Bankruptcy


Видео

Bankrupt Crypto Lender Celsius Resumes Withdrawals for Certain Custody Accounts

Bankrupt crypto lender Celsius Network is allowing withdrawals of assets in certain custody accounts. Eligible users will be able to withdraw all the funds in their accounts up to a certain limit, the company said in an earlier blog post. "The Hash" panel discusses the latest in the downfall of Celsius Network.

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Видео

U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody

U.S. Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.) are questioning government policies controlling how financial firms handle their accounting for cryptocurrency. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down their letter to the regulators. Plus, the latest on Voyager's bankruptcy hearings.

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Политика

Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts

The firm paused withdrawals last June, citing extreme market conditions.

Celsius Network is now allowing withdrawals from some accounts after freezing the accounts last June. (Unsplash)

Политика

FTX Has ‘Massive Shortfall’ in Assets, Say Bankruptcy Lawyers

So far, $2.2 billion in assets have been identified in the wallets of accounts associated with FTX.com, of which only $694 million are in the most liquid assets.

John J. Ray III, CEO of FTX Group (Nathan Howard/Getty Images)

Финансы

Bitcoin Miners Are Starting to Emerge From Brutal Crypto Winter

After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.

(DALL-E/CoinDesk)

Политика

Voyager Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance.US Deal

Judge Michael Wiles gave short shrift to idea that VGX token could be unregistered security .

Voyager's bankrupcy has left creditors in the lurch. (Danny Nelson/CoinDesk)

Финансы

Core Scientific Bankruptcy Approves $70M Financing Deal From B. Riley

The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.

Core Scientific facility in North Carolina. (Core Scientific)

Видео

Mt. Gox Bankruptcy Repayments Not Likely To Destabilize Bitcoin: UBS

Creditors of crypto exchange Mt. Gox are about to recover some of their funds following a 10-year liquidation process, but concerns that large amounts of bitcoin (BTC) will be released onto the market are overdone, UBS said in a report Monday. 507 Capital Managing Partner and Mt. Gox creditor Thomas Braziel discusses the "rehabilitation plan" and why most people will be holding onto their BTC. Plus, his take on the Three Arrows Capital founders' bankruptcy claims exchange rollout and the Binance US-Voyager deal.

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Рынки

Mt. Gox Bankruptcy Repayments Unlikely to Destabilize Bitcoin: UBS

Early adopters are likely to have remained crypto believers, and so they will choose to be paid in bitcoin and keep it, a report from the firm said.

(Shutterstock)

Финансы

Voyager Digital's Reward Program Lost $58M in 2022: Court Filing

Rewards program included high-yield interest accounts, a refer-a-friend scheme and a mechanism to share in the spread of trades should they execute at a lower asking price.

Right after Voyager CEO Stephen Ehrlich received a letter this week from U.S. regulators accusing his company of misleading customers, the FDIC issued a broader warning to banks to not let it happen again. (Joe Raedle/Getty Images)