bankruptcy
Crypto lender Celsius is the latest in a growing number of crypto-related companies filing for bankruptcy. The company filed for Chapter 11 bankruptcy protection following a month of difficulties, although it plans to continue certain operations for now using cash on hand. In a statement on Wednesday, Celsius said it would try to stabilize its business through restructuring “that maximizes value for all stakeholders.” Q2 2022 hedge fund letters, conferences and more Celsius Officially Files For BankruptcyAbout a month ago, the crypto lender froze its customers' accounts, citing "extreme market...
ValueWalk
Recent court documents suggest Three Arrows Capital co-founders Zhu Su and Kyle Davies could be on the run from creditors after the collapse of the crypto hedge fund. A hearing to discuss the liquidation process was scheduled for 9 a.m. Eastern on Tuesday, but Zhu and Davies did not appear. Three Arrows Capital Co-Founders On The Run?Q2 2022 hedge fund letters, conferences and more As recently as March, Three Arrows Capital, also referred to as 3AC, had about $10 billion in assets under management. In July 1, the crypto hedge fund filed for Chapter 15 bankruptcy protection from U.S. creditors ...
ValueWalk
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