Bankruptcy
Founders Are Excited for Regulators to 'Put a Stronger Stake in the Ground': Two Sigma Ventures Exec
Two Sigma Ventures Principal Andy Kangpan discusses how the collapse of Terra and the subsequent bankruptcies of Three Arrows Capital and Celsius Network affected the conversations around regulation and compliance. Plus, what founders are looking for from regulators. He joins "First Mover" live from CoinDesk I.D.E.A.S. in New York.
Bankrupt Crypto Lender Voyager Plans to Settle CEO, CFO Negligence Claims Related to Three Arrows Loans
An internal probe found that risky loans made to 3AC were based on minimal financial disclosures from the hedge fund.
Three Arrows Liquidators Seek to Subpoena Co-Founders Zhu and Davies by Alternate Means
With the co-founders’ locations unknown, the liquidators are applying to serve them subpoenas via their email addresses, Twitter accounts and their attorneys’ email addresses.
Voyager Digital's Creditors Push Back Against Plans to Provide Execs With Legal Immunity
Court filings revealed that Voyager executives have attempted to bake broad releases protecting themselves from future lawsuits into their sale agreement with FTX US.
Crypto Miner Core Scientific Will Defend its Interests in Celsius Bankruptcy
Core Scientific provides hosting services to Celsius Mining, for which it claims to be owed around $5.4 million.
Former CEO of Bankrupt Crypto Lender Celsius Cashes Out $960K in CEL, USDC, Data Shows
Data show that Alex Mashinsky, who resigned as Celsius’ CEO on Sept. 27, continues to move crypto out of wallets while withdrawals are suspended for customers.
Judge Ordered Independent Examiner to Produce Interim Report on Celsius
U.S. bankruptcy Judge Martin Glenn ruled that the independent examiner in crypto lender Celsius Network’s bankruptcy will need to produce an interim report detailing Celsius’ financial management and handling of customer accounts. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the ruling.
Independent Examiner Ordered to Produce Interim Report About Crypto Lender Celsius
The report’s findings may affect the court’s decisions about custodial accounts and preference claims.
Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy
Crypto lender Celsius Network’s bankruptcy case is entering a new phase where shareholders will be pitted against the firm’s beleaguered customers. This comes as court records show Celsius’ top executives withdrew a little over $17 million in cryptocurrency between May and June 2022, right before the company suspended withdrawals and filed for bankruptcy.