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Changpeng Zhao CZ from Binance06

08 Jun 23

Binance.US clarifies CoinDesk claim about user funds and platform security

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent CoinDesk article, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng “CZ” Zhao received billions of dollars in customer funds through their holding company. In response, CZ expressed uncertainty about the accuracy of the allegations. Journalistic […]

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08 Jun 23

SEC’s Gensler offered to advise Binance in 2019, lawyers claim

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a surprising twist to the ongoing regulatory battle between the Securities and Exchange Commission (SEC) and Binance, lawyers for the crypto exchange have alleged that SEC Chair Gary Gensler offered to serve as an advisor to Binance’s parent company in […]

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31 May 23

Binance initiates layoffs amid market uncertainty, sources claim

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance has reportedly begun laying off employees. The news was first reported by Wu Blockchain on Twitter, who cited multiple sources confirming the layoffs. Binance, which employs approximately 8,000 people worldwide, is rumored to lay off about 20% of its staff […]

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09 May 23

Core Scientific challenges Celsius Network’s $4.7m compensation claim

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Core Scientific, a bankrupt bitcoin miner, is protesting against the payment of $4.7 million in executive compensation filed by crypto lending platform Celsius Network. The latest development has resulted in a contractual battle between the two companies. In a Texas bankruptcy […]

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25 Apr 23

Prosecutors claim Do Kwon has millions in Swiss account

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied South Korean prosecutors have revealed that former Terra CEO Do Kwon has millions of dollars stashed in a Sygnum bank account. The Seoul Southern District Prosecutors’ Office’s Financial Securities Crime, Joint Investigation Division, made the revelation at an April 25 press […]

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26 Mar 23

Celsius sets end of April as new deadline for proof of claim

After the Customer Contract Decision, the bankruptcy partner at McCarter & English, LLP, David Adler, announced that Celsius is adjusting its timetables. Apr. 28, 2023, is the new cutoff, also called the Bar Date. Because of this amendment, it is now possible for creditors to provide evidence of a claim within the allotted period. Previously, a court […]

Bankruptcy generic 3

29 Dec 22

Celsius to extend claim deadline

Celsius, once a well-known cryptocurrency lender with over 1.7 million users handling over $10 billion in assets, filed for bankruptcy protection in July 2021. The exchange filed for bankruptcy protection due to financial difficulties caused by a downturn in the cryptocurrency market. It is crucial for stakeholders to be aware of the approaching final date […]

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