Search Results for "celsius"
Investors Sell FTX, Celsius, BlockFi, Voyager
A number of investors who lost money as a result of the recent failures of FTX, Celsius, BlockFi, and Voyager Digital are considering transferring their claims to other parties. Nearly 10,000 claims were posted at the time this article was written, including 9,072 claims on Celsius Network, 93 claims on Voyager, 67 claims on FTX, and 23 claims on BlockFi. It has been alleged that former FTX CEO Sam Bankman-Fried has cashed out a total of $684,000 since he was released on bail.
Creditors, Borrowers, and US Trustee Object to Celsius delaying reorganization plan
Celsius received objections from the unsecured creditors committee, Withhold account holders, the U.S. Trustee, and borrowers to extend the restructuring plan deadline.
The Judge Decides Celsius Owns Money In Earn Accounts, Allowing Stablecoin Selling
On January 4, Reuters reported that US investigators had told a court that they were taking assets tied to FTX and its former CEO, Sam Bankman-Fried. The document included 468 million dollars' worth of Robinhood shares, valued 56 million at the time. The report was released a day after a court ordered SBF to stop accessing FTX and Alameda-related bitcoin and assets.
Celsius' Official Creditor Committee Denies Rejected Bids
Celsius Official Committee of Unsecured Creditors attorneys have criticised crypto blogger Tiffany Fong for releasing information about prospective Celsius offers, saying it would hurt negotiations.
Babel Finance Reaches Agreement on Modalities for Repayment of its Loans
Following the halt of its withdrawals amidst its inability to pay its creditors as the crypto market meltdown took a bearish turn in the past few days, Babel Finance has announced measures to ease off its immediate operational burdens.
Due To Rising Legal Bills, Celsius Wants To Extend The Claims Deadline
Celsius made the announcement that it will try to push out the date by which claims need to be submitted from January 3 to the beginning of February. The application is scheduled to be heard by the bankruptcy court on January 10th. As of the 29th of December, more than 17,200 claims had been submitted by Celsius' creditors. The total amount of money that had been paid out in legal and other professional expenses related to the bankruptcy case had already reached 53 million dollars.
Crypto Lender Celsius Raises $400M as Investors Shun Regulatory Crackdowns
Kentucky-based digital asset lending platform Celsius Network has announced its latest $400 million fundraisers as led by WestCap and CDPQ.
Celsius Says Bitcoin Mining Key to Restructuring Efforts, Repaying Debts
Celsius Network received approval from a U.S. bankruptcy judge to spend $3.7 million in construction costs at a new bitcoin mining facility to generate 'revenue' to repay their creditors.
BitBoy Crypto to Launch Class Action Lawsuit Against Celsius
BitBoy Crypto is taking the cessation of withdrawals by crypto lending platform Celsius more personally and has threatened to file a class-action lawsuit against the embattled lender.
Bhutan Sovereign Investment Fund Invests Millions in Crypto
The sovereign investment arm of Bhutan, estimated to manage around $2.9 billion in assets, has invested millions in cryptocurrencies without disclosing it to the public. The investments were revealed after crypto firms BlockFi and Celsius filed for bankruptcy in 2022. BlockFi has filed a complaint against Druk Holding and Investments (DHI) to reclaim outstanding assets, alleging that the fund defaulted on its $30 million loan in March.
Zipmex Files for Bankruptcy Protection, Seeking Moratoriums from Third Party Creditors
Singapore-based crypto trading platform Zipmex has filed a moratorium for seeking bankruptcy protection from the local court. Some of its core activities have been suspended.
Crypto Firms Report Funds Tied Up with Shuttered Signature Bank
Crypto firms including Coinbase, Paxos, and Celsius have reported funds tied up with Signature Bank, which was shut down by New York regulators due to concerns about systemic risk. While some firms expect to recover their funds in full, others have disclosed only that they had exposure to the bank. Other firms in the crypto industry have reassured customers that they had no exposure to Signature Bank.