Bankrupt Crypto Lender Celsius Network's CEO, Alex Mashinsky, Resigns
Celsius' CEL token is trading 8% lower following the announcement.
Compute North Files for Bankruptcy; Cipher Considers Selling up to $250M in Stock
Shareholders of bankrupt crypto lender Celsius Network have filed to claw back their investments and get first dibs on proceeds from the sale of certain assets. Crypto-mining data center operator Compute North filed for bankruptcy, citing the market rout. Cipher Mining is looking to sell up to $250 million in stock from time to time in an "at-the-market” (ATM) offering.
Accionistas de Celsius reclaman su participación en los pagos de la quiebra
Una moción legal presentada por abogados afirma que la quiebra de Celsius “se enfoca solo en los clientes” y “que no tiene en cuenta los intereses de los accionistas”.
Celsius Network Appears to Be Considering Turning its Debt Into Crypto ‘IOU’ Tokens
Bankrupt crypto lender Celsius Network appears to be considering a plan to turn its debt into crypto “IOU” (“I Owe You”) tokens. “The Hash” panel discusses what this means for the fate of Celsius and the state of crypto lending.
Celsius Shareholders File to Stake Their Claim for Bankruptcy Payouts
A motion filed by lawyers says the Celsius bankruptcy is “all about the customers” and “without regard for the equity holders.”
Washington State Joins Celsius Bankruptcy Case as Interested Party
The state’s move continues a trend of state-level regulators moving faster than the feds on regulating crypto.
Celsius Network Might Be Planning to Turn Its Debt Into Crypto ‘IOU’ Tokens
In a leaked audio file, Nuke Goldstein, the firm's co-founder and chief technology officer, detailed a potential plan to issue wrapped tokens representing the debt to customers.
Crypto Lending Company Celsius Files for Permission to Sell Its Stablecoin Holdings
The bankrupt company currently owns 11 forms of stablecoins totaling approximately $23 million, according to disclosures.
Judge Approves Use of Independent Examiner in Crypto Lender Celsius' Bankruptcy Case
The examiner will be appointed by the U.S. Trustee's office, a Department of Justice entity tasked with monitoring bankruptcies.
Celsius CEO Reportedly Mulls Crypto Custody Pivot After Lending Business Imploded
Celsius CEO Alex Mashinsky proposed revamping the failed crypto lending business as a digital asset custody firm, according to a New York Times report. Plus, bitcoin (BTC) and crypto-linked stocks fall as U.S. inflation in August rose 8.3% from the previous year and 0.1% from a month ago.