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Celsius has finally filed for bankruptcy: Law Decoded, July 18-25
18.7.2022
A crypto lending platform still hopes to stay afloat, but experts doubt such probability
Ex-CFTC Chairman Discusses Celsius' Bankruptcy and CBDC Adoption
18.7.2022
The former Commodity Futures Trading Commission chief joined CoinDesk TV’s “First Mover” to discuss why the bankruptcy of lender Celsius Network could set legal precedent in future crypto hearings and why the likelihood of CBDC adoption worldwide could be based on Chinese technology
Celsius Bankruptcy Filings Hint Retail Customers Will Bear Brunt of its Failure
18.7.2022
Liquidity-strapped crypto lender Celsius Network filed for Chapter 11 bankruptcy protection in the Southern District of New York on Wednesday, more than a month after it halted customer withdrawals because of “extreme market conditions.”
Celsius Outlines Next Steps as Bankruptcy Proceedings Begin
18.7.2022
Celsius Network has produced a first day presentation outlining its next steps ahead of Monday's bankruptcy proceedings at the Southern District of New York court
Report: Equitiesfirst Named as Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender
17.7.2022
Ever since Celsius paused withdrawals on June 12, the company has been the focus of attention due to the lender’s financial hardships. A month later, Celsius filed for bankruptcy in the U.S. by leveraging the Chapter 11 process. Two days after the bankruptcy filing, a report disclosed that...
Crypto Biz: 3AC’s founders are nowhere to be found
15.7.2022
Liquidators don't know the whereabouts of Kyle Davies and Su Zhu. Meanwhile, Grayscale's legal officer says the asset manager's lawsuit against the SEC could take a while to play out
Three Arrows Liquidators Ask Singapore Court to Recognize Company's BVI Bankruptcy: Straits Times
15.7.2022
Media in Singapore are reporting that Three Arrows’ liquidators are working to get Singaporean courts to recognize the British Virgin Islands (BVI) liquidation order
CEL Jumps While Celsius’ Bankruptcy Protection Filing Reveals a Billion-Dollar Hole in Balance Sheet
15.7.2022
More troubling news is coming out regarding Celsius (CEL), as its so-called Chapter 11 bankruptcy protection filing on July 14 has revealed a deficit of close to USD 1.2bn for the crypto lender.
According to a new document filed with the U.S. Bankruptcy Court of the Southern District of New York...
Celsius bankruptcy filings show a company in deep trouble
15.7.2022
The bankrupt CeFi crypto lender is about $1.2 billion in deficit, with the majority of its liabilities being customer deposits some believe they may not be required to give back
Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters
14.7.2022
During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed for Chapter 11 bankruptcy, CEL was exchanging hands for $0.961 per unit. Following the news that the company filed...
Bitcoin Mining Rig Prices Slump to Near 2-Year Lows Amid Celsius Bankruptcy
14.7.2022
Celsius’ mining unit said to have auctioned off some of its newly purchased mining rigs at low-high $20/TH price back in June, before filing for bankruptcy
Celsius Network 'Could Stick Around' After Bankruptcy, Restructuring Expert Says
14.7.2022
Ryan Preston Dahl, a partner at Ropes & Gray, joined CoinDesk TV’s “First Mover” to discuss the crypto lender’s bankruptcy filing
Analysts See Recovery for CEL Tokens Despite Celsius Bankruptcy
14.7.2022
CEL was down more than 10% in the past 24 hours, but some see a “fresh start” for the tokens
BTC Shows Resilience Despite Widespread Risk Aversion and Celsius' Bankruptcy Filing
14.7.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for July 14, 2022
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’
14.7.2022
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 recently filed for bankruptcy protection: Voyager Digital and Three Arrows Capital (3AC)....
Celsius' Mining Unit Files for Bankruptcy Just Months After Announcing IPO Intention
14.7.2022
The mining unit filed for bankruptcy just few months after it said it intends to go public
Celsius vows to return from bankruptcy but expert fears repeat of Mt Gox
14.7.2022
The company says it’s planning to continue operations throughout the restructuring process, though withdrawals will continue to be paused at this time
BREAKING: Celsius reportedly filing for bankruptcy 'imminently'
14.7.2022
An unnamed source told CNBC that the company plans to file the bankruptcy paperwork "imminently."
Celsius Starting Bankruptcy Proceedings: Report
14.7.2022
Crtypo lender's lawyers are notifying state regulators, source tells CNBC
US Bankruptcy Judge Freezes Crypto Hedge Fund Three Arrows Capital’s Assets
13.7.2022
A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidators that are controlling the debtor’s assets at this stage.” Bankruptcy Judge...