Celsius customers with collateral stuck on failed crypto platform turn to bankruptcy case for relief – CNBC | Vette Leader

Alan Knitowski has an MBA, has been in technology and finance for over 25 years and is the CEO of a Nasdaq-listed mobile software company. That didn’t stop him from being duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million Bitcoin as a pledge. He … Read more

Celsius customers with collateral stuck on failed crypto platform turn to bankruptcy case for relief – CNBC | Vette Leader

Alan Knitowski has an MBA, has been in technology and finance for over 25 years and is the CEO of a Nasdaq-listed mobile software company. That didn’t stop him from being duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million Bitcoin as a pledge. He … Read more

DCG’s Barry Silbert reveals crypto firm has $2 billion in debt as he tries to reassure investors after FTX – CNBC | Vette Leader

Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders trying to calm investors’ nerves in the wake of FTX’s sudden collapse. In a note to shareholders on Tuesday, Silbert addressed all the “noise” about the financial health of DCG’s subsidiaries, which include trading company Genesis, Grayscale … Read more

From $25 billion to $167 million: How a major crypto lender collapsed, taking many investors with it – CNBC | Vette Leader

The fact that Celsius filed for bankruptcy this week came as a surprise to virtually no one. Once a platform freezes customer assets, it’s usually over. But while it was expected, it remains a really big deal for the industry. In October 2021, CEO Alex Mashinsky said the crypto lender had $25 billion in assets … Read more