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Ropes & Gray LLP
Crypto Lender Celsius Files 2 New Lawsuits in Attempt to Recover Funds
Crypto lender Celsius Network has filed two new lawsuits in an attempt to retrieve lost funds. Ropes & Gray Business Restructuring Associate Daniel Gwen discusses what this means for Celsius and its creditors and customers.
‘Not Unusual’ for Voyager to Pay Employees Retention Bonuses, Restructuring Expert Says
A U.S. federal judge ruled in Voyager’s bankruptcy hearing Wednesday the crypto lender can pay more than 30 employees a collective $1.6 million as a “retention” award. Ropes & Gray Business Restructuring Associate Daniel Gwen discusses the key takeaways from the hearing, explaining why this is “customary” and “not that unusual.”
Purpose for Celsius Bankruptcy Proceedings Is to ‘Stabilize the Business,’ Restructuring Expert Says
As Celsius Network's bankruptcy proceedings begin, Ropes & Gray LLP Associate Daniel Gwen discusses his take on the troubled crypto lender's current situation and restructuring plan. "The whole purpose of today's hearing and the next 30 days is really to stabilize the business," Gwen said. He added, "A lot of ... details will be uncovered over the next few months."
