Tuesday, October 4, 2022
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Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

A Mashinsky spokesperson, cited by the paper, said that the entrepreneur had disclosed to an unsecured creditors committee (UCC) in the bankruptcy proceedings that he and his family had $44 million in crypto frozen with Celsius following the withdrawal. The spokesperson said that Mashinsky "'withdrew a percentage of cryptocurrency in

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Bankrupt Crypto Lender Celsius Seeks to Reopen Withdrawals for Specific Customers – Bitcoin News

Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody account holders. Reportedly, the Celsius custody accounts did not participate in the earn and borrow program. A court hearing concerning

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Binance, FTX Among Crypto Players in Hunt to Buy Bankrupt Voyager Digital’s Assets as Coinbase Backs Out: Sources

Binance, the world’s largest crypto exchange, is keen to purchase Voyager, according to industry sources who have learned of the company’s interest. “Binance is excited and pursuing hard,” one of the people said. The exchange is “pushing hard on buying into institutional,” a second person said. Source

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Canadian Pension Giant Caisse Writes Off $150M Bet on Bankrupt Crypto Lender Celsius

The Canadian fund invested US$150 million in Celsius in the fall of 2021. “Blockchain technology has the potential to disrupt several sectors of the traditional economy. As digital assets grow in adoption, we intend to capture the right opportunities, while working with our partners towards a regulated industry,” Alexandre Synnett,

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Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin

Celsius lawyer Josh Sussberg disclosed the receipt of cash-injection offers during a Tuesday bankruptcy hearing but didn't say how big the offers were. Moving hastily on this is “mission critical” for Celsius, Sussberg said. It’s customary for companies reorganizing in U.S. bankruptcy court to seek financing to keep their operations

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