Bankruptcy


Finanzas

Failed Crypto Lender Celsius Fires Back, Accusing Ex-Employee of Fraud

KeyFi founder and CEO Jason Stone has previously filed suit against Celsius, accusing his former employer of market manipulation, among other charges.

Celsius has filed a countersuit against an ex-employee. (Unsplash, modified by CoinDesk)

Regulación

No Safety Net From Crypto Collapses, German Regulator Warns

The financial regulatory authority for Germany, BaFin, has toughened warnings about consumers potentially losing all their crypto investments, unlike holdings with regulated banks.

Germany's regulator has toughened its crypto warning (Hiroshi Higuchi/Getty Images)

Finanzas

Celsius Depositors Fracture Again on Legal Strategy as 'Withhold' Group Lawyers Up

Some U.S.-based customers whose funds ended up frozen in holding accounts have hired a partner at Troutman Pepper to get access to their funds.

More claimants are turning up the heat on Celsius. (Unsplash)

Regulación

Voyager Customers Say No to 'Retention' Bonuses for Employees of Bankrupt Crypto Lender

Voyager wanted $1.9 million to pay bonuses to 38 employees it called "essential" to its continued operation.

Voyager CEO Steve Ehrlich at Consensus 2019. (CoinDesk)

Regulación

Bankrupt Lender Celsius CEO Owes Creditors Transparency, Crypto Lawyer Says

If Alex Mashinsky was “being transparent,” there would be “no need to pull in an independent examiner," said Sasha Hodder, founder of Hodder Law Firm, on CoinDesk TV's "First Mover."

“If [Mashinky] was being transparent, they would not have a need to pull in an independent examiner,” Sasha Hodder, founder of Hodder Law Firm, said on CoinDesk TV’s “First Mover.”  (CoinDesk TV, modified by CoinDesk)

Vídeos

Celsius CEO Alex Mashinsky Owes Transparency to Creditors, Says Legal Expert

Hodder Law Firm Founder Sasha Hodder discusses crypto lender Celsius Network’s Chapter 11 bankruptcy proceedings and the “need” for CEO Alex Mashinsky to clarify what the firm owes to its creditors. “Mashinsky hasn’t provided the transparency that, really, he owes everyone,” Hodder said. “We need more transparency.”

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Finanzas

Bankrupt Crypto Lender Celsius Now Says It Likely Has Enough Cash to Last Through End of Year

The chief financial officer said during a bankruptcy hearing the company will receive additional funds via maturing loans, and sales and use tax savings.

Celsius participated in a call with its creditors on Friday. (Unsplash)

Vídeos

DOJ Calls for Examiner to Probe Bankrupt Crypto Lender Celsius

The U.S. Trustee office, which oversees bankruptcy matters, said an independent probe into Celsius' financials is needed to address "significant transparency issues" in the crypto lender's bankruptcy case, according to a court filing Thursday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.

Recent Videos

Vídeos

DOJ Calls for Independent Examiner in Celsius Bankruptcy Case

The U.S. Trustee office overseeing Celsius’ bankruptcy proceedings has asked that an independent examiner be appointed to look into the crypto lender’s collapse into bankruptcy. Hodder Law Firm Founder Sasha Hodder discusses the legal implications of the Celsius case and the potential concerns with CEO Alex Mashinsky.

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Regulación

Crypto Lender Celsius' Collapse Into Bankruptcy Should Be Probed, US Says

Some of the highest-profile and controversial bankruptcies in history, including Enron's and Lehman Brothers', have included the appointment of an independent examiner.

Celsius founder and CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)