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Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on. Go to Source
Eligible participants can withdraw 72.5% of their cryptocurrency holdings minus transaction fees. Go to Source
The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July. Go to Source
The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company. Go to Source
“If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated. Go to Source
“The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed. Go to Source
CME Bitcoin futures hit a 2-year high, but options market data reflects investors’ hesitancy. Go to Source
According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings. Go to Source
The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023. Go to Source
Stout Risius Ross, LLC, the valuation advisor for Celsius Network confirmed the accuracy of the bankrupt firm’s valuation report. Go to Source
