Crypto Lender Celsius Should Continue Exclusive Right to Pursue Novawulf Deal, Judge Says
Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said
Galaxy Digital Closes $44M Acquisition of Self-Custody Platform GK8
The self-custody platform was an asset of bankrupt crypto lender Celsius.
Crypto Has an Incest Problem
Court filings reveal complex interlocking relations between major crypto firms – with implications for the ecosystem’s resilience, and for customers owed money.
Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy
A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender's multi-billion-dollar intercompany claim, court filings show.
Judge Clears Celsius' Plan to Sell Bitmain Mining Coupons Worth Over $7M
The crypto lender must sell the vouchers before they expire to raise funds for the bankruptcy estate.
Celsius's CEL Token May See 20 -Cent Value in Recovery Process, Attorney Says
The token currently has a market value of 54 cents.
Celsius Seeks to Recover Millions From Mashinsky, Other Former Executives
The former CEO should repay money he transferred in the run-up to the lender’s July bankruptcy, the document said
Celsius Debtors Release Sale Plan, Choose NovaWulf as Plan Sponsor
The plan was reached in consultation with the official committee of unsecured creditors.
Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers
The company joins mining firm Core Scientific in trying to offload the assets before they expire, with funds used to repay creditors
Celsius’ Proposed Extension for Restructuring Opposed by Creditors, US Government
Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn.
