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Celsius (CEL) has been rallying in recent times. The native token of the now bankrupt Celsius Network had taken a nosedive when the company had first filed for bankruptcy, but it seems the time is changing with the recent recovery. As Celsius continues with its proceedings, the price of CEL
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Crypto exchange Zipmex, which operates in Thailand, Indonesia, Singapore and Australia, released a statement this week denying reports that it has filed for bankruptcy and announcing its progress in resuming withdrawals from its Z Wallets. Zipmex customers can withdraw Solana (SOL) from their wallets Tuesday and will be able to withdraw
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The latest price moves in crypto markets in context for July 28, 2022. Source
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The beleaguered crypto exchange has filed applications in Singapore to seek protection against bankruptcy amidst the threat of legal action from creditors. Source
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Rod Bolger resigned from Celsius in June, two weeks before the company filed for Chapter 11 protection. Original Source
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“Crypto native” customers might also see this as an easier option, and may not be interested in going through a complicated litigation process, he said. “Let's just get the crypto back, let's get liquid and start trading again. Let's start DeFi-ing [and] yield farming again,” he added, speaking for a
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This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not disclose their whereabouts, but a lawyer who monitored the interview noted the duo is located in the
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"Genesis is aware that Three Arrows directly or indirectly owns the Deribit shares and the StarkWare shares, which could be sold to pay part of an eventual award against Three Arrows, but in light of Three Arrows' conduct it is likely that Three Arrows will seek to dissipate such shares
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Bankruptcy proceedings for Celsius have officially begun – and the odds that depositors will get their money back look slimmer than ever. Source
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“In particular, Celsius has pointed out in its pleadings that customers transferred ownership of crypto assets to Celsius, making those customers unsecured creditors. This detail may undercut customer expectations, who thought they were depositing their assets into a construct similar to a traditional bank,” Gwen added. Source
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