VRB News
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
VRB News
No Result
View All Result
Home IT news

Next bad sign? – Celsius hires additional insolvency administrators

admin by admin
June 28, 2022
in IT news
0
Next bad sign? – Celsius hires additional insolvency administrators
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

According to media reports, the crypto savings platform Celsius Network has sought further external help to stop the impending insolvency.

As the Wall Street Journal reported on Friday, Celsius has now probably brought several insolvency administrators from the economic consultancy Alvarez & Marsal on board, who are supposed to show the crypto company how an insolvency can be prevented or possibly settled. The involvement of external consultants is not reprehensible in and of itself, however, the crypto Savings Bank had already hired a “debtor consultant” on June 14, who was supposed to help with the restructuring of liabilities. Against this background, further externals probably mean nothing good.

Steady lads https://t.co/5YAdmq5kt8

– Ben McKenzie (@ben_mckenzie) June 24, 2022

Celsius has been in the spotlight of the crypto industry since mid-June, after the savings platform itself faltered due to the imbalance in the crypto market and then decided to “temporarily turn off all withdrawals”. Since the announcement on June 12, CEO Alex Mashinsky and the management have been largely silent, and a week later the company had confirmed that it would initially reduce public communication.

Meanwhile, the American supervisory authorities in the states of Texas, Alabama, Kentucky, New Jersey and Washington have also set their sights on the developments around Celsius, because as Joseph Rotunda from the Texas Securities and Exchange Commission explains, the withdrawal freeze and the impending total loss of invested Bitcoin primarily affects small private investors, who may need access to their funds all the more urgently in a difficult macroeconomic situation.

The users of the German Neobank Nuri are also directly threatened by the dilemma of Celsius, because the Bitcoin income account of the financial service provider is based on cooperation with the faltering crypto company.

Previous Post

Very interesting news in the next Oculus SDK

Next Post

t3n – digital pioneers / The magazine for digital business

admin

admin

Related Posts

Ethereum-Mitgründer Vitalik Buterin
IT news

Vitalik Buterin: "Crypto Must Prove Its Usefulness by 2032"

August 12, 2022
“Decentralized Finance needs more usability”
IT news

“Decentralized Finance needs more usability”

August 11, 2022
IT news

Elite Dangerous launches on December 16

August 11, 2022
Theta Network Prognose: THETA Kurs 2022, 2025 und 2030
IT news

THETA Course 2022, 2025 and 2030

August 11, 2022
Chip group benefits from the boom in electric cars
IT news

Chip group benefits from the boom in electric cars

August 11, 2022
Next Post
t3n – digital pioneers / The magazine for digital business

t3n - digital pioneers / The magazine for digital business

Premium Content

India relies on AI to fight diabetes blindness

India relies on AI to fight diabetes blindness

November 7, 2021
Insurance startup Lemonade with chat-bot was the best IPO in 2020

Insurance startup Lemonade with chat-bot was the best IPO in 2020

July 11, 2020

“Telecamera” is targeting the secondary market

August 17, 2020

Browse by Category

  • Games
  • IT news
  • Tech
  • World
VRB News

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • Vitalik Buterin: "Crypto Must Prove Its Usefulness by 2032"
  • “Decentralized Finance needs more usability”
  • Elite Dangerous launches on December 16

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?