bankruptcy

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No Surprise - Court Docs Show Celsius Execs Withdrew Millions Prior to the Halt.

7 Oct 2022 2 minute read 1 comment kev_nag $1.26

The Celsius bankruptcy filing in the U.S Court remains a controversial issue in the industry. Over 4 months the issue is still proceeding in the Court finding many other related documents to the case. Now the Court reveals the transactional data wit...

Now the DOJ Objects to Celsius' Withdrawal Plan -and- Mashinsky allegedly withdraws $10 Million Before Bankruptcy Filing

3 Oct 2022 3 minute read 0 comments kev_nag $0.96

  DOJ Objects to Celsius’ Withdrawal Plan Resuming withdrawals is a top priority for Celsius, but the company may have to wait since the U.S. Trustee Program (which regulates the management of bankruptcy proceedings) has concerns. Celsius sought app...

Celsius' Stablecoin Sale Plan Faces Objections in Bankruptcy Court

1 Oct 2022 3 minute read 3 comments kev_nag $1.01

“Celsius Networks, a crypto lending company that had frozen withdrawals in June and has been proceeding through Chapter 11 bankruptcy since July, asked the United States Bankruptcy Court for the Southern District of New York for permission to sell i...

Warning: NEXO Going Bankrupt Like Celsius?

29 Sep 2022 1 minute read 6 comments Bfab $0.94

According to Mike Dalton (CryptoBriefing), eight U.S. state regulators issued cease and desist orders or similar charges against the crypto lender NEXO: The allegations concern Nexo’s Earn Interest Product, an interest-bearing account that promises...

Crypto Winter Freezes Another - BTC Mining Firm Compute North Files Chapter 11 Bankruptcy

23 Sep 2022 2 minute read 2 comments kev_nag $1.33

“Bitcoin (BTC) mining hosting firm Compute North has filed for chapter 11 bankruptcy amid growing pressure on the firm due to the effects of crypto winter and rising energy costs. The firm’s CEO Dave Perrill has also stepped down but will remain on t...

Celsius asks Bankruptcy Court Permission to Sell It's Stablecoins

16 Sep 2022 2 minute read 0 comments kev_nag $0.57

“Celsius Networks, a crypto lending company that had frozen withdrawals in June and has been proceeding through Chapter 11 bankruptcy since July, asked the United States Bankruptcy Court for the Southern District of New York for permission to sell it...

Mt. Gox Creditors Finally to Receive Payment from Bankruptcy Trustee

1 Sep 2022 3 minute read 0 comments kev_nag $0.98

“Mt. Gox trustee Nobuaki Kobayashi released updated information on Wednesday regarding the rehabilitation plan for creditors of the long-defunct crypto exchange. According to the file, the restriction reference period starts on September 15. During t...

Shocking! U.K. Energy Bills Skyrocket By As Much As 10X!

31 Aug 2022 3 minute read 0 comments SweptOverNiagara $0.07

Just two days ago, I published a post titled 'Heads of Tails: Another Rate Hike in September?' where I suggested that after everything businesses have been put through in the last two and a half years, rising interest rates along with rising energy b...

If you want to keep your cryptocurrencies safe, follow my advice

30 Aug 2022 5 minute read 2 comments bitcoin_albert $0.49

Last week I was checking all the balances of my wallets and exchanges as usual. I also have an account on Hotbit where I keep around 2–300 USDT to buy some s**tcoins, wait for the pump and sell at the right time to make some money. I wanted to withdr...

Celsius Permitted to Operate BTC Mining and Selling Operations by Bankruptcy Judge

17 Aug 2022 2 minute read 2 comments kev_nag $0.36

“Not even 24 hours after revealing a three-month cash flow forecast that threatens total exhaustion of funds, a New York judge allowed crypto lender Celsius Network to mine and sell Bitcoin (BTC) during its bankruptcy” [Sarkar, A. For greater good: N...