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Tag: Insolvency

Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters
$0.40 $0.96 Bankruptcy CEL CEL Short Squeeze attempt CEL Token CEL tokens Celsius Token (CEL) Chapter 11 Chapter 11 Bankruptcy Criticism headlines Insolvency Markets and Prices promoters short squeeze promoters Social Media Posts Withdrawal Pause

Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters

July 15, 20224 min read admin

During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just

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Report: Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy
3AC 3AC hedge fund Bankruptcy Bankruptcy petition Chapter 15 crypto hedge fund former Credit Suisse traders Insolvency insolvent Kyle Davies Latham & Watkins Liquidations MAS Monetary Authority of Singapore News NYC report Su Zhu Three Arrows Capital Three Arrows Capital (3AC)

Report: Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy

July 3, 20224 min read admin

The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers

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Troubled Crypto Hedge Fund 3AC Reprimanded by Singapore’s Monetary Authority, Liquidators Eye Su Zhu’s Properties
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Troubled Crypto Hedge Fund 3AC Reprimanded by Singapore’s Monetary Authority, Liquidators Eye Su Zhu’s Properties

July 2, 20226 min read admin

On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the

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Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital
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Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital

June 30, 20224 min read admin

According to a recent report from Sky News citing a source familiar with the matter, “cryptocurrency insiders” have said that the troubled crypto hedge fund

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Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice
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Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

June 25, 20225 min read admin

After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people

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Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’
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Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

June 16, 20224 min read admin

According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice

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Report: Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency
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Report: Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency

June 15, 20224 min read admin

According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing

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Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship
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Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship

June 15, 20223 min read admin

Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the

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