculations about crypto lender Nexo heading towards bankruptcy were squashed by the company’s top-ranking members. In an ‘Ask-Me-Anything’ YouTube video on Tuesday co-founders of Nexo, Antoni ...
Three Celsius executives withdrew over $50 million in crypto just before bankruptcy
According to recently published court documents, Celsius’s top three executives of the crypto lending business withdrew a total of $56.12 million worth of cryptocurrency between May and June 2022, jus...
Celsius co-founder Daniel Leon steps down: Bloomberg
Celsius Network confirmed that co-founder Daniel Leon stepped down this week, Bloomberg first reported. Leon’s departure followed the resignation of former Celsius CEO Alex Mashinsky, who left the com...
High Profile NFT Collection Moved from 3AC Wallet Amid Bankruptcy Proceedings
Last year, a non-fungible token (NFT) fund created by Three Arrows Capital co-founders has now seen many of its digital art assets moved to another wallet. On Oct. 4, crypto insights and analysis firm...
Celsius Network Co-founder Resigns Amid Bankruptcy Proceedings
3 hours ago | 2 mins read Editors News Celsius froze client withdrawals and later filed for Chapter 11 bankruptcy protections. Mashinsky handed up his resignation a week ago today. On Tuesday, S. Dani...
Celsius Founder Alex Mashinsky Withdrew $10,000,000 Worth of Crypto Prior to Bankruptcy Filing: Report
A Financial Times report claims Celsius Network founder Alex Mashinsky withdrew millions of dollars in digital assets from the platform weeks before the bankrupt crypto lender froze customer accounts ...
Grayscale Launches New Crypto Dealer as Genesis Got Incapacitated With 3AC Bankruptcy
Grayscale Investments, one of the largest asset managers in the digital currency ecosystem has launched a new broker-dealer dubbed Grayscale Securities, recent filings with the United States Securitie...
Here’s When Celsius Network Will Auction Assets Following the Bankruptcy
The much-anticipated auction of assets belonging to bankrupt Celsius Network is likely to begin later this month. The embattled lending platform submitted an auction plan to the United States Bankrupt...
Ex-CEO Alex Mashinsky Cashed Out $10M From Celsius Weeks Before Bankruptcy Filing ⋆ ZyCrypto
Advertisement     Former Celsius Network CEO Alex Mashinsky reportedly removed millions of dollars from the company before blocking users from withdrawing funds and su...
Celsius founder withdrew $10M weeks to crypto lender’s bankruptcy: Report
Celsius Network (CEL/USD) founder Alex Mashinsky, who recently resigned as the bankrupt crypto lender’s CEO, withdrew $10 million from the firm’s accounts just weeks before it announced a halt to all ...
Crypto Lender Celsius CEO Withdrew $10 Million Weeks Before Bankruptcy
Alex Mashinsky, the former CEO of Celsius, withdrew $10 million from the crypto lending platform just weeks before it froze user assets and suspended withdrawals in June, according to unnamed sources ...