Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, V...
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific in nature,” Coinbase stressed. Coinbase: ‘We Have Not Engaged in These Types of Risky Lending Practices’ The Nasdaq-listed cryptocurrency exchange Coinbase clarified its approach to cryptocurrency financing in a blog post on Wednesday. The post is authored by Brett Tejpaul,....
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Pro-XRP lawyer John E. Deaton has criticized the United States Securities and Exchange Commission’s (SEC) latest decision on Coinbase’s connection with the bankrupt crypto lender Celsius. Pro-XRP Lawyer Baffled By SEC’s Decision Recently, Coinbase presented a restructuring plan to the SEC in which investors from the bankrupt crypto firm Celsius could be reimbursed for their […]
“The issues here were foreseeable and actually credit specific, not crypto specific in nature,” said three department heads at Coinbase. Department heads at Coinbase have weighed in on the market downturn amid solvency concerns around Three Arrows Capital, crypto lending firm Celsius, and Voyager Digital, saying the crypto exchange had “no financing exposure” to the companies.In a Wednesday blog post, Head of Coinbase Institutional Brett Tejpaul, Head of Prime Finance Matt Boyd, and Head of Credit and Market Risk Caroline Tarnok said Coinbase had not engaged in the “types of risky lending....
According to a Ripple Labs spokesperson, the distributed ledger company is interested in learning about the bankrupt crypto lender Celsius and its assets. When Ripple’s spokesperson was asked if the blockchain firm was interested in acquiring Celsius, the company declined to say. The news follows Celsius customers begging the bankruptcy court to release funds over dire financial emergencies. Ripple Spokesperson Explains Distributed Ledger Company Is Interested in the Bankrupt Firm Celsius and the Crypto Lender’s Assets While Celsius customers await the Southern District of....
Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody account holders. Reportedly, the Celsius custody accounts did not participate in the earn and borrow program. A court hearing concerning the matter of relief will take place on October 6.
Celsius Files Debtors’ Motion to ‘Reopen Withdrawals for Certain Customers’
Court documents show that Celsius is looking to release roughly $50 million in funds to select customers. The....
In a recent development, the Bankrupt crypto lending firm Celsius Network has transferred its crypto holdings amid its ongoing legal battles and plans to repay its customers. Celsius Network Transfers $30 Million Worth Of Crypto In a post shared on his X (formerly Twitter) platform, software engineer Cam Crews confirmed that Celsius had transferred around […]