Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
Celsius expects to receive extra $70 million in loan repayment by Oct. 7 and retain over $42 million by the end of November.
The firm has filed a petition to allow eligible customers to withdraw assets from its custody program and Withhold accounts.
The creditors are basing their claim on the fact that their funds were held in Celsius' custodial account and not the Earn program.
The Rari/FEI exploit caused Babylon Finance investment gardens to lose $3.4 million, whch led to users losing confidence and withdrawing 75% of its TVL.
The process would temporarily shield the embattled crypto firm from lawsuits from third parties.
Three Arrows Capital co-founder Su Zhu alleged that liquidators misled the Singapore high court about the structure of 3AC and the role he and co-founder Kyle Davies played in it.
The Bankruptcy court has approved $1.6 million as employee bonuses. Creditors committee will work with Voyager to cut cost by $46 million.
Teneo will now have access to bank accounts, cryptocurrencies, non-fungible tokens, and stakes in companies and properties belonging to Three Arrows Capital.
Voyager creditors have argued that the employees are well compensated and there is no evidence that they want to resign.
