Bhutan's national investment arm, Druk Holding & Investments, has been revealed to have secretly invested millions of dollars in Bitcoin and other cryptocurrencies through insolvent crypto lenders BlockFi and Celsius, according to court records. Druk had withdrawn over $65 million and deposited approximately $18 million in digital assets over the course of three months covered by the Celsius filing. BlockFi has accused Druk of failing to return a $30 million loan, even after the lender liquidated collateral of 1,888 Bitcoin. If confirmed, this would be an unusual move for Druk, which is supposed to encourage domestic business projects. In 2021, Bhutan's central bank, the Royal Monetary Authority, collaborated with Ripple on a pilot project for a CBDC solution.

Digital asset investment firm NovaWulf is poised to take over all assets belonging to bankrupt crypto lender Celsius Network and roll them into a new company, once its creditors have been paid out.

Digital asset investment firm NovaWulf is poised to take over all assets belonging to bankrupt crypto lender Celsius Network and roll them into a new company, once its creditors have been paid out.

OPNX, the crypto exchange created by Su Zhu and Kyle Davies——the founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital, launched on April 4th. The platform's launch includes the distribution of its native token, FLEX.

Ray Youssef, CEO of the peer-to-peer Bitcoin marketplace Paxful, has agreed to refund all affected users of its Paxful Earn product, which let users earn a yield on their Bitcoin in partnership with Celsius. 

In a recent interview, Ledger CEO Pascal Gauthier shared his unwavering belief in the decentralized nature of cryptocurrencies.

On 21 March, cryptocurrency lending platform Celsius Network [CEL] received approval from the bankruptcy judge overseeing its bankruptcy case for a settlement agreement between the company, its debtors, the official committee of unsecured creditors, an ad hoc group of custodial account holders, and any non-withdrawal custody account holders. 

In a March 21 hearing, United States Bankruptcy Judge Martin Glenn signed off on an agreement allowing Celsius custody account holders the right to receive 72.5% of their crypto claims provided they approve of the settlement. Under the agreement, the claimants cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action” and digital assets not part of the settlement will be controlled by the Celsius debtors.

More than $1 billion of ether has been lost forever due to bugs and human error, according to research by Conor Grogan, director of product strategy and business operations at Coinbase.

Leading crypto exchange Coinbase disclosed it lost around $240 million in Signature Bank shut-down on Mar. 12.