BlockFi opens crypto withdrawals for eligible US users following court order
The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds.
The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds.
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After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees.
A look back at the rise and fall of Celsius, starting with the firm's growth during the pandemic to the arrest of its former CEO and resolutions with federal regulators.
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The U.S. SEC was at the top of BlockFi creditor's list with a $30 million settlement balance from February 2022.
"We will come up with a plan to recover the loss," said company officials.