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Chapter 11 Bankruptcy

Celsius requests to extend submission of reorganization plan as bankruptcy proceedings heat up
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15 November, 2022

Celsius requests to extend submission of reorganization plan as bankruptcy proceedings heat up

Celsius said that the reorganization process was more complex than anticipated, requiring a tentative approach to achieve success.
FTX collapse: Full impact has yet to be seen—Bloomberg
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14 November, 2022

FTX collapse: Full impact has yet to be seen—Bloomberg

Bloomberg covered what's going on with FTX, talking to experts from rival exchanges and SEC Commissioner Hester Peirce about what...
Compute North files for Chapter 11 bankruptcy with $500M in debt
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26 September, 2022

Compute North files for Chapter 11 bankruptcy with $500M in debt

Compute North operates data centers for miners, including Marathon Digital and Hive Blockchain, but a $300 million loan has made...
Voyager Digital approved to refund $270M in cash to clients, rebuffs SBF’s lowball bid
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9 August, 2022

Voyager Digital approved to refund $270M in cash to clients, rebuffs SBF’s lowball bid

Voyager at first claimed that it had $350 million at the Metropolitan Commercial Bank, even as it called out the...
Celsius owes $4.7B to customers as first bankruptcy hearing takes place
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19 July, 2022

Celsius owes $4.7B to customers as first bankruptcy hearing takes place

Monday’s hearing in the Southern District of New York also revealed that Celsius’ proposed pathway to recouping its massive losses...
Celsius Network is bankrupt—this is getting ridiculous
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15 July, 2022

Celsius Network is bankrupt—this is getting ridiculous

Celsius Network has an estimated 100,000 creditors and has $12 billion under management as of May 2022, although it's unclear...
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