Pillay’s interim report will mark the “first time the court will hear from an independent, neutral third party on a number of critical issues in the case,” Dov Kleiner, a partner at law firm Kleinberg...
Tag: lender
Bankrupt Crypto Lender Celsius’ Rocky Year Just Got Worse With Departure Of Yet Another Senior Exec ⋆ ZyCrypto
Advertisement     After now-former CEO of Celsius Alex Mashinsky stepped down from his position last week, co-founder of the cornered crypto lender S. Daniel Leon has ...
Bankrupt Crypto Lender Celsius Co-Founder Resigns Days After Alex Mashinsky: Report
Another top executive of crypto lender Celsius Network has reportedly decided to leave his post following the resignation of the embattled company’s former CEO, Alex Mashinsky. Bloomberg reports that ...
Crypto Lender Celsius Co-Founder, Chief Strategy Officer Leon Resigns
Timothy Cradle, Celsius former director of financial crimes compliance, believes that the downfall of Celsius was its inability to manage risk well. A recent report has disclosed that the co-founder a...
Long Line of Bidders ‘Expected’ for Crypto Lender Celsius’ Assets: Court Filing
The troubled crypto lender’s assets will soon be up for auction. The timeline for the auction of Celsius’s assets has been revealed as per a filing from the U.S. Bankruptcy Court for the Southern Dist...
Bankrupt Crypto Lender Celsius Network to Auction Assets on October 20
Beleaguered cryptocurrency lender Celsius Network plans to auction its assets on October 20, following in the footsteps of Voyager Digital, which recently concluded its auction. Celsius to Auction So...
Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer
Celsius Network Ltd, a troubled and bankrupt crypto lender, has disclosed the auction dates for its assets. Based on a filing with the US Bankruptcy Court for the Southern District of New York, the de...
Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid – Bitcoin News
According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following t...
Bankrupt crypto lender Celsius reveals date to auction off assets
The insolvent crypto lending platform Celsius Network Ltd. has scheduled the dates for the auction of its assets. In accordance with a filing that was submitted to the United States Bankruptcy Court ...
Bankrupt crypto lender Celsius to auction assets on Oct. 20
Embattled crypto lender Celsius Network has set a final bid date of Oct. 17 for the sale of its assets, according to an Oct. 3 court filing. According to the filing, the firm would auction its assets ...
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 ...
Decentralized DeFi Lender Signum Goes Live on the Tezos Mainnet – crypto.news
Following months of development, Signum has completed its move to the Tezos Mainnet. The decentralized finance (DeFi) peer-to-peer platform has undergone extensive testing by developers, selected user...
Bankrupt Crypto Lender Celsius Founder, Alex Mashinsky, Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
A Mashinsky spokesperson, cited by the paper, said that the entrepreneur had disclosed to an unsecured creditors committee (UCC) in the bankruptcy proceedings that he and his family had $44 million in...
Crypto Lender Celsius Shouldn’t Reopen Custody Withdrawals, US Trustee Says
The company’s motion to reopen withdrawals would apply only to customers holding “pure custody assets,” which Celsius has failed to define. The objection claims that distributing funds to a limi...
Genesis Sales, Trading Chief Ballensweig Exits Crypto Lender
Genesis has suffered an exodus of talent in the wake of its massive losses to failed crypto hedge fund Three Arrows Capital. In August, it cut 20% of staff and its CEO Michael Moro resigned; research ...
Crypto Lender Nexo Acquires Stake in US Chartered Bank
Leading cryptocurrency lender Nexo has acquired a stake in Hulett Bancorp (DBA Mode Eleven) and its subsidiary federally chartered bank Summit National Bank, regulated under the US Office of the Compt...
Crypto Lender Nexo Buys Stake in U.S. Chartered Bank
Cryptocurrency lender Nexo has acquired a stake in the U.S. federally chartered financial institution Summit National Bank, a subsidiary of Hulett Bancorp (DBA Mode Eleven), which was established in 1...
FTX.US Set To Acquire Assets of Bankrupt Crypto Lender Voyager After Placing $1,422,000,000 Bid
The US arm of crypto exchange giant FTX is set to acquire the assets of bankrupt crypto lender Voyager Digital after placing a bid of over $1 billion. According to a new press release, Voyager, which ...
CEO of Bankrupt Crypto Lender Celsius Alex Mashinsky Resigns
Alex Mashinsky—CEO of the bankrupt crypto lender Celsius Network—has submitted a letter of resignation to the company’s Board of Directors, according to a press release from a New York law firm on Tue...
Chief Executive Of Distressed Crypto Lender Celsius Alex Mashinsky Resigns ⋆ ZyCrypto
Advertisement     The chief executive of bankrupt cryptocurrency lender Celsius has called it quits. Alex Mashinsky, the head of Celsius, tendered a letter of resignat...
FTX Wins Bid to Buy Crypto Lender Voyager Digital’s Assets Out of Bankruptcy
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California, New York and other U.S. states take action against crypto lender Nexo
A group of U.S. state regulators announced an array of legal actions against crypto lender Nexo on Monday. California’s Department of Financial Protection and Innovation issued a cease and desis...
CEO of Struggling Crypto Lender Celsius Tenders Resignation Letter
Alex Mashinsky, CEO of embattled cryptocurrency lending platform Celsius, is resigning from his executive position. Nevertheless, he states he is willing to help the company during its restructuring p...
‘Crypto Lender of Last Resort’ FTX Still Has Enough Cash to Deploy in Industry Bailouts ⋆ ZyCrypto
Advertisement     Sam Bankman-Fried, the chief executive of crypto exchange FTX, has stated that the Bahamas-based company still has enough capital to continue its bac...
FTX to Acquire Troubled Crypto Lender Voyager and Save Customers
FTX US, the United States division of global cryptocurrency exchange FTX, has won the bid to purchase the assets of bankrupt crypto lender Voyager Digital. In a press release on Monday evening, Voyage...
Crypto lender Nexo obtains U.S. bank charter through acquisition deal
The crypto market has been battered this year, with nearly $2 trillion wiped off its value since its peak. Jonathan Raa | Nurphoto | Getty Images Cryptocurrency lender Nexo on Tuesday announced it has...
Crypto Lender Nexo Hit With Enforcement Actions From Eight States
State securities regulators in California and several other states took action against Nexo Group, the parent company of crypto lender Nexo, on Monday, calling the company’s Earn Interest Product an u...
Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried’s FTX
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, o...
Eight States Filed Lawsuit Against Crypto Lender Nexo –
2 hours ago | 2 mins read Editors News Similar lawsuits have been filed against Nexo in Kentucky, Vermont, South Carolina, and Maryland. Similar law enforcement actions were taken against Celsius in 2...
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo – Regulation Bitcoin News
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securitie...
CFO of Troubled Crypto Lender Voyager Digital Resigns
Voyager Digital’s Chief Financial Officer Ashwin Prithipaul had joined the company just two months ahead of the company announcing its bankruptcy. Troubles continue to pile up for bankrupt cryptocurre...
Bankrupt crypto lender Voyager’s CFO resigns
The chief financial officer of bankrupt crypto lender Voyager is expected to leave the company, a Friday announcement said. Ashwin Prithipaul “is resigning to pursue other opportunities,” ...