Investors Seek To Sell FTX, Celsius, BlockFi, Voyager Claims
Instead of waiting for a lengthy bankruptcy process, some investors, who have claims on FTX exchange, Celsius Network, BlockFi and Voyager Digital, are looking to pass on their claims to others.
Celsius Bankruptcy Case ‘Administrative Expenses’ Add Up to $53M
Lawyers, advisers, and bankers involved in the Celsius bankruptcy case collectively earned $53 million as administrative expenses in four months, as reported by the Financial Times.
Celsius Amasses 30 Potential Bidders for its Assets, Withdrawal Motion Approved
Bankrupt crypto lender Celsius Network has attracted 30 potential bidders over its various assets including its retail platform and mining business. According to a company presentation filed on Dec. 20, more than 125 parties were contacted since September, with 30 potential bidders executing non-disclosure agreements — a legal contract used to protect sensitive information about a company or the bidding terms — typically required during negotiations. (Cointelegraph)
Bankrupt Crypto Lender Celsius Receives Multiple Bids for Retail and Mining Assets
Bankrupt crypto lender Celsius Network LLC has received multiple bids for its retail platform and mining businesses, according to a company presentation delivered in court Tuesday.
Celsius Seeks $7.7M From Voyager's Estate as Bankruptcy Cases Intertwine
Lawyers for bankrupt lender Celsius are seeking to claw back $7.7 million from the estate of rival Voyager, as judges wrangle over the exact legal status of Celsius’ assets.
Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy
Judge Martin Glenn has approved the sale of crypto self-custody platform GK8 to Galaxy Digital as part of the bankruptcy proceedings of<b> </b>crypto lender Celsius, according to a court order issued on Tuesday.
Celsius Issues Latest Update Regarding Customer Withdrawals After Court Ruling
Collapsed cryptocurrency lending platform Celsius Network has issued the latest update on the progress of allowing customer withdrawals as the bankruptcy hearings continue.
A Bankruptcy Judge Demands the Return of $44 Million in Cryptocurrency to Celsius Customers
A federal judge has ordered cryptocurrency lender Celsius to provide consumers of the platform's custody program access to cryptocurrency valued at about $44 million.
Crypto Lender Celsius' Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg
A U.S. bankruptcy judge involved in the Celsius Networks bankruptcy case ordered the crypto lender to return crypto worth $50 million to users of custody accounts, Bloomberg News reported on Thursday. Celsius, about a month after its bankruptcy filing in July as reported by Coindesk, in September filed to return custody holders' funds to them, ahead of a separate hearing to address ongoing questions about its efforts to restructure and relaunch its operations. (Coindesk)
Celsius Must Return $44 Million in Crypto Back to Users, Judge Orders
Crypto lender Celsius Network must return around $44 million worth of crypto back to customers, even if it didn't enter Celsius's interest-bearing accounts.
