The CFTC says 47 of its 96 enforcement cases brought in 2023 were related to digital assets, including against SBF, Binance, CZ, Celsius, and Alex Mashinsky
- The CFTC brought 47 digital asset-related actions out of 96 total its 2023 fiscal year — Notable cases included …
SEC objects to Coinbase's proposed involvement in Celsius' plan to emerge from bankruptcy, saying the plans “go far beyond the services of a distribution agent”
- Regulator objects to Coinbase distribution agreements — Coinbase, Celsius each face separate lawsuits from the SEC
Analysis: lawyers, accountants, consultants, and more have charged $700M+ in fees since 2022 in the bankruptcies of FTX, Celsius, Voyager, BlockFi, and Genesis
Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX.
A US judge rules former Celsius CEO Alex Mashinsky must face New York AG Letitia James' lawsuit accusing him of defrauding investors by hiding Celsius' risks
Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit …
A US judge rules former Celsius CEO Alex Mashinsky must face New York AG Letitia James' lawsuit accusing him of defrauding investors by hiding Celsius' risks
Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit …
The US arrests and charges former Celsius CEO Alex Mashinsky with six counts; the SEC, CFTC, and FTC sue Mashinsky and Celsius; Mashinsky pleads not guilty
Fahrenheit, bidders led by Arrington Capital, wins an auction for Celsius Network's assets, including loans, investments, and $500M in “liquid cryptocurrency”
0°C×9/5+32 = how much money to thaw frozen crypto accounts? James Cirrone / Blockworks : Fahrenheit Wins Bid for Bankrupt Celsius, Will Acquire up to $500M in Liquid Crypto Tweets: Simon Dixon / @simo...
Sources: Apollo Global Management and Fortress Investment Group are each investing ~$50M in competing groups that aim to restart Celsius under new management
Wall Street Journal :
A US federal judge approves a settlement in the Celsius bankruptcy case that lets the company's custody account holders opt in to receive 72.5% of their crypto
Bankrupt crypto lender Celsius proposes a sale to investment firm NovaWulf, founded in 2021 by Wall Street dealmakers; smaller creditors may regain 70% of funds
- Proposed sale would see smaller creditors get around 70% of their money back — Larger creditors would become shareholders …