Bankruptcy


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‘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.

"Someone would have to be frankly insane to trust Celsius with their assets," said Timothy Cradle on CDTV’s “First Mover” program. (CoinDesk TV screenshot, modified by CoinDesk)

Finance

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.

Coinbase said it had no exposure to Celsius, Three Arrows Capital or Voyager (Benjamin Girette/Bloomberg via Getty Images)

Videos

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.

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Videos

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.

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Markets

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.

There's a fresh dispute emerging in the Three Arrows bankruptcy case. (Metropolitan Museum of Art, modified by CoinDesk)

Videos

Lawmakers to Hold Hearing on Oversight of SEC's Division of Enforcement

The House Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets is holding a hearing Tuesday on the oversight of the SEC's division of enforcement. CoinDesk Managing Editor of Global Policy & Regulation Nikhilesh De discusses what to expect. Plus, key takeaways from Celsius' bankruptcy hearing so far.

Recent Videos

Finance

Three Arrows Owes Polkadot Developer Moonbeam Foundation Over $27M, Court Documents Show

The hedge fund was also engaged as a “consultant" for Moonbeam-based glimmer and Moonriver-based river tokens.

Moon (Ralph Mayhew/Unsplash)

Policy

Celsius Lays Out Mining-Focused Reorganization Plan at First Bankruptcy Hearing

The first day hearing revealed Celsius is betting big on its also-indebted mining operation to help fill the $1.2 billion hole in the company’s balance sheet.

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

Videos

What to Expect From Crypto Lender Celsius' Bankruptcy Proceedings

"The Hash" panel discusses what customers should expect ahead of the first hearing in the Celsius bankruptcy case, as the insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement. Plus, a conversation on the company's $1.2 billion hole in its balance sheet.

Recent Videos

Finance

Celsius Bankruptcy Filings Hint Retail Customers Will Bear Brunt of Its Failure

The New Jersey-based crypto lender has a $1.2 billion hole in its balance sheet and will likely struggle to pay back its customers and creditors.

Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)