Crypto Lender Bankruptcy
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Celsius Founder, Former CEO Arrested Over Fraud Charges as SEC Sues Crypto Firm
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts while Celsius' former chief revenue officer, Roni C...
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Bankrupt Crypto Lender Voyager Digital Hopeful to Provide 35 Percent Customer Payout
Crypto lender Voyager Digital said Wednesday that customers will recover about 35 percent of their cryptocurrency deposits as the company winds down its operations after a failed buyout attempt by crypto exchange Binance.US. US Bankruptcy Judge Michael Wiles approved Voyager's proposed liquidation plan at a court hearing in Manhattan on Wednesday.
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FTX Sues Voyager Digital as One Bankrupt Firm Seeks to Claw Back $446 Million in Loan Payments From Another
FTX, the crypto exchange that collapsed last year, has sued bankrupt crypto lender Voyager digital as it seeks to regain millions in loan repayments. The company says loan repayments made last year are eligible to be clawed back and potentially used to repay other FTX creditors, as they were made so close to FTX’s own bankruptcy filing, according...
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Voyager Gains Initial Court Approval for $1 Billion Binance Deal, Responds to National Security Concerns
Voyager, the bankrupt crypto lender on Tuesday said it had received initial court approval for the proposed sale of the firm's assets to Binance. The lender also said that it would address any issues that would lead the US Committee on Foreign Investment in the United States (CFIUS) to oppose the transaction, which it says will allow customers to r...
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Binance's Deal to Acquire Bankrupt Voyager Digital Faces US SEC Objection: All Details
Binance's proposed $1 billion (roughly Rs. 8,250 crore) acquisition of bankrupt cryptocurrency lender Voyager Digital has been opposed by the US Securities and Exchange Commission (SEC), according to bankruptcy court filings. The regulator said the purchase agreement lacks details on the crypto exchange's ability to close the deal, asking for more ...
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Binance’s Acquisition of Voyager Digital Could Be Delayed by US Review
Binance's $1 billion (roughly Rs. 8,275 crore) acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a US national security review, according to a Friday bankruptcy court filing. Binance is owned by Chinese-born and Singapore-based Changpeng Zhao and has no permanent headquarters.
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BlockFi Files for Bankruptcy in the US, Cites Exposure to FTX Amid Crypto Meltdown
BlockFi on Monday filed for Chapter 11 bankruptcy protection in the US, as the crypto lender said it was exposed to FTX's collapse earlier this month. The lender also sued a holding company for former FTX CEO Sam Bankman-Fried, seeking to recover shares in Robinhood. Debtors do not face the myriad issues apparently facing FTX, despite exposure to t...
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Bankrupt Crypto Lender Celsius Sets Bar Date on January 3rd 2023 After Court Approval
Celsius, the bankrupt crypto lender has received approval for the bar date on January 3, 2023. The bar date is the deadline for the Celsius customer to file the claim for the entities they held until July 13. That is before the date, the network went into bankruptcy.
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Cryptocurrency Lender Genesis Says No Immediate Plans To File For Bankruptcy
Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions.
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FTX Aftermath: US Federal Reserve's Top Regulator Urges 'Guardrails' for Cryptocurrencies
Michael Barr, the US Federal Reserve's vice chair for supervision, on Monday urged the US Congress to pass legislation to regulate cryptocurrencies. The regulator's comments come after FTX, the third-largest cryptocurrency exchange, formerly led by Sam Bankman-Fried, filed for bankruptcy Friday, sending ripples throughout the crypto world.
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Celsius CEO Steps Down Amid Bankruptcy Proceedings
Celsius Network said on Tuesday Chief Executive Officer Alex Mashinsky has decided to step down and the bankrupt crypto lender appointed finance chief Chris Ferraro as its interim CEO.
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Bankrupt Crypto Lender Voyager's CFO To Exit Months After Appointment
Voyager Digital Ltd Chief Financial Officer Ashwin Prithipaul is preparing to step down from his role within months of his appointment at the crypto lender that filed for bankruptcy in July.
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Celsius Gets Clearance From Court to Sell Newly Mined Bitcoin Despite DOJ Objection
Bankrupt cryptocurrency lender Celsius Network, which disclosed earlier this week that it was running low on cash reserves, said it has received several proposals to inject cash into the company and won approval from a US judge to sell Bitcoin that it mines.
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Ripple Labs Interested In Bankrupt Crypto Lender Celsius' Assets
Ripple Labs Inc, which is embroiled in a high-profile battle with the US securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network.
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Ripple Shows Interest in Troubled Crypto Lender Celsius' Assets, May Acquire It
Ripple Labs, the San Francisco-based blockchain company, is interested in acquiring the distressed assets of beleaguered cryptocurrency lender Celsius. The company asked the court to be represented in the ongoing bankruptcy proceedings, filings indicate.
