Today Celsius Network filed to enter Chapter 11 and announced that it has begun a financial restructuring. Moments ago, @CelsiusNetwork filed voluntary petitions for Chapter 11 protection and announce...
Tag: Insolvent
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’ – Regulation Bitcoin News
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...
Celsius Is ‘Deeply Insolvent,’ Unable To Meet Withdrawal Obligations: Vermont Regulator
Celsius is unlicensed in Vermont and provided unregistered securities offerings, the agency said The lender used customer funds in risky and illiquid investments, trading and lending, it added Trouble...
Celsius ‘Deeply Insolvent’ Says Vermont Financial Regulator
Celsius Network, the embattled crypto lender, is “deeply insolvent,” according to the Department of Financial Regulation (DFR) in the U.S. state of Vermont. “The Department believes Celsius is deeply ...
Celsius Network is ‘Deeply Insolvent’: Reports
The Department of Financial Regulation (DFR) of the American state of Vermont said that cryptocurrency lender Celsius Network is “deeply insolvent,” stating that the lender lacks the resources and liq...
Celsius is “Deeply Insolvent”, Says Vermont’s Financial Regulator
Celsius Network is “deeply insolvent”, Vermont’s Department of Financial Regulation (DFR) said on Tuesday, adding that the cryptocurrency lender is also not honouring its obligations...
Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation
Last week, CoinDesk reported that Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 million of collateral pledged against the loan, deno...
Nexo Signs Agreement Sheet To Purchase 100% of Vauld’s Insolvent Assets – Coinpedia – Fintech & Cryptocurreny News Media
Nexo, a cryptocurrency lender or financier, announced today that it has signed an agreement sheet with Singapore-based crypto exchange Vauld describing intentions to purchase the assets of the insolve...
Nexo claims “smear campaign” ignores its attempts to aid insolvent companies
CryptoSlate spoke to Nexo co-founder Antoni Trenchev regarding Nexo’s decision to increase insurance to $775 million, its moves to offer aid to struggling crypto firms, and the recent allegations clai...
Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip
Coinbase has long been considered an important bellwether of the cryptocurrency market. Last year, when the company was expanding its workforce, adding institutional clients and issuing stock, crypto ...
Crypto skeptic Peter Schiff-founded bank goes insolvent, regulators say
U.S. economist and well known cryptocurrency skeptic Peter Schiff has stated that he intends to fight to be allowed to sell Euro Pacific International Bank which he formed in Puerto Rico. Despite the ...
Many crypto exchanges are insolvent- The Cryptonomist
In a recent interview conducted by Forbes, FTX CEO Sam Bankman-Fried, one of the richest people in the crypto world with an impressive $20.5 billion in assets, explained that in his opinion many excha...
FTX CEO Sees These Crypto Firms Becoming Insolvent
FTX CEO Sam Bankman-Fried warned in a recent interview that several small crypto exchanges are already “secretly insolvent,” and that many more are set to fail. Speaking to Forbes, Bankman-Fried warne...
Third-Tier Exchanges “Secretly Insolvent,” Says FTX’s Sam Bankman-Fried
Key Takeaways FTX CEO Sam Bankman-Fried has warned that some third-tier crypto exchanges are “secretly insolvent” and that more crypto firm failures could be on the horizon. Despite his fi...
Bankman-Fried Is Looking At “Secretly insolvent” Small Exchanges & Crypto Miners
It’s Sam Bankman-Fried’s moment. The FTX and Alameda Ventures golden boy put both of his companies in a winning position and seems to be carrying the spoils away. The recent Forbes piece about secretl...