Tag Archives: bankruptcy

A new Celsius-themed Monopoly game is coming out for crypto users to “enjoy,” but the problem is that many people out there don’t seem too thrilled or amused by the product. In fact, this is now getting Celsius a lot more flak than when it decided to file bankruptcy and halt all withdrawals. Celsius Continues to Stoke the Fire We all probably remember playing Monopoly as a kid. The game would often take days, weeks, or even months given how strict you were with the...

When it comes to crypto, we’re witnessing a wide array of new elements that have not been witnessed before. We are seeing several companies – from Celsius to Voyager Digital to Three Arrows Capital – filing bankruptcy and taking drastic measures to protect themselves from incoming volatility and other market-based problems, and there’s a lot at stake. Bankruptcy Is Becoming Too Common Situations like these are really bringing the space down. People are now viewing crypto...

Sasha Hodder – founder of Hodder Law Firm – has mentioned the U.S. trustee overseeing the Celsius Network bankruptcy proceedings is seeking the aid of an independent examiner due to the company not being transparent enough. Is Celsius Trying to Hide Something? Right now, Hodder is saying that the company and its CEO Alex Mashinsky have not been fully clear or honest about what kind of creditors are owed money, nor have they gone into detail about how much is owed. She...

Another crypto bankruptcy declaration is in the books. Following several straight weeks of bearish trends and companies either liquidating or being forced to declare bankruptcy, it appears another firm has fallen victim to the collapse traders have been witnessing for the past eight months. This time around, the company declaring bankruptcy is Zip Mex, a Singapore-based crypto exchange operating mainly in southeast Asia. Zip Mex Isn’t Doing So Well The proceedings...

Crypto lending platform Celsius Network has been in the news several times over the past few weeks. The company has made repeated headlines given that it took a big step towards centralization and ultimately paused all customer withdrawals as a means of coping with ongoing market volatility. Celsius Is Filing Bankruptcy Sadly, things didn’t quite stop here. Word has since been received that Celsius is now entering bankruptcy proceedings, hinting that maybe this crypto...

The rumors have been confirmed. Three Arrows Capital – which long denied it was in any trouble – is not only being forced to liquidate its assets, but it is now filing for Chapter 15 bankruptcy protection according to an official press release. Three Arrows Capital Is Kaput The company – just a few weeks ago – liquidated all its assets in the British Virgin Islands. Now, bankruptcy proceedings have concluded in a New York state court. The unique points of Chapter 15 are...

Voyager Digital – a cryptocurrency broker and lender – has declared bankruptcy. The crypto space continues to crash and it’s taking all kinds of companies down with it. Voyager Digital Is Crashing with the Crypto Space Voyager Digital is now the latest victim of the crypto space’s ongoing demise. A few weeks ago, the company suspended all withdrawals – clearly following in Celsius’ footsteps – and commented that the volatility the space was experiencing was unlike...