Bankruptcy
Fahrenheit wins auction for Celsius’ assets
If approved, the bankrupt crypto lender's assets will be sold off to form a new company.
Oluwapelumi Adejumo 3 min read
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OPNX opening its bankruptcy claims product for Celsius users soon
OPNX's bankruptcy tokenization will be offered to Celsius users after May 29 - enabling creditors to unlock frozen funds.
Bankruptcy
FTX token jumps 12% after news of possible restart emerges
FTX CEO John Ray spent roughly seven hours on activities related to the exchange restart in April, for which he billed over $8,000.
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Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment
Gemini said it was ready to work with Genesis to advance a restructuring plan without DCG's participation.
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FTX sues SBF, others over ‘worthless’ fintech company acquisition
FTX liquidators said no investor was willing to pay more than $1 million for the company less than four months after SBF acquired it.
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First Voyager payouts should begin by June 1, creditors’ committee says
Voyager's approved liquidation plan may allow customers to access their funds by June 1st, with the possibility of recovering up to 63.7% of their deposits depending on the outcome of FTX litigation.
Bankruptcy
Celsius could sell assets to top bidder Fahrenheit as auction concludes
The latest bids are hundreds of millions of dollars greater than past bids.
Bankruptcy
Celsius withdraws over $800M stETH staked on Lido Finance following upgrade
The Celsius Network wallet holding $800 million in stETH began requesting withdrawals in chunks of 1000 stETH at roughly 4:45 pm GMT.
Bankruptcy
Bankrupt lender BlockFi to liquidate lending platform
BlockFi said the amount its creditors will get depends on the outcome of its pending suit against bankrupt Alameda Research, FTX, others.
