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Report: Celsius CEO Accused of Controlling Crypto Company’s Trading Scheme and Placing Bad Bets

According to a recent report published on Tuesday, the Israeli-American founder and CEO of Celsius Network, Alex Mashinsky, was in charge of the company’s trading strategy. The report, citing multiple…

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Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’

Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently…

Continue ReadingCelsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’

Report: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure

According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared…

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Voyager Files for Bankruptcy Citing Contagion in Crypto Markets, Three Arrows Capital’s Loan Default

Crypto lender Voyager Digital has filed for Chapter 11 bankruptcy. The company explained that the “prolonged volatility and contagion in the crypto markets” and the default of crypto hedge fund…

Continue ReadingVoyager Files for Bankruptcy Citing Contagion in Crypto Markets, Three Arrows Capital’s Loan Default