Bankruptcy
Voyager: ‘No Customer Will be Made Whole’ Under FTX Proposal
507 Capital Partner Thomas Braziel discusses his take on FTX's proposal to offer early liquidity to customers of crypto lender Voyager, saying their best bet is to "be patient and let the bankruptcy court process run a full auction." Plus, insights into Mt. Gox's bankruptcy case of 2014 and how it differs from Voyager's, citing the benefits of the American court system.
Failed Lender Voyager: ‘No Customer Will Be Made Whole’ Under FTX Proposal
FTX CEO Sam Bankman-Fried said his firm's offer would give Voyager customers back 100% of the remaining assets, while Voyager’s lawyers argue that it only benefits FTX.
Failed Crypto Lender Cred Blames Its Demise on Uphold Exchange in Suit
The 2022 meltdown is not the first time the risks of “centralized DeFi” products have been laid bare.
FTX to Offer Early Liquidity to Customers of Bankrupt Crypto Lender Voyager
The crypto exchange will allow the customers to create accounts funded by an early distribution of a part of their bankruptcy claims.
Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report
The beleaguered duo discussed how one of the most successful crypto funds went from being a prominent trading desk to owing creditors $2.8 billion.
‘A Damaged Brand’: Former Celsius Employee on the Crypto Lender’s Mismanagement and Alleged Token Manipulation
Timothy Cradle, former compliance and financial crimes director at crypto lender Celsius Network, joined CoinDesk TV’s “First Mover” to discuss the platform’s alleged questionable practices.
Coinbase Had No Financial Exposure to Troubled Celsius, Three Arrows Capital, Voyager
The crypto exchange said it hasn't been hurt by the crypto companies that are all seeking bankruptcy protection.
Court Documents Indicate a Connection Between TPS Capital, Three Arrows
TPS Capital claims that it is independent of Three Arrows Capital (3AC), but legal disclosures as part of bankruptcy proceedings show a web of transactions and familiar faces between the two firms. “The Hash” discusses the latest in 3AC’s fallout.
Report Reveals Behind-the-Scenes Concerns at Celsius Before Bankruptcy Filing
According to an investigation by CNBC, trouble at crypto lender Celsius has been brewing for years before the company filed for chapter 11 bankruptcy. “The Hash” hosts break down the report, some key takeaways and the reported revelations about Celsius Network’s red flags.
Stake in Crypto Exchange Deribit Becomes Disputed Asset in Three Arrows Bankruptcy
Based on one estimate in a document passed around by creditors, the Deribit stake is worth as much as $500 million. But legal complications and the recent crypto market slump might make the stake worth significantly less.
