Celsius Network is bankrupt, so why is CEL price up 4,000% in two months?
Takeover rumors and an ongoing short squeeze help CEL price rally but is there enough momentum for more upside? Go to Source Powered by WPeMatico
Bankruptcy
Auto Added by WPeMatico
German Crypto Exchange Nuri Files for Insolvency
Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform’s services and their funds will not be affected, the company assured. Crypto Exchange Cites ‘Lasting Strain on Liquidity’ as Reason for Insolvency Filing Berlin-based crypto … Read more
Voyager Digital reportedly had deep ties with SBF-owned Alameda Research
Financial documents of Voyager revealed that they lent nearly $1.6 billion in crypto loans to an entity registered in the British Virgin Islands, the same place Alameda is registered. Go to Source Powered by WPeMatico
Voyager plans to resume cash withdrawals on Aug. 11
The lending firm said clients with U.S. dollars in their accounts could withdraw up to $100,000 in a 24-hour period, with the funds received in 5-10 business days. Go to Source Powered by WPeMatico
Zipmex gradually resuming Z Wallet withdrawals, says debt moratorium is not bankruptcy
The Asian cryptocurrency exchange was impacted by the Celsius and Babel Finance defaults but is working with investors to resolve the situation. Go to Source Powered by WPeMatico
Fed demands Voyager remove ‘false’ claims deposits are FDIC insured
The Fed and FDIC allege that Voyager “made various representations online” that its funds were FDIC insured. Go to Source Powered by WPeMatico
After weeks of rumors, Thai crypto exchange Zipmex files for bankruptcy in Singapore
It appears the firm’s fortune took a turn to the worst via its exposure to troubled crypto lending service Babel Finance. Go to Source Powered by WPeMatico
FTX proposes a way to give Voyager Digital clients some of their digital assets back early
FTX is proposing to buy out all Voyager Digital digital assets and digital asset loans, except loans to Three Arrows Capital, which would remain Voyager Digital’s problem. Go to Source Powered by WPeMatico
Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’
This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not disclose their whereabouts, but a lawyer who monitored the interview noted the duo is located in the United Arab Emirates. Zhu said … Read more
Crypto lender Vauld seeks protection against creditors: Report
The crypto exchange, which is backed by Peter Thiel and Coinbase, halted withdrawals in July following an apparent run on its assets. Go to Source Powered by WPeMatico
