Bankruptcy


Videos

Bernstein: Bitcoin Underperforming Against Rivals; Vermont Regulator Alleges Celsius Misled Investors

Investment firm Bernstein wrote Tuesday that bitcoin (BTC)’s correlation with other tokens will weaken as its dominance declines. Vermont authorities allege crypto lender Celsius Network misled investors about its financial health.

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Finance

Crypto Lender Voyager to Auction Off Assets on Sept. 13

The firm will liquidate its assets via auction as it moves through the bankruptcy process. 

Right after Voyager CEO Stephen Ehrlich received a letter this week from U.S. regulators accusing his company of misleading customers, the FDIC issued a broader warning to banks to not let it happen again. (Joe Raedle/Getty Images)

Policy

Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says

"... [A]t least at some points in time, yields to existing investors were probably being paid with the assets of new investors."

Celsius CEO Alex Mashinsky (CoinDesk archives)

Finance

Voyager Kept Taking Buy Orders After Freezing Crypto Transfers; Now, This Trader Is Stuck

“Why did they fill my buy order” after the firm had already shut trading, deposits and withdrawals down? Shaik Taj Baba asked.

Voyager's bankrupcy has left creditors in the lurch. (Danny Nelson/CoinDesk)

Finance

Crypto Lender Celsius Network Says $70M Cash Relief Will Bolster Efforts to Survive the Year

The extra cash from loan repayments, previously believed to be in stablecoins, means a much needed boost for the cash-strapped lender.

Celsius CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

Videos

Legal Expert: Not Enough Money to Go Around Celsius

As a new cashflow statement comes to light in Celsius Network's third bankruptcy hearing, Hodder Law Firm Managing Partner Sasha Hodder says the crypto lender just does not have "enough assets to go around." She adds that this will be particularly damaging for its Earn program customers. Plus, is Celsius still on track to run out of money by October?

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Videos

Celsius’ Third Bankruptcy Hearing: Who Should Get Their Money Back?

CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down Celsius’ third bankruptcy hearing on Thursday which focused on whether custodial account holders should be able to get their funds back.

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Videos

Mt. Gox to Set Creditor Repayment Date in ‘Due Course’; Celsius Files to Return Custody Clients’ Funds

The distribution of funds to former customers of defunct crypto exchange Mt. Gox will begin on a repayment date to be set in “due course.” Two Georgia-based bitcoin mining facilities used by Compass Mining are closing amid soaring local power costs.

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Policy

Celsius’ Third Bankruptcy Hearing Yields Little in the Way of Customer Relief

The three-hour hearing was largely spent on a back-and-forth over whether custodial account holders will be able to get their money back.

Celsius CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

Videos

Crypto Lender Celsius’ Bankruptcy Case Back in Court as Hearings Continue

CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the latest legal developments surrounding crypto lender Celsius and a preview of today’s hearing in the ongoing bankruptcy proceedings.

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