Bankruptcy


Finance

Zipmex Crypto Exchange Gets Over 3 Months of Creditor Protection in Singapore: Report

The city-state's High Court granted Zipmex protection from creditors until Dec. 2 to give the exchange time come up with a funding plan.

Singapore Skyline (Swapnil Bapat/Unsplash)

Finance

Ripple Labs Weighs Buying Crypto Lender Celsius’ Assets: Report

The blockchain payment company is the latest to consider purchasing the assets of the bankrupt lender.

Ripple Labs maintains XRP. (Ripple Labs)

Markets

Celsius CEO Cashed in After Bankrupt Crypto Lender's Token Surged

This is the first time the address attributed to co-founder Alex Mashinsky was used since the company froze withdrawals and entered bankruptcy.

(Piaras Ó Mídheach/Web Summit via Sportsfile)

Markets

Bankrupt Lender Celsius’ Token Surges on Twitter-Driven Short Squeeze

CEL has gained about 300% since Celsius filed for bankruptcy last month.

Celsius' CEL token surged as high as $1.63 Monday. (CoinDesk)

Finance

Crypto Lender Voyager Digital to Reopen Cash Withdrawals Next Week

The company, which is undergoing bankruptcy proceedings, received court approval for the $270 million plan on Thursday.

Voyager Digital CEO Steve Ehrlich gives a thumbs-up at Bitcoin Miami in April of 2022. (Danny Nelson/CoinDesk)

Finance

Celsius Network Custody Clients Tap Lawyer to Reclaim $180M

The account holders represent 4% of the assets locked up at the bankrupt crypto lender.

(Unsplash, Modified by CoinDesk)

Finance

Zipmex Files for Bankruptcy Protection in Singapore

The company's lawyers filed five applications on behalf of the firm's different entities seeking moratoriums on legal proceedings for up to six months.

Zipmex filed for bankruptcy protection in Singapore. (Gerd Altmann/Pixabay)

Layer 2

Sky-High Yields and Bright Red Flags: How Alex Mashinsky Went From Bashing Banks to Bankrupting Celsius

How could Celsius Network pose “much less risk” than banks, as its CEO claimed, but pay eye-popping returns? It sounded too good to be true. There were other warning signs from the start.

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

Finance

Crypto Lender Celsius Files to Retain Former CFO to Advise on Bankruptcy Proceedings

Rod Bolger resigned from Celsius in June, two weeks before the company filed for Chapter 11 protection.

Celsius outlines next steps. (PhotonBlast/Unsplash)

Finance

What Happens to Celsius Creditors if Crypto Prices Recover?

Legal experts survey the undiscovered country that awaits customers of the bankrupt cryptocurrency lending platform.

Celsius thermometer (Unsplash/Modified by CoinDesk)