Bankruptcy


Finance

Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy

Ex-CEO Alex Mashinsky and ex-CSO Daniel Leon pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May, before the company suspended all customer withdrawals.

Celsius CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

Finance

Celsius' Crypto Customers Face Big Obstacle in Trying to Claw Back Their Deposits

A change in the corporate structure the bankrupt crypto lender made when it was raising money last year may come under scrutiny.

Will there be a "fresh start" for Celsius's token? (Unsplash, modified by CoinDesk)

Web3

Three Arrows-Backed 'Starry Night' NFT Collection Moved to Gnosis Safe

The bankrupt crypto hedge fund once aimed for a $100M NFT collection, which now may be worth less than $1M.

Starry Night is the name of Three Arrows Capital's NFT collection. (Unsplash)

Policy

Crypto Lender Celsius Co-Founder, Chief Strategy Officer Leon Resigns: Report

Celsius CEO Alex Mashinsky also resigned last week.

Co-founder and now former Celsius Chief Strategy Officer Daniel Leon. (Celsius)

Policy

Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

Mashinsky resigned as CEO on Sept. 27; the company filed for chapter 11 bankruptcy protection in mid July.

Alex Mashinsky, fundador y CEO de Celsius Network, en Consensus 2019. (CoinDesk)

Policy

Crypto Lender Celsius Shouldn't Reopen Custody Withdrawals, US Trustee Says

The office has also requested the judge deny the bankrupt lending platform’s motion to liquidate its $23 million in stablecoin holdings.

(Unsplash/modified by CoinDesk)

Finance

Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment

The money is collateral posted against a loan Celsius took from the company and which Equities First was unable to repay.

Alex Mashinsky, fundador y CEO de Celsius Network, en Consensus 2019. (CoinDesk)

Policy

Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales

Celsius had asked for permission to sell millions in stablecoins to fund itself, but Texas is arguing the bankruptcy court should reject the request.

Alex Mashinsky, fundador y CEO de Celsius Network, en Consensus 2019. (CoinDesk)

Finance

FTX Wins Bid to Buy Crypto Lender Voyager Digital's Assets Out of Bankruptcy

FTX US's bid is valued at approximately $1.4 billion, according to a Voyager press release late Monday Eastern time.

FTX CEO Sam Bankman-Fried (Alex Wong/Getty Images)

Finance

CFO of Insolvent Crypto Lender Voyager Resigns

Ashwin Prithipaul joined Voyager Digital as its chief financial officer in May of this year.

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