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Bankruptcy

Moonbeam is looking for repayment from Three Arrows. (Ralph Mayhew/Unsplash)
Finance
Polkadot
Three Arrows Owes Polkadot Developer Moonbeam Foundation Over $27M, Court Documents Show
The hedge fund was also engaged as a “consultant" for Moonbeam-based glimmer and Moonriver-based river tokens.
Moonbeam is looking for repayment from Three Arrows. (Ralph Mayhew/Unsplash)
By Shaurya Malwa
Jul 19, 2022 at 10:31 a.m. UTC
Jul 19, 2022
PolkadotThree Arrows CapitalBankruptcyLawsuit
Consensus 2019 Alex Mashinsky founder and CEO Celsius Network (CoinDesk)
Policy
Regulations
Celsius Lays Out Mining-Focused Reorganization Plan at First Bankruptcy Hearing
The first day hearing revealed Celsius is betting big on its also-indebted mining operation to help fill the $1.2 billion hole in the company’s balance sheet.
Consensus 2019 Alex Mashinsky founder and CEO Celsius Network (CoinDesk)
By Cheyenne LigonKrisztian Sandor
Jul 19, 2022 at 1:50 a.m. UTC
Jul 19, 2022
RegulationsCelsiusBankruptcyHearings
What to Expect From Crypto Lender Celsius' Bankruptcy Proceedings
Video
Cdtv
What to Expect From Crypto Lender Celsius’ Bankruptcy Proceedings
“The Hash” panel discusses what customers should expect ahead of the first hearing in the Celsius bankruptcy case, as the insolvent crypto lender has said that it will give cu...
What to Expect From Crypto Lender Celsius' Bankruptcy Proceedings
By CoinDesk Staff
Jul 18, 2022 at 7:53 p.m. UTC
Jul 18, 2022
cdtvHash clipCelsius NetworkCrypto Lendingcrypto investingBankruptcy
Alex Mashinsky, founder and CEO of Celsius Network (CoinDesk archives)
Finance
Celsius
Celsius Bankruptcy Filings Hint Retail Customers Will Bear Brunt of Its Failure
The New Jersey-based crypto lender has a $1.2 billion hole in its balance sheet and will likely struggle to pay back its customers and creditors.
Alex Mashinsky, founder and CEO of Celsius Network (CoinDesk archives)
By Cheyenne Ligon
Jul 18, 2022 at 6:28 p.m. UTC
Jul 18, 2022
CelsiusBankruptcyNew York
Three Arrows Capital Creditors Meeting Today; Celsius Outlines Next Steps
Video
Cdtv
Three Arrows Capital Creditors Meeting Today; Celsius Outlines Next Steps
Creditors of crypto hedge fund Three Arrows Capital (3AC) are reportedly scheduled to meet today following a liquidation order issued by a British Virgin Islands court. Nikhil...
Three Arrows Capital Creditors Meeting Today; Celsius Outlines Next Steps
By CoinDesk Staff
Jul 18, 2022 at 4:15 p.m. UTC
Jul 18, 2022
cdtvFM Clip3ACBankruptcyStateCrypto_Sponsor
Chris Giancarlo: Celsius Bankruptcy Filing is 'Mile Marker' for Crypto Industry
Video
Chris giancarlo
Chris Giancarlo: Celsius Bankruptcy Filing is ‘Mile Marker’ for Crypto Industry
Former CFTC Chair Chris Giancarlo discusses the potential regulatory outcomes from crypto lender Celsius’ first bankruptcy hearing today. “It’s going to be one of those mile m...
Chris Giancarlo: Celsius Bankruptcy Filing is 'Mile Marker' for Crypto Industry
By CoinDesk Staff
Jul 18, 2022 at 4:15 p.m. UTC
Jul 18, 2022
Chris GiancarlocdtvFM ClipCFTCCelsiusBankruptcy
Celsius outlines next steps. (PhotonBlast/Unsplash)
Finance
Celsius
Celsius Outlines Next Steps as Bankruptcy Proceedings Begin
The insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement.
Celsius outlines next steps. (PhotonBlast/Unsplash)
By Oliver Knight
Jul 18, 2022 at 1:06 p.m. UTC
Jul 18, 2022
CelsiusBankruptcyLending
Celsius Logo (Celsius Network)
Markets
Celsius
The Fall of Celsius Network: A Timeline of the Crypto Lender’s Descent Into Insolvency
A timeline of Celsius’ battle with insolvency during the crypto crash, from the firm’s decision to limit some user activity before the “pause,” to its decision to file for ba...
Celsius Logo (Celsius Network)
By Elizabeth Napolitano
Jul 15, 2022 at 4:23 p.m. UTC
Jul 15, 2022
CelsiusBankruptcy
Celsius Network founder and CEO, Alex Mashinsky, at Consensus 2019 (CoinDesk)
Finance
Celsius
Celsius Owed $439M by Lending Firm EquitiesFirst: Report
Celsius first borrowed from EquitiesFirst in 2019 before an overcollateralized crypto loan went sour in 2021.
Celsius Network founder and CEO, Alex Mashinsky, at Consensus 2019 (CoinDesk)
By Oliver Knight
Jul 15, 2022 at 1:44 p.m. UTC
Jul 15, 2022
CelsiusLoansLendingBankruptcy
(Cemile Bingol/Getty Images, modified by CoinDesk)
Podcasts
The breakdown
Giving Up the Ghost? It’s Chapter 11 Time for Celsius
Celsius Networks has moved into bankruptcy proceedings.
(Cemile Bingol/Getty Images, modified by CoinDesk)
By Nathaniel Whittemore
Jul 14, 2022 at 9:38 p.m. UTC
Jul 14, 2022
The BreakdownPodcastsCelsiusBankruptcy