business bankruptcy

Celsius customers with collateral stuck on failing crypto platform turn to bankruptcy process for relief

Celsius customers with collateral stuck on failing crypto platform turn to bankruptcy process for relief

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

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FTX says it could have over a million creditors in new bankruptcy filing

FTX says it could have over a million creditors in new bankruptcy filing

The FTX logo with crypto coins with a 100 dollar bill is shown for illustration. FTX has filed for bankruptcy in the United States, seeking court protection as it seeks a way to return money to users. jonathan raa | Nurphoto | Getty Images Embattled cryptocurrency exchange FTX could have more than a million creditors, …

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