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Celsius Spent Over $40m on Crypto Mining in First Two Weeks after Bankruptcy

Celsius Network LLC used more than $40 million in cash on its startup mining operation in the first two weeks after filing for bankruptcy, according to a report from the Wall Street Journal (WSJ). The report stated that Finance Chief Chris Ferraro had announced at a meeting with creditors on Aug 19, 2022. In response …

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Ripple Labs interested in bankrupt crypto lender Celsius’ assets

San Francisco-based blockchain payments company Ripple Labs Inc, which is embroiled in a high-profile battle with the U.S. securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson. “We are interested in learning about Celsius and its assets, and whether any could …

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Ripple Discloses Interest in Bankrupt Crypto Lender Celsius Network

Blockchain payments firm, Ripple Labs Inc, is reportedly interested in the bankrupt crypto lending platform Celsius Network. As reported by Reuters, a company spokesperson gave insight into the company’s interest but failed to state in what capacity the payments unicorn hopes to show interest. “We are interested in learning about Celsius and its assets and …

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