You Searched For "celsius bankruptcy" and got 20 results
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1 min read
Celsius customers lose control of the $4.2 billion they deposited in accounts at the bankrupt crypto lender
Judge Martin Glenn said he "empathizes with the frustration account holders may feel if they didn't…
Zahra Tayeb
1 min read
Bankrupt crypto lender Celsius used Quickbooks for its accounting just like FTX, report says
According to an examiner's report, Celsius' logged its finances in 15 QuickBooks files and failed t…
Zahra Tayeb
2 mins read
Ponzi probe finds bankrupt crypto lender Celsius wasn't doing business the way it told customers
Court-appointed examiner Shoba Pillay said the bankrupt Celsius Network acted as the market maker f…
Ryan Hogg
1 min read
BlockFi files for bankruptcy as the crypto lender succumbs to the contagion of the FTX collapse
The implosion of Sam Bankman-Fried's once-$32 billion crypto empire has brought down yet another ai…
Morgan Chittum
2 mins read
Crypto firm Voyager Digital files for bankruptcy amid large loan loss and contagion in the digital asset market
"This comprehensive reorganization is the best way to protect assets on the platform," Voyager told…
Carla Mozée
1 min read
One of the largest bitcoin miners files for bankruptcy protection as token prices fall and energy costs rise
Crypto mining giant Core Scientific filed for bankruptcy on Wednesday, joining a growing list of di…
Brian Evans
1 min read
Bankrupt crypto lender Celsius gets the go-ahead to hand out $2.8 million in bonuses to keep employees from quitting
Celsius has also asked the court to let it sell $18 million of user-deposited crypto to pay its bil…
Zahra Tayeb
3 mins read
The unraveling of $3 billion crypto lender BlockFi amid FTX's 'death spiral', according to bankruptcy filings
"FTX's apparent 'rescue,' which began in the summer of 2022, stabilized BlockFi. But that was short…
Morgan Chittum
2 mins read
Crypto lender BlockFi will 'explore all options' to deal with the fallout from FTX's bankruptcy after it took a $250 million loan from the exchange
Crypto lender BlockFi, which got an emergency loan from FTX, said it has assets tied up with the ba…
April Joyner
1 min read
Bankrupt crypto lender Celsius will allow withdrawals for some customers, potentially returning $210 million to users who were locked out during the summer sell-off
Separately, 64 customers petitioned to have their custodial deposits returned, arguing Celsius has …
Jennifer Sor
2 mins read
The FTX implosion wasn't crypto's darkest hour of the year – these 2 crises were even more disastrous for digital assets
The Terra Luna crash and the collapse of Celsius and Three Arrows Capital caused even more damage t…
George Glover
1 min read
FTX creditor claims are being offered at 13 cents on the dollar as investors see difficult road ahead in recouping lost funds
FTX creditors are willing to take steep losses to recoup funds amid the company's uncertain and pot…
Morgan Chittum
2 mins read
Bitcoin just won't die
Bitcoin is outperforming both the S&P 500 and the "Magnificent 7" Big Tech stocks this year, with i…
George Glover
3 mins read
Can crypto markets really get any worse? Industry experts say yes – and break down 3 worst-case scenarios for 2023
"Contagion takes a long time to fully play out and we expect that there are still some dominos to f…
Morgan Chittum
1 min read
The disgraced cofounder of failed crypto company Terraform Labs will remain in jail after his bail was reportedly revoked in Montenegro
Do Kwon is facing a charge of allegedly forging a passport after trying to fly from Montenegro to D…
Morgan Chittum
1 min read
FTX creditors' identities will remain under wraps, unlike names of equity holders like Tom Brady, Peter Thiel
A judge in the FTX bankruptcy case agreed to keep the names of the firms' creditors sealed for at l…
Brian Evans
2 mins read
Should FTX users be viewed as creditors or asset owners? The answer could mean the difference between recovering funds or getting short-changed.
Clients with $1.6 billion stuck on FTX want those funds to be considered "custody" assets to obtain…
Brian Evans
2 mins read
Cathie Wood's Ark Invest says bitcoin could hit $1.5 million by 2030, doubling down on its bullishness for the world's largest cryptocurrency
Ark Invest's bull case for bitcoin is $1.48 million, while its base case is $682,800 by 2030.
Morgan Chittum
4 mins read
From TerraUSD's meltdown to the collapse of a $32 billion crypto empire, here is a full timeline of the crypto market's year in 2022
The industry endured a series of collapses, including FTX, algorithmic stablecoin UST, and centrali…
Morgan Chittum
1 min read
Crypto investing is like gambling on horse races and the market was caught in a 'bubble doomed to burst,' ECB's Panetta says
The European Central Bank's Fabio Panetta says crypto "urgently" needs a regulatory crackdown, citi…