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3232Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
https://www.digit.info/celsius-stories-littered-with-people-familiar-with-the-matter-sources-report-claims-lender-struggles-with-arguments-over-bankruptcy/
Tue, 28 Jun 2022 16:36:35 +0000https://www.digit.info/2022/06/28/celsius-stories-littered-with-people-familiar-with-the-matter-sources-report-claims-lender-struggles-with-arguments-over-bankruptcy/Read more]]>The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly the company’s management has been arguing with its lawyers over whether or not […]
]]>Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice
https://www.digit.info/report-goldman-sachs-looks-to-buy-distressed-assets-from-celsius-crypto-lender-seeks-restructuring-advice/
Sat, 25 Jun 2022 19:30:34 +0000https://www.digit.info/2022/06/25/report-goldman-sachs-looks-to-buy-distressed-assets-from-celsius-crypto-lender-seeks-restructuring-advice/Read more]]>After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire the bankruptcy and restructuring law firm Akin Gump […]
]]>Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD
https://www.digit.info/tron-dao-reserve-acquires-millions-in-trx-bitcoin-and-tether-to-safeguard-usdd/
Sun, 15 May 2022 22:30:26 +0000https://www.digit.info/2022/05/15/tron-dao-reserve-acquires-millions-in-trx-bitcoin-and-tether-to-safeguard-usdd/Read more]]>Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project’s reserves. In addition to the tron purchases, […]