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...
Investment firm Proof Group may be aiming to revive the bankrupt crypto exchange FTX. Proof Group is one of three bidders vying to reboot trading on FTX, Bloomberg said in a Monday (Nov. 6) report, citing sources familiar with the matter. Proof Group is also a member of...
Celsius Network is reportedly seeking court approval on a bankruptcy exit plan that would allow it to restart as a user-owned bitcoin miner. The failed crypto lender also aims to partially repay customers whose funds have been frozen on the platform since June 2022 by...
A former executive at now-bankrupt Celsius Network, Roni Cohen-Pavon, has reportedly pleaded guilty to criminal charges in the United States and has agreed to cooperate with prosecutors’ investigations. Cohen-Pavon, who served as chief revenue officer at the cryptocurrency lender founded by Alex Mashinsky, admitted to four...
December 23, 2022
In 2022, the cryptocurrency industry fully entered the mainstream — and almost drowned. The industry enjoyed an auspicious start, coming off of a banner 2021 year that saw record valuations, exciting innovations, and hordes of newly minted paper millionaires, even paper billionaires. Splashy, celebrity-studded, fear-of-missing-out (FOMO)-driven commercials for crypto companies like Coinbase, Crypto.com, eToro and […]
February 21, 2024
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, is set to appear in court Wednesday (Feb. 21) for a hearing on his new lawyer’s possible conflict of interest. Bankman-Fried, who was convicted of fraud in November after accusations of stealing billions of dollars from customers, hired defense lawyer Marc Mukasey for his sentencing and […]
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,...
November 06, 2023
Investment firm Proof Group may be aiming to revive the bankrupt crypto exchange FTX. Proof Group is one of three bidders vying to reboot trading on FTX, Bloomberg said in a Monday...
October 03, 2023
Celsius Network is reportedly seeking court approval on a bankruptcy exit plan that would allow it to restart as a user-owned bitcoin miner. The failed crypto lender also aims to...
