Bankruptcy


Finance

Crypto Lending Company Celsius Files for Permission to Sell Its Stablecoin Holdings

The bankrupt company currently owns 11 forms of stablecoins totaling approximately $23 million, according to disclosures.

Celsius Network founder and CEO Alex Mashinsky (CoinDesk)

Finance

FTX Is in the Lead to Buy Crypto Lender Voyager Digital’s Assets Out of Bankruptcy: Source

Voyager’s collapse shocked crypto markets earlier this year. It’s close to finding a buyer for its assets.

FTX CEO Sam Bankman-Fried (Craig Barritt/Getty Images)

Policy

Judge Approves Use of Independent Examiner in Crypto Lender Celsius' Bankruptcy Case

The examiner will be appointed by the U.S. Trustee's office, a Department of Justice entity tasked with monitoring bankruptcies.

Alex Mashinsky, founder and CEO of Celsius Network, at Consensus 2019 in New York (CoinDesk)

Policy

FTC Moves to Join Crypto Lender Celsius’ Bankruptcy Case

The Federal Trade Commission also requested a copy of all relevant documents.

Federal Trade Commission (Shutterstock)

Videos

White House Report Calls for Crypto Mining Standard to Reduce Energy Usage

The White House Office of Science and Technology Policy called for the U.S. to conduct further research on the energy impact of crypto mining in order to set standards for the industry. CoinDesk’s Global Policy & Regulation Managing Editor Nikhilesh De breaks down the report and what this means for the upcoming Ethereum Merge.

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Policy

Celsius, Creditors Agree to Independent Government Probe, Call for Narrowed Scope

The U.S. Trustee's office called for an independent examiner last month.

Celsius CEO Alex Mashinsky

Policy

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.

(Shutterstock)

Videos

Bernstein: Bitcoin Underperforming Against Rivals; Vermont Regulator Alleges Celsius Misled Investors

Investment firm Bernstein wrote Tuesday that bitcoin (BTC)’s correlation with other tokens will weaken as its dominance declines. Vermont authorities allege crypto lender Celsius Network misled investors about its financial health.

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Finance

Crypto Lender Voyager to Auction Off Assets on Sept. 13

The firm will liquidate its assets via auction as it moves through the bankruptcy process. 

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)

Policy

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."

Celsius CEO Alex Mashinsky (CoinDesk archives)