Bankrupt crypto lender Celsius Network announced today that crypto consortium Fahrenheit has won in the court‑approved auction process to sell its assets. In a May 25 statement, Celsius said Fahrenheit would provide the capital, management team, and technology required to successfully establish and operate a new company, NewCo, as stated in its bid under its…
Bloomberg, others ask court to release FTX customer details
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Mashinsky argues Celsius Earn account are not securities
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Market rally pumps bankrupt crypto firm holdings
Ad The recent crypto market rally has pumped the crypto holdings of several bankrupt crypto firms in the last 24 hours, according to the Arkham Intelligence dashboard. During the last 24 hours, flagship digital assets like Bitcoin (BTC) and Ethereum (ETH) rose by more than 7%, respectively. The global crypto market cap also rallied above…
WBTC supply declined 15% in February
Ad Wrapped Bitcoin’s (WBTC) supply on Ethereum shrunk by 23,384 — roughly 15% — to 153,164 in February — its lowest level since March 2021, according to Dune analytics data. According to the asset’s order book, there were ten transactions involving WBTC — eight were burns, while the other two transactions were a cumulative mint…
Celsius former CEO wallet dumps $480k in CEL token selloff
Ad A wallet related to Celsius former CEO Alex Mashinsky reportedly sold 90,000 Celsius tokens (CEL) for $480,000, blockchain analytical firm Peckshield reported on Feb. 14. The sold tokens originated from wallet “0x4833,” which received the assets directly from Celsius Network Wallet four years ago. The sales appear to have negatively impacted the CEL token…
Celsius publishes eligible users’ list for withdrawals
Bankrupt crypto lender Celsius published the name of its users who are eligible to withdraw 94% of their assets from its platform, according to a Jan. 31 court filing. The published list contained the kind of crypto assets owed to each customer and the amount. The crypto lender emphasized that eligible users must update their…
Tether denies borrowing from bankrupt Celsius
Three Arrows Capital Venture Capital Company in Asia Three Arrows Capital (3AC), a Singapore-based crypto hedge fund, collapsed due to poor risk management, recklessness in dealing with business partners and a significant portion of greed. More about Three Arrows Capital Info LinkedIn
FTT surges 48%; other bankrupt tokens also rise
Bankrupt FTX’s native token FTT is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $2.58, according to CryptoSlate’s data. The embattled exchange token has risen by more than 170% on the seven days metrics. The impressive price performance has pushed it to its highest level since FTX…
Celsius Mining to sell 2687 BTC mining rigs for $1.34M
Celsius Mining entered into a Jan. 7 sales agreement to sell 2,687 Bitcoin mining rigs for $1.34 million to Touzi Capital , according to a Jan. 11 court filing. The mining rigs are “MicroBT ASIC M30S” located in Houston, Texas, with a hashrate ranginf between 84TH/s to 92TH/s. Celsius Mining said it held discussions with…