Bankruptcy


Finance

Celsius Network Files for Chapter 11 Bankruptcy

The crypto lender said it has $167 million in cash on hand and will continue to freeze customer withdrawals.

Celsius Network founder and CEO Alex Mashinsky (CoinDesk)

Finance

Celsius Starting Bankruptcy Proceedings: Report

Crypto lender's lawyers are notifying state regulators, source tells CNBC.

The Celsius booth at Bitcoin Miami 2022 (Danny Nelson/CoinDesk)

Videos

This 21-Year-Old Student Wants His Locked-Up Funds Back From Voyager Digital

The implosion of Voyager Digital has stung trading firms and retail investors after the crypto broker filed for bankruptcy last week.

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Finance

Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation

The troubled lender lacks the assets and liquidity to honor its obligations to investors, DFR said.

Alex Mashinsky, Founder and CEO of Celsius Network (CoinDesk)

Finance

US Bankruptcy Court Approves Foreign Administrator for Three Arrows Capital's Debt

The administrator will also be able to subpoena the crypto hedge fund's founders.

Su Zhu of Three Arrows Capital (CoinDesk)

Finance

Three Arrows Founder Says Attempt to Work With Liquidators Met With 'Baiting'

In a first tweet since the crypto hedge fund imploded, Three Arrows co-founder Su Zhu posted screenshots from legal counsel saying the fund's principals are willing to work with liquidators.

Su Zhu of Three Arrows Capital (CoinDesk)

Finance

Voyager Clarifies USD Deposit Status in Update

The crypto exchange, which filed for Chapter 11 bankruptcy, says it remains unclear how customers will be reimbursed for their cryptocurrency investments.

Voyager CEO Steve Ehrlich (CoinDesk)

Finance

Three Arrows Creditors Get Emergency Hearing as Founders Fail to 'Cooperate'

Creditors say the fund’s remaining assets could be “transferred or otherwise disposed of” before creditors get their share.

3AC co-founder Su Zhu speaks at Crypto Bahamas. (Tracy Wang/CoinDesk)

Finance

TPS Capital Says It's 'Independent' From Three Arrows Capital

In a statement shared on Twitter, TPS Capital says its operations are “separate and distinct” from the beleaguered crypto hedge fund.

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Policy

FDIC Probing Voyager Claims It Was Insured by Regulator

The Canadian-based crypto exchange filed for bankruptcy earlier this week.

Voyager Digital CEO Stephen Ehrlich (Danny Nelson/CoinDesk)