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Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy.According to a Friday report from the Wall Street Journal, Celsius hired an unknown number of restructuring consultants from the firm Alvarez & Marsal to advise the platform on
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Nexo is working with banking giant Citigroup (C) as it pursues a consolidation of other crypto lenders hit by the recent market downturn, according to an announcement shared with CryptoX. The company also later announced the information in a blog post. Source
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Stacey Cunningham, the first female president of the NYSE, will serve as an advisor to the company behind the DeFi protocol. Source
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Celsius announced early Monday it would pause withdrawals and its swap and transfer products, citing "extreme market conditions." Original Source
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Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with the U.S. Securities and Exchange Commission (SEC), should the regulator reject its application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on July 6.The company has been waiting on a decision from the
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Crypto VC giant Paradigm has tapped Katie Biber as its new chief legal officer. Biber comes to the venture capital firm from financial technology company Brex and previously served as general counsel for Mitt Romney’s 2012 U.S. presidential campaign. Source
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Cryptocurrency custody firm Fireblocks hired Varun Paul, the former head of fintech at the Bank of England, as its first director of central bank digital currency (CBDC) and market infrastructure. Source
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Binance.US has hired Krishna Juvvadi, former global head of operations compliance at Uber, as its new head of legal. Source
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One of the world's largest private equity investment firms with $498 billion in assets under management, Apollo Global Management, has made a major push into crypto by hiring former JPMorgan (JPM) executive Christine Moy to be its first head of digital assets strategy, the company said Thursday. Bloomberg first reported
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