Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recent...
Tag: Bankruptcy
Celsius Initiates Bankruptcy Proceedings to ‘Stabilize’ its Business
The lender recently replaced its former lawyers to those at Kirkland & Ellis LLP, the same lawyers handling Voyager’s bankruptcy filings Celsius is said to have resisted calls from its previous la...
Celsius Network Follows Voyager Digital & Files Company Oriented Bankruptcy
Celsius Network after halting the deposits, withdrawals & transfers for nearly a month, finally files for bankruptcy during the early times of trade. The Celsius Network appears to be in hot water...
Crypto Collapse Pulls Celsius Network Down Into Bankruptcy
Crypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a string of crypto asset organizations that have restructured in response to a s...
Celsius Files for Chapter 11 Bankruptcy, Brings In New Directors
Celsius Network announced that it had filed for Chapter 11 bankruptcy. The company hopes to correct its situation and emerge stronger and has taken a few other steps to help the process as well. Celsi...
Embattled Crypto Lender Celsius Finally Files for Bankruptcy
Alex Dovbnya Celsius depositors have been dealt another blow Cryptocurrency lender Celsius has officially filed for bankruptcy, The Guardian reports. The company unexpectedly froze withdrawals on June...
CEL Dumped 50% After Celsius Filed for Chapter 11 Bankruptcy Protection
Celsius Network announced today that it initiated a voluntary Chapter 11 bankruptcy protection with the Southern District of New York. Consequently, Celsius’ native token recorded a dip of over 50% at...
Celsius’ CEL Token Tanks 50% as Company Files for Chapter 11 Bankruptcy
After persistent efforts to repay its loans, beleaguered crypto lender Celsius Networks decided to file for Chapter 11 bankruptcy on Wednesday, July 13. Following the news, CEL, the native cryptocurre...
Celsius Files for Chapter 11 Bankruptcy Protection, Clears Debt with Compound
Crypto lender Celsius Networks has filed for Chapter 11 bankruptcy protection, MarketWatch reported. The embattled crypto lender has also repaid its remaining debt to the decentralized finance (DeFi) ...
Celsius Files For Chapter 11 Bankruptcy Tows The Same Path As Voyager
– Advertisement – Celsius is bankrupt. Embattled crypto lender Celsius and its subsidiaries on Wednesday filed for Chapter 11 bankruptcy in the Southern District of New York, confirming su...
Celsius Network initiates Chapter 11 bankruptcy proceedings
The Southern District Court of New York has begun a Chapter 11 bankruptcy case against cryptocurrency loan platform Celsius, it was verified on July 13 by the court. The Company made a public release ...
Embattled crypto lender Celsius files for bankruptcy protection
Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Cel...
3AC co-founder Su Zhu tweets for first time since bankruptcy
Su Zhu, co-founder of crypto hedge fund Three Arrows Capital (3AC), has spoken publicly for the first time since his fund went bankrupt. In a tweet, he complained about obscure warrants in a project c...
US Bankruptcy Judge Freezes Crypto Hedge Fund Three Arrows Capital’s Assets – Regulation Bitcoin News
A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidator...
Cryptocurrency Future Remain Dicey In Few Countries Amidst 3AC Bankruptcy – Coinpedia – Fintech & Cryptocurreny News Media
The Cryptocurrency hedge fund Three Arrow Capital (3AC) declared bankruptcy in June-end, and its after-effects can be seen in the crypto industry. After the collapse of 3AC, other crypto firms have st...
Endo Moving Toward Bankruptcy Filing Without Opioid Settlement Deal
Endo International PLC is moving toward a bankruptcy filing, potentially setting off intense conflicts with state and local governments that have sued the pharmaceuticals company for its alleged role ...
Three Arrows (3AC) Founder Breaks Silence Over Bankruptcy Talks
Zhu Su, the founder of Three Arrows Capital (3AC), has rubbished the claims that he is not cooperating with liquidators. He has also accused the liquidators of breach of their duty. Speaking out for t...
Celsius Network Minimizes Debts Amid Bankruptcy Battle
Editors News Celsius Network paid off $113,105,000 on its Aave and Compound loans. Celsius freed up more than $450 million in collateral. Since last week’s wave of bitcoin loan repayments, the trouble...
Troubled Crypto Lender Celsius Repays $113 Million of Loans, Can It Avoid Bankruptcy?
Troubled crypto lender Celsius has been trying every bit to repay pending loans. As per Bloomberg, Celsius repaid an additional $113 million of loan on Monday, July 11. On Monday, Celsius repaid $78 m...
Will Coinbase go bankrupt? Crypto CEO says there is ‘no risk of bankruptcy’
““We have no risk of bankruptcy.”” That’s a quote from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform Coinbase COIN, -10.63%. In a series of tweets on May 10, Arms...
New Lawyers For Celsius Network After Bankruptcy- Know More
According to rumors, Celsius Network is appointing new attorneys to handle its reorganization. Finally, the Wall Street Journal reported on Sunday that Celsius Network, the cryptocurrency network that...
After Bankruptcy Celsius Changed Legal Team- Know More
In place of the previously retained legal firm Akin Gump Strauss Hauer & Feld LLP, the corporation has reportedly engaged lawyers to provide advice on options, including filing for bankruptcy. Hav...
Voyager Digital Executives Threatened by Clients, Revealed in Bankruptcy Hearing
Senior executives of crypto broker Voyager Digital and their families were reportedly threatened by their clients, a court in Manhattan revealed last Friday. At the first-ever bankruptcy hearing for V...
Voyager’s Bankruptcy Keeps Investors On The Edge Of Losing Millions
The recent bankruptcy filing by Voyager Digital has got several investors worried that they could lose millions of their invested funds. One user, who chose the name Robert for anonymity, said he inve...
Investors lament over Voyager Capital’s bankruptcy filing 1
Investors have been left in the lurch, most of them fighting losses following the bankruptcy filing that was put forward by Voyager Digital some days ago. Most traders on the company’s platform have f...
Investors lament potentially lost ‘millions’ on Voyager bankruptcy
Many Investors are reeling from Voyager Digital’s recent bankruptcy filing, with some claiming to have either ‘millions’ worth of crypto assets or most of their life savings locked on the crypto excha...
Thousands of crypto investors have their life savings frozen as Voyager files for bankruptcy protection
Robert first came across Voyager Digital in March 2020. Like countless others, he decided to give the cryptocurrency broker a try. The platform was easy to navigate. It offered him an up to 9% annual ...
Mark Cuban Caught in Bankruptcy of Crypto Lender Voyager
Mark Cuban is in trouble. The billionaire entrepreneur has been facing a torrent of criticism for several days linked to a partnership forged with a crypto firm. Indeed, Cuban, an evangelist of the c...
Crypto Daily – Daily Crypto and Financial News 08/07/2022, Voyager digital filed for bankruptcy
In Todays Headline TV CryptoDaily News: Crypto winter: Voyager digital filed for bankruptcy. Embattled crypto lender Voyager Digital filed for bankruptcy this week and became the latest casualty of a ...
Is VGX all set to “Voyage” to the bears as Voyager Digital files for bankruptcy?
Voyager Digital [VGX], the United States-based crypto brokerage, is one of the companies to be liquidated due to Three Arrows Capital’s demise (3AC). In a 22 June press release, the firm stated that ...
Voyager Digital Under FDIC Scrutiny As It Files For Bankruptcy
Voyager Digital could come under added scrutiny after its marketing came on the radar of the FDIC, reportedly because come customers of the platform did not understand the scope of FDIC protection for...