Source claims 3AC’s Deribit exposure is worth much less than reported
The creditors of Three Arrows Capital may be left holding the bag, according to a source who claims the hedge fund's exposure to Deribit is only worth $25 million.
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Celsius Is Hoping for a Bull Market to Repay Customers
During a late Monday bankruptcy hearing, Celsius lawyer Patrick Nash told the judge that all is not lost, as the firm is aims for a reorganization rather than a liquidation....
Celsius Unveils Recovery Plans in Bankruptcy Hearing
Celsius Network detailed new recovery plans today during its bankruptcy hearing and in a related court document. Celsius Has Plans for Recovery Celsius representatives appeared in court today for the...
Report: Equitiesfirst Named as Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender
Ever since Celsius paused withdrawals on June 12, the company has been the focus of attention due to the lender’s financial hardships. A month later, Celsius filed for bankruptcy in…
Crypto Biz: 3AC’s founders are nowhere to be found
Liquidators don't know the whereabouts of Kyle Davies and Su Zhu. Meanwhile, Grayscale's legal officer says the asset manager's lawsuit against the SEC could take a while to play out.
Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters
During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed…
“I Am Suicidal”: Celsius Customers Respond to Firm’s Bankruptcy
Celsius announced it had filed for Chapter 11 bankruptcy early Wednesday. Multiple Celsius customers have taken to social media to share their woes following the update. Celsius Files for Chapter...
Three Arrows’ Assets Frozen In Emergency Hearing
Three Arrows Capital (3AC) has had its assets frozen as part of recent court proceedings, according to various reports. Bankruptcy Judge Clamps Down On 3AC An emergency hearing was held...
Voyager can’t guarantee all customers will receive their crypto under proposed recovery plan
The crypto lending firm said that the exact amount reimbursed to users will “depend on what happens in the restructuring process and the recovery of 3AC assets."
Cornered Crypto Lender Celsius Hires New Restructuring Team
Kirkland & Ellis LLP, Celsius new legal firm, will replace the companys prior lead restructuring counsel. Celsius Hires New Lawyers Celsius has hired a new set of lawyers. According to...