Failed Crypto Lender Cred Blames Its Demise on Uphold Exchange in Suit
The 2022 meltdown is not the first time the risks of “centralized DeFi” products have been laid bare.
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Dec 21, 2022 at 12:23 p.m. UTC
Dec 21, 2022
Bankruptcy
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Judge Ordered Independent Examiner to Produce Interim Report on Celsius
U.S. bankruptcy Judge Martin Glenn ruled that the independent examiner in crypto lender Celsius Network’s bankruptcy will need to produce an interim report detailing Celsius’...
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Oct 10, 2022 at 2:38 p.m. UTC
Oct 10, 2022
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Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy
Crypto lender Celsius Network’s bankruptcy case is entering a new phase where shareholders will be pitted against the firm’s beleaguered customers. This comes as court records...
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Oct 6, 2022 at 8:08 p.m. UTC
Oct 6, 2022
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Celsius’ Crypto Customers Face New Challenge in Retrieving Deposits
CORRECTION: Since publication, the reporting and headline of Celsius executives withdrawing crypto has been corrected to $17 million based on documentation provided by CTO Nuk...
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Oct 6, 2022 at 6:02 p.m. UTC
Oct 6, 2022
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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 mo...
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Oct 6, 2022 at 2:13 p.m. UTC
Oct 6, 2022
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Marathon Digital Downgraded on Headwinds From Compute North’s Bankruptcy
Global financial services firm BTIG’s Gregory Lewis has downgraded bitcoin miner Marathon Digital’s stock from “buy” to “neutral” following headwinds from Compute North’s bank...
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Sep 23, 2022 at 5:56 p.m. UTC
Sep 23, 2022
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White House Report Calls for Crypto Mining Standard to Reduce Energy Usage
The White House Office of Science and Technology Policy called for the U.S. to conduct further research on the energy impact of crypto mining in order to set standards for the...
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Sep 9, 2022 at 4:44 p.m. UTC
Sep 9, 2022
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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 Cels...
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Sep 7, 2022 at 8:21 p.m. UTC
Sep 7, 2022
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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 ha...
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Sep 2, 2022 at 3:59 p.m. UTC
Sep 2, 2022
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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 s...
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Sep 2, 2022 at 3:07 p.m. UTC
Sep 2, 2022