Today in Crypto: Celsius Hires New Lawyers
— Reported, Lawyers, Celsius, Exchange, Digital, Wrote, Million, Report, Crypto, Hires — 1 min read
India’s Directorate of Enforcement (ED) is looking into more details regarding foreign exchange violations from crypto firms. Among those summoned were executives from CoinDCX, CoinSwitch and more. Bitcoin had risen 13.63% for the seven-day trading week ending on Friday and might be having its best week since last October, Coin Metrics said. Celsius Network, the crypto network which froze withdrawals amid plunging crypto prices, is hiring new lawyers for restructuring advice, including a potential bankruptcy option, the Wall Street Journal reported Sunday (July 10) BlockFi investors are looking at the possibility that some of their holdings could be wiped out, Bloomberg wrote Saturday (July 9) Meanwhile, CoinFlex has taken legal action to recover $84 million in losses from just one customer. Source