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Celsius Founder, Former CEO Arrested Over Fraud Charges as SEC Sues Crypto Firm
Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a US prosecutor in New York said Thursday morning, as three federal regulatory agencies sued him and his company. Mashinsky, 57, was charged with seven criminal counts while Celsius' former chief revenue officer, Roni C...
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Bankrupt Crypto Lender Voyager Digital Hopeful to Provide 35 Percent Customer Payout
Crypto lender Voyager Digital said Wednesday that customers will recover about 35 percent of their cryptocurrency deposits as the company winds down its operations after a failed buyout attempt by crypto exchange Binance.US. US Bankruptcy Judge Michael Wiles approved Voyager's proposed liquidation plan at a court hearing in Manhattan on Wednesday.
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FTX Sues Voyager Digital as One Bankrupt Firm Seeks to Claw Back $446 Million in Loan Payments From Another
FTX, the crypto exchange that collapsed last year, has sued bankrupt crypto lender Voyager digital as it seeks to regain millions in loan repayments. The company says loan repayments made last year are eligible to be clawed back and potentially used to repay other FTX creditors, as they were made so close to FTX’s own bankruptcy filing, according...
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Voyager Gains Initial Court Approval for $1 Billion Binance Deal, Responds to National Security Concerns
Voyager, the bankrupt crypto lender on Tuesday said it had received initial court approval for the proposed sale of the firm's assets to Binance. The lender also said that it would address any issues that would lead the US Committee on Foreign Investment in the United States (CFIUS) to oppose the transaction, which it says will allow customers to r...
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Binance's Deal to Acquire Bankrupt Voyager Digital Faces US SEC Objection: All Details
Binance's proposed $1 billion (roughly Rs. 8,250 crore) acquisition of bankrupt cryptocurrency lender Voyager Digital has been opposed by the US Securities and Exchange Commission (SEC), according to bankruptcy court filings. The regulator said the purchase agreement lacks details on the crypto exchange's ability to close the deal, asking for more ...
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Binance’s Acquisition of Voyager Digital Could Be Delayed by US Review
Binance's $1 billion (roughly Rs. 8,275 crore) acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a US national security review, according to a Friday bankruptcy court filing. Binance is owned by Chinese-born and Singapore-based Changpeng Zhao and has no permanent headquarters.
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BlockFi Files for Bankruptcy in the US, Cites Exposure to FTX Amid Crypto Meltdown
BlockFi on Monday filed for Chapter 11 bankruptcy protection in the US, as the crypto lender said it was exposed to FTX's collapse earlier this month. The lender also sued a holding company for former FTX CEO Sam Bankman-Fried, seeking to recover shares in Robinhood. Debtors do not face the myriad issues apparently facing FTX, despite exposure to t...
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Bankrupt Crypto Lender Celsius Sets Bar Date on January 3rd 2023 After Court Approval
Celsius, the bankrupt crypto lender has received approval for the bar date on January 3, 2023. The bar date is the deadline for the Celsius customer to file the claim for the entities they held until July 13. That is before the date, the network went into bankruptcy.
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Cryptocurrency Lender Genesis Says No Immediate Plans To File For Bankruptcy
Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions.
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FTX Aftermath: US Federal Reserve's Top Regulator Urges 'Guardrails' for Cryptocurrencies
Michael Barr, the US Federal Reserve's vice chair for supervision, on Monday urged the US Congress to pass legislation to regulate cryptocurrencies. The regulator's comments come after FTX, the third-largest cryptocurrency exchange, formerly led by Sam Bankman-Fried, filed for bankruptcy Friday, sending ripples throughout the crypto world.
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Celsius CEO Steps Down Amid Bankruptcy Proceedings
Celsius Network said on Tuesday Chief Executive Officer Alex Mashinsky has decided to step down and the bankrupt crypto lender appointed finance chief Chris Ferraro as its interim CEO.
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Bankrupt Crypto Lender Voyager's CFO To Exit Months After Appointment
Voyager Digital Ltd Chief Financial Officer Ashwin Prithipaul is preparing to step down from his role within months of his appointment at the crypto lender that filed for bankruptcy in July.
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Celsius Gets Clearance From Court to Sell Newly Mined Bitcoin Despite DOJ Objection
Bankrupt cryptocurrency lender Celsius Network, which disclosed earlier this week that it was running low on cash reserves, said it has received several proposals to inject cash into the company and won approval from a US judge to sell Bitcoin that it mines.
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Ripple Labs Interested In Bankrupt Crypto Lender Celsius' Assets
Ripple Labs Inc, which is embroiled in a high-profile battle with the US securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network.
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Ripple Shows Interest in Troubled Crypto Lender Celsius' Assets, May Acquire It
Ripple Labs, the San Francisco-based blockchain company, is interested in acquiring the distressed assets of beleaguered cryptocurrency lender Celsius. The company asked the court to be represented in the ongoing bankruptcy proceedings, filings indicate.
