Crypto Exchange FTX Files For Bankruptcy, CEO Resigns
FTX Group, which includes FTX U.S., filed for Chapter 11 bankruptcy following an intense liquidity crisis; CEO Sam Bankman-Fried stepped down. FTX has filed for Chapter 11 bankruptcy. The move…
Public Miner Capitulation Takes Shape With Core Scientific On The Ropes
Miner capitulation is here. Core Scientific talks about potential bankruptcy, highlighting that cash resources will be depleted by the end of the year. The below is an excerpt from a…
Why Celsius Exposed User Information And What You Can Do About It
Bankrupt Celsius exposed personal information of thousands of users amid its restructuring process. Here’s what happened and what you can do for protection. This week, Celsius Network published a large…
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Bankruptcy Court Publishes 14,000 Pages of Celsius Customer Usernames and Trade History
The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages of the usernames and trading histories…
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State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29.…
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Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins
According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak,…
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German Crypto Exchange Nuri Files for Insolvency
Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform’s…
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Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’
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…
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Report: Equitiesfirst Named as Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender
Ever since Celsius paused withdrawals on June 12, the company has been the focus of attention due to the lender’s financial hardships. A month later, Celsius filed for bankruptcy in…
Celsius Bankruptcy Shows Reckless Behavior With A $1.2 Billion Hole In Its Balance Sheet
Celsius files for Chapter 11 bankruptcy. The company’s balance sheet shows a gap of $1.2 billion and reckless behavior with customer deposits. The below is an excerpt from a recent…