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FTX US was the successful bidder in the Voyager auction. But, one industry insider tells Cointelegraph that the deal didn’t have depositors’ best interest in mind. Go to Source Powered by WPeMatico
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas filed objections to the crypto lender accessing the company’s stablecoin cache. 15 days prior … Read more
According to the Los Angeles management firm, “better bids were on the table” for depositors and the community. Go to Source Powered by WPeMatico
On Tuesday, September 27, 2022, Celsius Network CEO Alex Mashinsky submitted a letter of resignation from the company. Mashinsky added that he still plans to help the embattled crypto lender “achieve a successful reorganization.” Alex Mashinsky Resigns From Embattled Celsius — Founder Apologizes for the ‘Difficult Financial Circumstances’ After Celsius paused withdrawals on June 12, … Read more
Voyager hints that its customers will eventually transition to the FTX platform after it finishes its chapter 11 bankruptcy proceedings. Go to Source Powered by WPeMatico
According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak, a Southern District of New York bankruptcy judge appointed a third-party examiner to review the company’s finances. Celsius is also attempting to sell a stash … Read more
The CEL price rally could fizzle out due to prevailing Celsius issues, including its bankruptcy. Go to Source Powered by WPeMatico
Zhu, whose whereabouts had been unknown for weeks, delivered an affidavit that disputed Teneo claims and elucidated the internal structure of the failed hedge fund. Go to Source Powered by WPeMatico
Voyager Digital will pay $1.9 million in retention bonuses to key staff members to ensure the beleaguered cryptocurrency lender can continue operating through bankruptcy proceedings. Go to Source Powered by WPeMatico
Liquidator Teneo has recovered only a miniscule portion of the Singapore-based Three Arrows Capital so far, while cofounder Zhu has allegedly tried to sell property there. Go to Source Powered by WPeMatico