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Celsius Web Services: The Billion-Dollar Plan That Could Have Saved The Network From Bankruptcy

Celsius, the network that filed for Chapter 11 bankruptcy last year, had attempted to raise $1 billion for a project called Celsius Web Services (CWS).

FTX advisers billed the bankrupt firm for a whopping $103M in Q1

After Sullivan & Cromwell, consulting firm Alvarez & Marsal billed the second-largest amount for its finance and accounting work.

Celsius creditors demand transparency on ‘suspicious’ FTX transactions

Celsius creditors say info from FTX is crucial in determining if some CEL trades were meant to inflate its price artificially.

Crypto lender BlockFi is granted extra time to file Chapter 11 exit plan

BlockFi was granted a 48-day extension by a New Jersey bankruptcy judge to submit an exit plan, exploring a potential sale of company assets and restructuring.

FTX Failed at Cybersecurity, According to a New Bankruptcy Report

The once-popular cryptocurrency exchange FTX burned to the ground in a catastrophic blaze last November.

3AC co-founder can answer subpoena or 'take his chances' — US judge

The U.S. judge presiding over the Three Arrows Capital bankruptcy case has upped the pressure on Kyle Davies to comply with a January-issued subpoena.

FTX seeks to claw back $460M from Bankman-Fried-backed VC firm

While the funds represent a small portion of FTX’s overall asset shortfall, the settlement means the firms can avoid a costly legal battle.

US officials appeal protections for Voyager execs in Binance.US sale

The DOJ disagrees with the legal protections given to those involved in the Voyager sale to Binance.US, saying the court “improperly” exceeded its authority.

Sen. Warren calls out ‘sham audits’ while SVB threatens crypto bankruptcy

Contrasting Warren’s statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank.

Celsius Custody customers finally begin withdrawals 263 days after freeze

Celsius users with funds held in its custody program have finally begun to withdraw funds, but users report delays due to a backlog of requests.

Binance.US restructuring plan favored by 97% of Voyager customers

An overwhelming majority of Voyager account holders want Binance.US to buy out the firm’s assets.

Firm That Held SBF’s 56M HOOD Shares Files for Bankruptcy

Emergent Fidelity Technologies reportedly has filed for voluntary chapter 11 bankruptcy.