Auto Added by WPeMatico

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…

Continue ReadingReport: Equitiesfirst Named as ​​Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender

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…

Continue ReadingCelsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who…

Continue ReadingReport: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the…

Continue ReadingReport: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

Report: Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency

According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liquidations. Sources…

Continue ReadingReport: Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency

Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship

Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring…

Continue ReadingReport: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship