NEWS | Goblin Crypto

Attorneys Say 3AC Founders Refuse to Show Up on Zoom; Ask Court for Emergency Discovery to Find Their NFTs, Crypto

07/10/2022 9:00 pm 07/18/2022 8:24 pm

British Virgin Islands-based liquidators of Three Arrows Capital (3AC) told a court in an emergency motion they were alarmed by the lack of information about the whereabouts of the company’s “uncooperative” founders, Zhu Su and Kyle Davies, noting they had refused to appear on camera or answer questions during judicial proceedings. Attorneys Russell Crumpler and Christopher Farmer asked the Bankruptcy Court for the Southern District of New York in their Friday motion to grant them …

Attorneys Say 3AC Founders Refuse to Show Up on Zoom; Ask Court for Emergency Discovery to Find Their NFTs, Crypto Read More »

CoinFLEX Rips Roger Ver Over Broken Promises: ‘He Was Wasting Time’

07/09/2022 5:30 pm 07/10/2022 5:17 am

Beleaguered crypto exchange CoinFLEX took aim at Roger Ver on Saturday, accusing him of “wasting time” over a broken promise to send the company funds. Company CEO Mark Lamb blamed Ver last month for the company’s financial trouble, saying he defaulted on a $47 million loan. But in a Saturday blog post, Lamb and co-founder Sudhu Arumugam said the real figure was much higher, writing, “The first estimate of $47m which we communicated did not include the …

CoinFLEX Rips Roger Ver Over Broken Promises: ‘He Was Wasting Time’ Read More »

Celsius Used Customer Funds to Purchase its Own Token as CEO Dumped His Holdings: Report

07/08/2022 11:00 am 08/11/2022 9:05 pm

Celsius CEO Alex Mashinsky with wife Krissy

Disgraced crypto lender and exchange Celsius Network used customer funds to inflate the price of its native token, enriching CEO Alex Mashinsky and pushing the company toward insolvency, according to a new report. “Celsius appears to have spent over $350 million purchasing its own crypto token CEL on exchanges, even though it already had billions of dollars worth of CEL in its treasury,” Arkham Intelligence researchers said in the Friday report. “At the same time, …

Celsius Used Customer Funds to Purchase its Own Token as CEO Dumped His Holdings: Report Read More »

Celsius Network Completes MakerDAO Repayments; Wins Return of $450 Million Collateral

07/07/2022 10:00 am 07/08/2022 12:00 am

The Celsius Network won the return of $450 million in collateral from MakerDAO on Thursday after it completed loan repayments to the protocol. The company paid $41.2 million in DAI as a final installment on the loan, according to blockchain data, allowing it to claw back 21,962 in wrapped bitcoin (wBTC) the protocol held as collateral. The loan was worth more than $270 million on June 12, the day Celsius announced it was freezing customer …

Celsius Network Completes MakerDAO Repayments; Wins Return of $450 Million Collateral Read More »

Voyager Digital Files for Chapter 11 Bankruptcy

07/05/2022 11:30 pm 07/06/2022 5:52 am

Crypto exchange and lender Voyager Digital filed for Chapter 11 bankruptcy on Tuesday, just four days after freezing customer assets. “This comprehensive reorganization is the best way to protect assets on the platform and maximize value for all stakeholders, including customers,” CEO Stephen Ehrlich said in a statement. Ehrlich made a slight edit in a version of the statement published on Twitter hours after the filing became public, saying it would maximize value “especially” for …

Voyager Digital Files for Chapter 11 Bankruptcy Read More »