“At bottom, this is a business judgment decision. It may be very wrong, but we will see,” Bankruptcy Judge Martin Glenn said at the second-day hearing
In its latest Chapter 11 filing, Celsius reported it expects its net cash flow to reach negative $137.2 million by the end of October
It seems nobody is ready to let Celsius sell its mined bitcoin after the bankrupt crypto lender submitted vague plans for the cash.
Quebec’s largest pension fund plowed $150 million into a Celsius equity deal last October, but the crypto lender went bankrupt nine months later
A seven-member committee is investigating Celsius CEO Mashinsky’s conduct and the lender’s “problematic asset deployment decisions”
The Texas State Securities Board cited Celsius’ “problematic asset deployment decisions” in a formal objection to bitcoin sales on Friday
Celsius has walked back plans to bring back former chief financial officer Rod Bolger as an adviser through its bankruptcy process
Customers are ticked off by another snag with bankrupt crypto lender Celsius
Celsius has requested banking industry veteran Rod Bolger, who resigned on June 30, to come back as an advisor
Kirkland & Ellis is looking to position itself as a leader in crypto restructuring