The Securities and Exchange Commission (SEC) has reportedly expressed reservations regarding Coinbase Global’s proposed involvement in Celsius Network’s plan to emerge from bankruptcy. The SEC, which previously charged Coinbase with operating as an unregistered securities exchange, broker and clearing house, has raised concerns about the agreements between Celsius and Coinbase,...
The bankruptcies of five major cryptocurrency firms have been a boon for corporate turnaround specialists. That’s according to a report published Tuesday (Sept. 5) by The New York Times, showing that professionals such as attorneys, accountants, consultants and crypto analysts have billed more than $700...
The ex-CEO of Celsius is facing federal fraud charges as the government’s crackdown on the cryptocurrency sector continues. In addition to the charges filed Thursday (July 13) by the Department of Justice, Alex Mashinsky, 57, was also sued by three different federal regulators over the collapse of...
Asset manager Apollo Global Management is reportedly participating in one of the bids for Celsius. The firm is one of the investors in a bid for the bankrupt cryptocurrency lender submitted by NovaWulf, CoinDesk reported Monday (May 8), citing an unnamed source. Reached by PYMNTS,...
November 09, 2023
Cryptocurrency platform Celsius Network has won permission to end its bankruptcy case. And with that approval, the company can now return most of the remaining crypto back to its hundreds of thousands of customers, the Wall Street Journal (WSJ) reported Thursday (Nov. 9). The report noted that the plan OK’d by the bankruptcy court also establishes a new company […]
September 25, 2023
The Securities and Exchange Commission (SEC) has reportedly expressed reservations regarding Coinbase Global’s proposed involvement in Celsius Network’s plan to emerge from bankruptcy. The SEC, which previously charged Coinbase with operating as an unregistered securities...
September 06, 2023
The bankruptcies of five major cryptocurrency firms have been a boon for corporate turnaround specialists. That’s according to a report published Tuesday (Sept. 5) by The New York Times, showing...
July 13, 2023
The ex-CEO of Celsius is facing federal fraud charges as the government’s crackdown on the cryptocurrency sector continues. In addition to the charges filed Thursday (July 13) by the Department of Justice,...
