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Celsius Network LLC is a bankrupt cryptocurrency lending company. Headquartered in Hoboken, New Jersey, Celsius maintained offices in four countries and operated globally. Users could deposit a range of cryptocurrency digital assets, including Bitcoin and Ethereum, into a Celsius wallet to earn a percentage yield, and could take out loans by pledging their cryptocurrencies as security. As of May 2022, the company had lent out $8 billion to clients and had almost $12 billion in assets under management.
Three Arrows Capital was a Singapore-based cryptocurrency hedge fund which was ordered to liquidate on 27 June 2022 by a court in the British Virgin Islands. It was founded in 2012 by Kyle Davies and Su Zhu. The company borrowed billions of dollars to fund its trading, and according to July 2022 bankruptcy filings, faces $3.5 billion in creditors' claims. The fund appears to have lost in excess of $3 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time.
References
- ↑ "How 'Baby Al Capone' Pulled Off a $24 Million Crypto Heist". rollingstone.com.
- ↑ "The 15-year-old boy who stole $24 million in cryptocurrency". english.elpais.com.
- ↑ "When Crypto Scammers Stole $23 Million, This Victim Found Them". bloomberg.com.
- ↑ "'Evil mastermind of cyberscam was Ellis Pinsky, 15'". thetimes.co.uk (Archived).
- ↑ Barr, Kyle (2022-10-14). "SIM Card Swindler 'Baby Al Capone' Agrees to Pay Back $22 Million to Hacked Crypto Investor". Gizmodo.
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