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Celsius
‘Not Unusual’ for Voyager to Pay Employees Retention Bonuses, Restructuring Expert Says
A U.S. federal judge ruled in Voyager’s bankruptcy hearing Wednesday the crypto lender can pay more than 30 employees a collective $1.6 million as a “retention” award. Ropes & Gray Business Restructuring Associate Daniel Gwen discusses the key takeaways from the hearing, explaining why this is “customary” and “not that unusual.”
Bankrupt Crypto Lender Celsius Sues Prime Trust Over $17M in Tokens
The dispute stems from a trove of assets held by Prime Trust for Celsius customers in New York and Washington state.
Failed Crypto Lender Celsius Fires Back, Accusing Ex-Employee of Fraud
KeyFi founder and CEO Jason Stone has previously filed suit against Celsius, accusing his former employer of market manipulation, among other charges.
Tornado Cash Storm; Australia Plans Crypto Rules
Tornado Cash sanction brews up a storm. Uniswap blocks over 250 wallet addresses from frontend in sanction compliance. Could Australia’s "token mapping" plan be the way forward for crypto regulation? Celsius "withhold" account depositors lawyer up to seek claims. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Celsius Depositors Fracture Again on Legal Strategy as 'Withhold' Group Lawyers Up
Some U.S.-based customers whose funds ended up frozen in holding accounts have hired a partner at Troutman Pepper to get access to their funds.
Bankrupt Lender Celsius CEO Owes Creditors Transparency, Crypto Lawyer Says
If Alex Mashinsky was “being transparent,” there would be “no need to pull in an independent examiner," said Sasha Hodder, founder of Hodder Law Firm, on CoinDesk TV's "First Mover."
![“If [Mashinky] was being transparent, they would not have a need to pull in an independent examiner,” Sasha Hodder, founder of Hodder Law Firm, said on CoinDesk TV’s “First Mover.” (CoinDesk TV, modified by CoinDesk)](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fstaging%2Fd1d4ac7cf13d78d2867f5c160123232e551d4b49-1411x1058.jpg%3Fauto%3Dformat&w=1080&q=75)
Bankrupt Crypto Lender Celsius Now Says It Likely Has Enough Cash to Last Through End of Year
The chief financial officer said during a bankruptcy hearing the company will receive additional funds via maturing loans, and sales and use tax savings.
Crypto Lender Celsius' Collapse Into Bankruptcy Should Be Probed, US Says
Some of the highest-profile and controversial bankruptcies in history, including Enron's and Lehman Brothers', have included the appointment of an independent examiner.
‘Consumer Business Is Dead’ for Crypto Lender Celsius, Bankruptcy Expert Says
Thomas Braziel, a partner at 507 Capital, also told CoinDesk TV’s “First Mover” customers may get back only 50 to 60 cents on the dollar.
Canadian Pension Giant Caisse Writes Off $150M Bet on Bankrupt Crypto Lender Celsius
Quebec-based Caisse said Wednesday it had acted "too soon" in entering the sector.
