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Category: FTX

BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion

Celsius’ lead investor BnkToTheFuture has outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform. Shared on Twitter by BnkToTheFuture CEO Simon Dixon on Thursday, the three distinct proposals include either two options of restructuring and relaunching…

Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model

Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model

It’s been another day of watching the ripples of contagion spread through the crypto market. With Three Arrows Capital (3AC) being ordered into liquidation by a British court, details have also emerged on Thursday of BlockFi liquidating a $1 billion loan to 3AC, and the fallout from the insolvency was…