The Celsius problems appear to have been simmering for years before the crypto lender filed for bankruptcy. The crypto company has seen a series of internal blunders that led to recent turmoil, according to former employees and internal documents reviewed by CNBC. Many employees painted a picture of risk-taking, disorganization and alleged market manipulation. “The … Read more
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Pictures of Sopa | Lightrocket | beautiful pictures Legal experts told CNBC that traders hoping to get their money back from failed crypto exchanges anytime soon are likely to be disappointed. Cryptocurrency trading … Read more
Voyager says it has about $1.3 billion in crypto on its platform and holds more than $350 million in cash on behalf of customers at New York’s Metropolitan Bank of Commerce. Justin Sullivan | beautiful pictures Protected Crypto Brokers Voyager Digital filed for Chapter 11 bankruptcy protection, becoming the latest victim of chaos in the … Read more
Ron Johnson during the board discussion at the CNBC Evolve New York event on June 19, 2019. Astrid Stawiarz | CNBC Enjoy technologya retail startup founded by former Apple and JC Penney exec Ron Johnson, filed for Chapter 11 bankruptcy protection on Thursday, just months after its stock market debut. securities. The company’s liquidity decreased … Read more