Bankruptcy


Finanza

Voyager Kept Taking Buy Orders After Freezing Crypto Transfers; Now, This Trader Is Stuck

“Why did they fill my buy order” after the firm had already shut trading, deposits and withdrawals down? Shaik Taj Baba asked.

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

Finanza

Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year

The extra cash from loan repayments, previously believed to be in stablecoins, means a much needed boost for the cash-strapped lender.

Celsius CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

Video

Legal Expert: Not Enough Money to Go Around Celsius

As a new cashflow statement comes to light in Celsius Network's third bankruptcy hearing, Hodder Law Firm Managing Partner Sasha Hodder says the crypto lender just does not have "enough assets to go around." She adds that this will be particularly damaging for its Earn program customers. Plus, is Celsius still on track to run out of money by October?

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Video

Celsius’ Third Bankruptcy Hearing: Who Should Get Their Money Back?

CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down Celsius’ third bankruptcy hearing on Thursday which focused on whether custodial account holders should be able to get their funds back.

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Video

Mt. Gox to Set Creditor Repayment Date in ‘Due Course’; Celsius Files to Return Custody Clients’ Funds

The distribution of funds to former customers of defunct crypto exchange Mt. Gox will begin on a repayment date to be set in “due course.” Two Georgia-based bitcoin mining facilities used by Compass Mining are closing amid soaring local power costs.

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Politiche

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.

Celsius CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

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Crypto Lender Celsius’ Bankruptcy Case Back in Court as Hearings Continue

CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the latest legal developments surrounding crypto lender Celsius and a preview of today’s hearing in the ongoing bankruptcy proceedings.

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Politiche

Crypto Lender Celsius Files to Return Custody Clients' Funds

Celsius said these funds are not part of the bankruptcy estate, unlike funds from Earn and Borrow clients.

Alex Mashinsky, Founder and CEO of Celsius Network (CoinDesk)

Finanza

Crypto Lender Celsius Faces Another Group of Customers Who Want Their Money Back

More than 60 of Celsius’ custodial-account holders petitioned a bankruptcy court to force the crypto lender to send them their funds back outside of the proceedings.

Celsius CEO Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)

Video

NFT Markets Aren’t Immune to ‘Spooked’ Buyers: Quadency CEO

NFT platform Opensea saw daily trading volume plummet by 98% since its peak. Quadency founder and CEO Rosh Singh says “people are spooked” by the cascading bankruptcies and liquidity crisis in the broader crypto markets.

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