Judge Denies Separate Stakeholder Class in Celsius Network
In the Celsius Network bankruptcy case, the judge denies a distinct class of stakeholders and ignores CEL’s security standing. In the Celsius Network bankruptcy saga, Judge Martin Glenn has denied the request to create a distinct class of stakeholders. This decision, disclosed in a document filed on August 25, also avoided the crucial question of […]
Binance Ends Relations With Sanctioned Russian Banks
Binance servers ties with sanctioned Russian banks amidst allegations of facilitating fund transfers; the company denies claims. According to the Wall Street Journal, Binance, the leading cryptocurrency exchange, has ceased peer-to-peer operations with several sanctioned Russian institutions. This action is viewed as an effort to distance itself from allegations that have surfaced, highlighting its potential […]
Court Grants Vauld Permission to Restructure Board
Vauld, a Singapore-based cryptocurrency exchange in bankruptcy proceedings since August 2022, has received court approval to restructure its board of directors. The new upper management will oversee the company’s rescue operation. Vauld’s co-founder Darshan Bathija announced on X (previously Twitter) on August 24 that a Singapore court approved the company’s scheme of arrangement. The proposal […]
Pepe Coin Plunges by 20%: Can Bears Keep the Selling Pressure?
Pepe Coin (PEPE) has seen a huge decline in its price after large amounts of tokens were transferred to various exchanges. However, the coin still attracts many retail investors who hope for a recovery. Pepe Coin, a cryptocurrency that features the popular Pepe the Frog meme as its logo, has experienced a severe price drop […]
Tornado Cash Co-founder Released on Bail – Lawyer
Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, was arrested on money laundering and other offenses on August 23. According to his lawyer, he was released on bail shortly after detention by the United States Department of Justice (DOJ). On August 24, Storm’s attorney, Brian Klein, announced on X (formerly Twitter) that Storm […]