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Bankruptcy
Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy
CORRECTION: Since publication, the reporting and headline has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that most of his apparent withdrawals were sent to other accounts at Celsius. The original headline indicated a figure of $42 million.
South Korea To Invalidate Terra Founder Do Kwon’s Passport
CORRECTION: Since publication, the reporting and headline of Celsius executives withdrawing crypto has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that most of his apparent withdrawals were sent to other accounts at Celsius. The original headline indicated a figure of $42 million. CoinDesk's Nikhilesh De also discusses the latest developments surrounding South Korean officials announcing it would invalidate Terra creator Do Kwon's passport.
Bitcoin Miner Marathon Invested $31.3M in Bankrupt Data Center Compute North
The miner also has about $50 million in security deposits and prepayment to Compute North for hosting Marathon’s bitcoin miners.
Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy
Ex-CEO Alex Mashinsky and ex-CSO Daniel Leon pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May, before the company suspended all customer withdrawals.
Celsius' Crypto Customers Face Big Obstacle in Trying to Claw Back Their Deposits
A change in the corporate structure the bankrupt crypto lender made when it was raising money last year may come under scrutiny.
Three Arrows-Backed 'Starry Night' NFT Collection Moved to Gnosis Safe
The bankrupt crypto hedge fund once aimed for a $100M NFT collection, which now may be worth less than $1M.
Crypto Lender Celsius Co-Founder, Chief Strategy Officer Leon Resigns: Report
Celsius CEO Alex Mashinsky also resigned last week.
Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
Mashinsky resigned as CEO on Sept. 27; the company filed for chapter 11 bankruptcy protection in mid July.
Crypto Lender Celsius Shouldn't Reopen Custody Withdrawals, US Trustee Says
The office has also requested the judge deny the bankrupt lending platform’s motion to liquidate its $23 million in stablecoin holdings.
Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment
The money is collateral posted against a loan Celsius took from the company and which Equities First was unable to repay.