Beleaguered crypto lender Celsius and its affiliates are doing everything to prevent a bankruptcy filing. Moreover, the management is reaching out to its shareholders for solutions. However, Celsius c...
Tag: Bankruptcy
Celsius Network takes affirmative action to stave off bankruptcy
According to the tech website CTech, Celsius Network laid off 150 workers in a bid to stay operational. The troubled lending and borrowing platform announced a pause on withdrawals on June 13, citing ...
Three Arrows Capital Files for Bankruptcy, Voyager Suspends Deposits and Withdrawals, Zigazoo Raises $17 Million to Grow Its Web3 Presence
Three Arrows Capital, also known as 3AC, has filed for bankruptcy in the United States. The Chapter 15 bankruptcy was filed in the Southern District of New York on Friday night, just days after 3AC wa...
Three Arrows Capital Files for Chapter 15 Bankruptcy in the US
The embattled cryptocurrency hedge fund, Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in the United States of America as it looks to preserve its assets in the country. According to ...
Three Arrows Capital Officially Files for Bankruptcy – crypto.news
Three Arrows Capital (3AC) has officially filed for Chapter 15 bankruptcy, days after a court in the British Virgin Islands ordered the liquidation of the company’s assets, reports Bloomberg on July 1...
Three Arrows Capital files for Chapter 15 bankruptcy in New York
Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in a New York court. The petition was submitted to the US Bankruptcy Court for the Southern District of New York. The Friday ...
Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Three Arrows Capital, a crypto hedge fund, filed...
Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy
Crypto hedge fund 3 Arrows Capital is slated to be another pillar piece of 2022’s bear market headlines, joining the likes of brutal bear market moments that include Terra Luna’s downfall and CeFi’s d...
Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy – Bitcoin News
The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers show 3AC is aiming for an ancillary Chapt...
3AC files for bankruptcy amid financial troubles
According to a report by Bloomberg, three Arrows Capital has filed for Chapter 15 Bankruptcy. 3AC used to be one of the largest crypto investment firms, but the recent market conditions have proven ch...
Troubled Hedge Fund 3AC Files for Bankruptcy Protection
Alex Dovbnya The cryptocurrency hedge fund, which used to have $10 billion worth of assets under management, is now officially bankrupt Embattled cryptocurrency hedge fund Three Arrows Capital filed f...
Crypto hedge fund Three Arrows files for U.S. bankruptcy
Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing in the Southern District of New York on Friday. Three Arrows C...
Three Arrows files for Chapter 15 bankruptcy in New York
Three Arrows Capital, a cryptocurrency hedge fund, has filed for Chapter 15 bankruptcy. The action of this plan protects its U.S. assets while the British Virgin Islands are liquidated. The 3AC firm h...
Crypto Hedge Fund Three Arrow Capital Files For Bankruptcy! What Next
Three Arrows Capital, better known as 3AC, a cryptocurrency investing company, registered for Chapter 15 bankruptcy on July 1st, according to reports. Although not surprising, the announcement marks t...
Three Arrows Capital Files Bankruptcy in New-York
Editors News Chapter 15 bankruptcy prevents creditors from seizing a company’s assets. The 3AC liquidation reportedly reached at least $400 million. The crypto hedge fund Three Arrows Capital (3AC) ha...
3AC Files for Bankruptcy as Voyager Digital Suspends Withdrawals
A Chapter 15 bankruptcy is a move that protects a firm’s U.S. assets while liquidation is carried out in the British Virgin Islands. Additionally, it prevents creditors from seizing assets in the Unit...
Zhu Su’s Mansion In Singapore Is Reportedly Up For Sale Following 3AC’s Bankruptcy
According to Chinese reporter Colin Wu, Three Arrows co-founder Zhu Su is rumoured to have put up his mansion in Singapore for sale per some real estate agents, but it has not been indicated on any pu...
Ex-Apple exec Ron Johnson’s Enjoy Technology files for bankruptcy
Ron Johnson during a panel discussion at the CNBC Evolve New York event on June 19, 2019. Astrid Stawiarz | CNBC Enjoy Technology, a retail startup founded by former Apple and J.C. Penney exec Ron Joh...
Drugmaker Endo Faces Bond Decision as Creditors Mull Bankruptcy
(Bloomberg) — Endo International Plc, the latest drugmaker impaired by opioid lawsuits, must decide whether to skip more than $90 million in interest payments as it contemplates a potential bank...
Some Crypto Exchanges Are On The Edge Of Bankruptcy
A series of insolvency may be at hand in the crypto exchange market. In an interview with Forbes, Sam Bankman-Fried, CEO of FTX, also seen as a hero for struggling companies lately, said that more cry...
3AC: court declares bankruptcy of crypto fund
A court in the Virgin Islands has declared bankruptcy for 3AC crypto fund, which has been facing a liquidity crisis for some time. It’s official: 3AC fund declares bankruptcy Just two days after crypt...
Alert Traders! FTX CEO Claims Several Exchanges Are On The Brink of Bankruptcy – Coinpedia – Fintech & Cryptocurreny News Media
In a recent interview, FTX CEO Sam Bankman-Fried cautioned people that some tiny crypto exchanges have become “secretly bankrupt,” and more are on the verge of failing. While in conversation with Forb...
Celsius Network Resist Chapter 11 Bankruptcy Recommendation by Lawyers
Celsius Network is resisting its lawyers’ recommendation to file for Chapter 11 bankruptcy. Instead, the executives of the crypto company are seeking support from users to settle the internal disagree...
Celsius Seen Withdrawing ETH, Can It Avoid Bankruptcy?
Celsius’ management looks to avoid bankruptcy filing regardless of advisers and lawyers recommending filing for Chapter 11 bankruptcy. The company has asked users to show support by activating “HODL M...
Amidst Ongoing Bankruptcy, Celsius Withdraws ETH Stake
Despite the advice of experts and attorneys, Celsius’ management intends to postpone filing for Chapter 11 bankruptcy. Instead, consumers are invited to demonstrate appreciation by using “HODL Mode” o...
Celsius seeks show of client support as lawyers push for Chapter 11 bankruptcy
Embattled crypto lender Celsius Network is resisting a recommendation from its own lawyers to file for Chapter 11 bankruptcy — and seeking a show of support from users to help win the internal argumen...
Last-ditch attempt by Celsius investors to save the company from bankruptcy
Lawyers hired by crypto lending platform Celsius are advising the company to declare bankruptcy. However, executives in Celsius would prefer to avoid a long-winded Chapter 11 process, and Celsius inve...
Crypto lender Celsius hires more advisors ahead of possible bankruptcy: WSJ
Crypto lender Celsius continues to weigh a possible bankruptcy amid serious financial woes, according to the Wall Street Journal. The firm — which froze withdrawals, swaps and transfers earlier this m...
Celsius Facing Bankruptcy: Report
Alex Dovbnya The fate of roughly $8 billion worth of deposits remains unknown, with Celsius seemingly being on the cusp of a bankruptcy Troubled cryptocurrency lender Celsius is facing a potential ban...
Celsius Network hires advisers ahead of potential bankruptcy: Report
Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy. According to a Friday report from the ...