Celsius Network, the bankrupt crypto lending company, has attracted 30 possible bids for its different assets, including its retail platform and mining businesses. According to a company presentation filed on Tuesday, more than 125 parties have approached since September. Also, 30 prospective bidders have signed non-disclosure agreements. As per Celsius,
Significantly, the entire market has been affected by the ongoing crisis of FTX and Alameda over recent months. All businesses and sectors linked with crypto space experienced a terrible face of its life. In that line, Alameda or Genesis were the creditors of Genesis global over a certain period. Thus,
FTX, the bankrupt crypto exchange has hired financial forensic investigators to find the missing cryptocurrencies. According to a recent report from the Wall Street Journal, the new management of FTX has appointed a group of forensic investigators from the advisory company, AlixPartners to help find the billions of dollars that
The Celsius Network’s bankruptcy filing in the U.S.Court remains a controversial issue in the global cryptocurrency industry as It’s been more than 5 months since its initiation. Now the crypto lender obtained court sanctions to reward bonuses worth up to $2.8 million to their employees in an attempt to prevent
Sam Bankman-Fried, the former CEO of FTX, has said he won’t testify before Congress until he’s finished learning and assessing what transpired. U.S. Representative Maxine Waters invited Bankman-Fried to appear at a hearing for the U.S. House Committee on Financial Services on December 13 to investigate “what happened” at FTX
FTX, the collapsed cryptocurrency exchange to pay its employees and contractors after several weeks of uncertainty. According to the recent announcement from the bankrupt trading platform, the majority of FTX subsidiaries around the world have been resuming ordinary course payment of salary and benefits to its employees worldwide and certain
Top officials at the defunct exchange FTX run by Sam Bankman-Fried (SBF), as well as his parents, spent $121 million in Bahamas investment. 19 residences in total were bought over two years, according to the investigation. High-end beachfront properties made up the majority of FTX’s acquisitions. Seven condominiums in Albany’s
Crypto lender Genesis turned up to clearly state that they have no intention to immediately file for bankruptcy. The Digital Currency Group-owned brokerage declared this through an email statement, as reported by Bloomberg. Genesis opts to do outreach to investors and clients seeking credits for recovery. Genesis spokesperson stated: “We
Celsius, the bankrupt crypto lender has received approval for the bar date on Jan 3, 2023. The bar date is the deadline for the Celsius customer to file the claim for the entities the held until July 13. That is before the date, the network went into bankruptcy. This week,
The defunct cryptocurrency exchange FTX and 101 of the 130 connected companies announced the beginning of a strategic evaluation of their global assets as part of the most recent bankruptcy filing. To maximize recoverable value for stakeholders, the review will be conducted. On November 11, in one of the most
