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Latest from Nikhilesh De
Celsius, Creditors Agree to Independent Government Probe, Call for Narrowed Scope
The U.S. Trustee's office called for an independent examiner last month.
US Government Recovers $30M From Crypto Game Axie Infinity Hack
Hackers stole over $600 million from Axie earlier this year.
White House Calls for Crypto Mining Standards to Minimize Environmental Impact
The report is the first public response to U.S. President Joe Biden's executive order on crypto, and also called for standards to be set to reduce energy usage.
Crypto Engineers, Investors Sue US Treasury Over Tornado Cash Sanctions
The Treasury’s sanctions watchdog, OFAC, exceeded its authority in blacklisting smart contract wallets, six plaintiffs allege in a new suit.
Crypto Doesn't Need More Guidance, SEC Chair Gensler Says
The Securities and Exchange Commission chief said the regulatory agency’s existing rules provide a clear roadmap for crypto companies, despite what they want.
Celsius Crypto Borrowers Call for Bankruptcy Trustee, Oppose US DOJ Move to Appoint Examiner
While a bankruptcy court should appoint an independent examiner to investigate Celsius’ financials, the examiner should not work for the U.S. Trustee’s office, a group of Celsius borrowers said.
A Stablecoin Law May Not Happen This Year
It’s looking less likely that we’ll get stablecoin legislation in the U.S. this year.
Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
"... [A]t least at some points in time, yields to existing investors were probably being paid with the assets of new investors."
Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits
The new withdrawals come a day after Roche filed to withdraw from class-action lawsuits involving Tether, Bitfinex, TRON and BitMEX.
Celsius’ Third Bankruptcy Hearing Yields Little in the Way of Customer Relief
The three-hour hearing was largely spent on a back-and-forth over whether custodial account holders will be able to get their money back.
