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Celsius Creditors May Get “Rug Pulled” Due To Rising Crypto Prices: Analysis

Celsius Creditors May Get “Rug Pulled” Due To Rising Crypto Prices: Analysis

Though most crypto investors have good reason to be optimistic this week, Celsius creditors may be in for a bad deal if digital asset prices continue to climb. The bankrupt crypto lending firm may soon be able to pay its cash-based debts simply by liquidating its newly profitable Bitcoin (BTC) and Ethereum (ETH) holdings alone. […]

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Mt. Gox Creditors to Receive Repayments Soon, Trustee Plans Distribution of BTC, BCH, and Yen

Mt. Gox Creditors to Receive Repayments Soon, Trustee Plans Distribution of BTC, BCH, and Yen

Source: AdobeStock / 24K-Production Nobuaki Kobayashi, the trustee overseeing the Mt. Gox Bitcoin exchange’s estate, has initiated communication with rehabilitation creditors, indicating the imminent start of repayments. This development follows the notorious 2014 hack that resulted in the loss of 850,000 BTC. As of November 21, Kobayashi began sending emails to rehabilitation creditors outlining the

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