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Celsius Misled Customers, Examiner Alleges, Calling Crypto Firm A 'Sinking Ship'
Tuesday, January 31, 2023 - 12:23pm | 595Beleaguered cryptocurrency lender Celsius (CRYPTO: CEL) lacks proper asset and liability tracking and attempted to cover up false statements made publicly by its Chief Executive Officer Alex Mashinsky. That's according to independent examiner Shoba Pillay, who informed the U.S Bankruptcy Court...
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FTX Founder Bankman-Fried Allegedly Borrowed Funds To Purchase Robinhood Stake
Wednesday, December 28, 2022 - 11:50am | 348Former FTX CEO Sam Bankman-Fried borrowed hundreds of millions of dollars from Alameda Research to purchase a stake in Robinhood Markets, according to court records. In an affidavit delivered to a Caribbean court before his detention, Bankman-Fried stated that he and FTX co-founder Gary Wang...
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Legal Troubles Escalate For Celsius As Court Broadens Scope Of Investigation
Wednesday, November 2, 2022 - 3:22pm | 616A New York bankruptcy judge expanded the scope of the investigation in the Celsius Network (CRYPTO: CEL) bankruptcy case, as the company’s clients demanded an inquiry into the activities of the cryptocurrency lender. Judge Martin Glenn of the U.S. Bankruptcy Court directed the court-appointed...