Bankruptcy

Celsius Network Emerges from Bankruptcy, To Distribute $3 Billion in Crypto to Creditors and Establish New Bitcoin Mining Company

by
Celsius Network Emerges from Bankruptcy, To Distribute Billion in Crypto to Creditors and Establish New Bitcoin Mining Company

Celsius Follows FTX As It Begins Repaying Crypto To Creditors, Here’s How Much Celsius Network, a bankrupt cryptocurrency lending company, plans to distribute over $3 billion in crypto assets and fiat currency to its creditors. They have emerged from bankruptcy and gained approval from 98% of account holders. The company also announced the creation of … Read more

3AC Founders Face New Trouble as Regulators Impose 9-Year Ban Amidst Bankruptcy

by
3AC Founders Face New Trouble as Regulators Impose 9-Year Ban Amidst Bankruptcy

Bankrupt 3AC Founders Run Into Trouble Again As Regulators Impose 9-Year Ban Singapore’s central bank, the Monetary Authority of Singapore (MAS), has issued long-term prohibition orders against Zhu Su and Kyle Davies, founders of the bankrupt crypto hedge fund Three Arrows Capital (3AC). The founders are now banned from engaging in regulated business activities in … Read more