Bankrupt Celsius Gets Court OK to Hand Out $2.8 Million in Staff Bonuses
Celsius has also asked the court to let it sell $18 million of user-deposited crypto to pay its bills, in a tussle over who the assets belong to.
Source: businessinsider.com
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FTX's Celeb Endorsements Were a Big Red Flag, Says Bitcoin Family
"Too many influencers were paid too much money to promote that one," the father of the family Didi Taihuttu told CNBC about FTX.
Source: businessinsider.com
Binance CEO Targets $1 Billion to Invest in Distressed Crypto Assets
The head of Binance said he plans to launch the fund soon given "the industry needs saving now, not in 2023," per Bloomberg.
Source: businessinsider.com
Crypto Exchange Kraken Freezes FTX-Linked Accounts to Protect Creditors
Crypto exchange Kraken said it has frozen accounts owned by FTX and Alameda Research to protect creditors after talking to law enforcement authorities.
Source: businessinsider.com
Nouriel Roubini Suggests FTX-Binance Deal Shows Crypto Is a Ponzi Scheme
Economics professor Nouriel Roubini pointed out FTX itself had been bailing out struggling companies before having to be rescued itself.
Source: businessinsider.com