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Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16
16.7.2022
Behind Voyager’s Fall: Crypto Broker Acted Like a Bank, Went Bankrupt
12.7.2022
In an industry where counterparties are tightly bound together by a weave of debt and leverage, dominoes can fall fast and hard
US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance
9.7.2022
The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relationships with Metropolitan Commercial Bank, “all customers’ USD held with Voyager is FDIC...
Crypto Biz: Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars
8.7.2022
As the search for an elusive Bitcoin bottom continues, at least one United States miner was forced to liquidate a portion of its holdings in June
Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms
8.7.2022
During the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining weeks of the month, questions still linger on if this momentum can be maintained, despite the current...
Voyager Files for Bankruptcy Citing Contagion in Crypto Markets, Three Arrows Capital’s Loan Default
6.7.2022
Crypto lender Voyager Digital has filed for Chapter 11 bankruptcy. The company explained that the “prolonged volatility and contagion in the crypto markets” and the default of crypto hedge fund Three Arrows Capital (3AC) on a loan require it “to take deliberate and decisive...
Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice
25.6.2022
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire...
Ripple counsel slams SEC for trying to bulldoze and bankrupt crypto
14.6.2022
“Like a hammer wanting everything to be a nail, the SEC is keeping everything murky so it can argue every crypto is a security,” claims Ripple general counsel Stu Alderoty
Kim Dotcom on the ‘Great Reset,’ Strong Russian Ruble Puzzles Economists, and More — Bitcoin.com News Week in Review
12.6.2022
This week, entrepreneur and activist Kim Dotcom said the “U.S. is beyond bankrupt,” and minced no words about a potential “controlled demolition of global markets.” Meanwhile, American economists are interested in the ruble’s strong performance in spite...
Kim Dotcom Says ‘US Is Beyond Bankrupt,’ Digital Entrepreneur Predicts a ‘Controlled Demolition of Global Markets’
6.6.2022
On June 5, 2022, the entrepreneur and activist known as Kim Dotcom published a post on Twitter and said it “may be the most important thread” he ever makes concerning a major global collapse. In the thread, Dotcom specifically highlights the American economy and he claims...
Former Exchange CEO Mark Karpeles Reveals Plans to Airdrop NFTs to Mt Gox Customers
28.3.2022
The former CEO of the bankrupt bitcoin exchange Mt Gox, Mark Karpeles, announced he has launched a non-fungible token (NFT) project that will give Mt Gox customers registered between 2010 and 2014 an airdropped NFT. The Mt Gox NFTs are ERC721-compatible tokens that claim to provide “specific...
Russia Fails to Act on Request to Help Freeze Millions in Crypto Withdrawn From Wex Wallet
14.11.2021
The Russian Ministry of Interior has rejected a request filed by clients of Wex to do its part in the blocking of crypto funds removed from a wallet controlled by the now-defunct crypto exchange. Over 10,000 ETH have been recently withdrawn from the wallet and transferred to other platforms....
Poland Confirms Arrest of Former Wex Exchange Executive in Warsaw
21.9.2021
Reports of the detention of Dmitry Vasiliev, ex-head of the bankrupt cryptocurrency exchange Wex, have been confirmed by authorities in Poland. The former executive of the platform, allegedly involved in the theft of funds worth millions of dollars, faces possible extradition to Kazakhstan....
Ex-Head оf Wex Crypto Exchange Reportedly Arrested in Poland, Faces Extradition to Kazakhstan
20.9.2021
Dmitry Vasiliev, former chief executive of Russian cryptocurrency exchange Wex, has been detained in Warsaw, the Polish press reported. Vasiliev is wanted in Kazakhstan where he is accused of fraud related to the now defunct trading platform, successor of the infamous BTC-e exchange. Former...
Christine Lagarde: ‘The European Central Bank Cannot Go Bankrupt or Run Out of Money’
24.11.2020
In remarks that highlight flaws of the fiat currency system, the European Central Bank (ECB) president, Christine Lagarde, says the institution cannot go bankrupt even if it incurs losses running into trillions. According to Lagarde, normal bankruptcy rules do not apply to the ECB primarily because...
Bad Loans, Bad Bets, Bad Blood: How Crypto Lender Cred Really Went Bankrupt
12.11.2020
Cred’s bankruptcy filing mainly blames fraud by an outside party. The full picture painted by former employees is more complex, and highlights the risks of the budding crypto lending market
Why Are Execs of Bankrupt Companies Being Rewarded With Millions?
14.7.2020
It’s hard to tell people not to be angry with capitalism when the system is rewarding failure with millions of dollars in bankruptcy bonuses
South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt
7.7.2020
A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states. Willie Breedt is the CEO of the defunct Vaultage Solutions (VS), the company at the center...
CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt
6.7.2020
VaultAge Solutions CEO has been tracked down by South African authorities and angered investors
Blockchain Bites: COMP x2, Reddit Scales and Factom Goes Bankrupt
19.6.2020
The COMP governance token is seeing massive gains and potential listings on Coinbase Pro and CoinFlip, while Reddit looks to scale its Ethereum-based project