A federal court in New York has frozen the assets of Alexander Mashinsky, the former CEO of the now-bankrupt crypto lending company Celsius Network. Unsealed documents disclosed on Sept. 5 reveal that the court has targeted Mashinsky’s bank accounts and
In the wake of high-profile bankruptcies and regulatory actions that have left the cryptocurrency lending industry reeling, Coinbase Global Inc. is stepping in to fill the void. Through its Prime service, the U.S.-based exchange aims to attract institutional investors with
As a Wall Street Journal reported, Celsius Network, the beleaguered cryptocurrency lender, is nearing the completion of court settlements that could pave the way to recovering its customer assets. The development follows tumultuous times for the company after filing for Chapter 11
Midas Investments is shutting down as a decentralized finance platform and pivoting to so-called CeDeFi, a hybrid type of structure that combines centralized finance (CeFi) and DeFi. The decision is significant. It could indicate the direction that the decentralized finance
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