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Bankrupt Crypto Lender Celsius Network Pursues New Buyer Despite Existing Offer – What's Going On?
9.3.2023
The bankrupt cryptocurrency lender, Celsius Network, is reportedly pursuing more bids and exploring new buyers despite having an offer on the table.
During a bankruptcy court hearing in Manhattan, Celsius attorney Chris Koenig said the company remains open to better offers, per a report by...
Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC
8.3.2023
Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court...
Crypto Lender Celsius Should Continue Exclusive Right to Pursue Novawulf Deal, Judge Says
8.3.2023
Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said
Troubled Crypto Lender Babel Finance Eyes Restructuring with Stable Asset Project – How Does it Work?
6.3.2023
The troubled crypto lending firm Babel Finance is working on a new plan to raise money through a crypto-backed stablecoin.
The new stablecoin that is being proposed is called Babel Recovery Coin. The plan is for the coin to maintain a $1 price in the market through a system of trading incentives...
Bankrupt Crypto Lender Celsius Re-Opens Withdrawals for Certain Custody Accounts
3.3.2023
Celsius paused withdrawals last June, citing extreme market conditions
Nexo Crypto Lender Resolves Multistate Lawsuit with $22.5M Settlement – Here's What Happened
1.3.2023
The crypto lender Nexo has resolved a settlement for $22.5 million with multiple US states, after the Ohio Division of Securities became the latest state regulator to join in.
The firm, which is led by Bulgarian entrepreneur Kosta Kantchev, will pay $424,528.30 per jurisdiction that has joined...
Crypto Lender Voyager Received Single-Page Value Statement From Hedge Fund Three Arrows Capital
1.3.2023
Court documents show the level of due diligence carried out by Voyager Digital with regard to its investment in 3AC
Crypto Lender Voyager Says Majority of Customers Voted for Restructuring Plan With Binance US
1.3.2023
Crypto lender Voyager Digital Holdings, which filed for bankruptcy last year, said Tuesday night that 97% of its customers, representing 98% of total claims, voted in favor of a chapter 11 restructuring plan which will see Binance US acquire some of its assets
Ohio Joins $22.5M Multistate Settlement Against Crypto Lender Nexo
28.2.2023
The North American Securities Administrators Association and the U.S. Securities Exchange Commission already announced in January that a settlement had been reached
Crypto Lender Vauld Gets Further Extension for Restructuring Plan
27.2.2023
Vauld now has until March 24 to present its restructuring plan. Its existing legal protection from its creditors expires on Feb. 28
Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
16.2.2023
Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit...
Bankrupt Crypto Lender Celsius Finds a Buyer for Platform to Restart Operations – Here's the Latest
16.2.2023
Digital asset investment firm Novawulf Digital Management has reached a deal with crypto lender Celsius to buy its lending operations and help bring an end to its bankruptcy case.
Debtors of Celsius Network have presented the sale plan to the U.S. Bankruptcy Court of the Southern District of...
Crypto Lender Nexo Stopped EIP for US Clients on Feb. 10
13.2.2023
Last month, Nexo paid a $22.5 million fine to the SEC for failing to register the offer and sale of EIP
Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry
11.2.2023
During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put...
Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers
10.2.2023
The company joins Core Scientific in trying to offload the assets before expiry, and will use the funds to repay creditors
Bankrupt Crypto Lender BlockFi Takes Two-Thirds Haircut to Settle Bitcoin Miner Bitfarms' Debt
9.2.2023
The miner had recently warned it might stop paying off the debt to BlockFi
Crypto lender SALT makes comeback with $64.4 million funding
9.2.2023
The crypto lender froze withdrawals in mid November. It will resume operations in Q1 2023 buoyed by a Series A recapitalization
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
7.2.2023
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures...
Crypto Lender SALT Raises $64.4M to Resume Operations
7.2.2023
The crypto lender paused operations after the collapse of crypto exchange FTX
Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax
4.2.2023
Binance has returned to the South Korean cryptocurrency market after two years with a “meaningful” investment in a local, licensed crypto exchange. Gopax fell into trouble following the collapse of crypto exchange FTX and the bankruptcy filing of crypto lender Genesis Global. Binance...