Bankrupt Crypto Lender Celsius Seeks Deadline Extension
The bar date is currently slated for January 3rd.
The bar date is currently slated for January 3rd.
Midas Investments suspended services on its platform following the Celsius and FTX crashes.
A U.S. bankruptcy judge has ordered the Celsius Network to return customers’ cryptocurrency that did not reach its interest-bearing accounts.
The acquisition will expand Galaxy’s headcount, and help build out its GalaxyOne prime offering.Â
Celsius' next hearing is scheduled for December 5th, where it intends to advance discussions around Custody and Withhold accounts, etc.Â
Operational irregularities on Celsius' part are believed to be the reason. Â
This is TrueFi’s first and only declared credit default to date.
With a $1.2-billion gap in its balance sheet, the lending platform filed for Chapter 11 bankruptcy in July.
Mashinsky's $10-million withdrawal comes into sharp focus as scrutiny of the financial conduct of Celsius' former top executive intensifies. Â
The US authorities sought more information to assess what would be the impact of the move.