Bankruptcy filing: Celsius says it expects ~$70M of “proceeds from the repayment of USD denominated loans”, which could help it operate through the end of 2022 (Krisztian Sandor/CoinDesk)

CoinDesk:
Court filing: Celsius ex-CEO Alex Mashinsky, ex-CSO Daniel Leon, and CTO Nuke Goldstein withdrew ~$56M between May and June 2022 before the lender’s bankruptcy  —  Ex-CEO Alex Mashinsky, ex-CSO Daniel Leon and CTO Nuke Goldstein pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May …

Adam Morgan McCarthy / The Block:
Mike Novogratz’s Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021  —  – Mike Novogratz’s Galaxy Digital agreed to buy GK8 from Celsius.  — GK8 was originally acquired by Celsius for $115 million in late 2021.

Zi Wang / Decrypt:
Days after Celsius shared all of its users’ names and transaction histories in a bankruptcy filing, a website launches that lists who likely lost the most money  —  Using data likely pulled from its bankruptcy filing, a new tool now shows exactly how much different users lost following Celsius’ collapse.

Nikhilesh De / CoinDesk:
Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender’s finances and used its own CEL token to bolster its balance sheet  —  The crypto lender admitted in a recent creditor call that it could not earn enough revenue to support its yields, the Vermont Department of Financial Regulation said.

Krisztian Sandor / CoinDesk:
A look at what went wrong at decentralized lending protocol Maple Finance, as $54M in loans, or 66% of its lending pools, turn bad and what could happen next  —  Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade.

Krisztian Sandor / CoinDesk:
Block’s bitcoin-focused TBD subsidiary partners with Circle to build infrastructure for cross-border, dollar-linked stablecoin transfers and savings  —  The partnership aims to improve people’s access to dollar-linked stablecoins in countries with rapidly devaluing currencies.