Core Scientific Exits Bankruptcy, Set to Begin Restructuring
The restructuring plan will allow Core Scientific to cut $400 million in debt by equitizing the said amount in secured and unsecured claims.
Celsius CEO Requests to Drop Two Charges Linked to Fraud and Manipulation
The court filing contends that the government’s handling of cryptocurrencies creates an inconsistency and contradiction between the second count of commodities fraud and the first count of securities fraud.
Judge Gives Time until October 3 to Review Documents in Former Celsius CEO Alex Mashinsky’s Case
The US SEC has recently filed a lawsuit against Alex Mashinsky over criminal charges and securities fraud.
Bankrupt Voyager Digital Incurs $1.1M Legal Fees in April
Kirkland & Ellis is currently the legal representative of many crypto exchanges that are faced with bankruptcy.
Private Equity Giant Apollo Global Shows Interest in Acquiring Bankrupt Crypto Firm Celsius
Apollo Global, with $500 billion in assets under management, is looking to revamp the bankrupt Celsius Network in partnership with Provenance Blockchain.
Leaked Bids on Celsius Network’s Assets by Binance, Galaxy Digital
By
Sanaa Sharma
The blog explained that Binance offered a bid of $15 million for the assets, noting that $12 million would be deposited to Celsius estate and $3 million to be disbursed to relocated customers on a pro-rata basis.
Crypto Startup Funding Down 40% in 2022 to Its Lowest
Although 2022 witnessed a major crash in crypto fundraises, it was still higher in comparison to 2018, 2019, and 2020. Market analysts expect VC investments in crypto to resume by the summer of 2023.
NY Attorney General Sues Former Celsius Network CEO for Defrauding Clients
New York’s state attorney general Letitia James revealed on Twitter that she is suing the former Celsius Network head for defrauding investors out of billions of dollars.
Celsius Bankruptcy Filing Reveals Further Mess, $1.2 Billion Deficit
The bankruptcy document submitted by Celsius shows a massive $1.2 billion debt on its balance sheet. Analysts explain why Celsius customers would never get their funds back.