Tag: Celsius
Bankrupt Crypto Lender Celsius Network Files to Recover Assets from Equities First
EquitiesFirst is a private lending platform that owed Celsius some $439 million worth of cash and bitcoin (BTC) as of July 2022. Celsius first took co [...]
Former Celsius CEO Mashinsky’s Assets Ordered Frozen by U.S. Court After Arrest on Fraud Charges
On August 16, New York Judge Jed Rakoff issued an edict forbidding financial institutions from selling assets in a number of Goldman Sachs bank accoun [...]
Judge denies stakeholders request for representation in Celsius bankruptcy case
Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on [...]
Celsius Token Holders Lose Bid to Hike CEL Valuation
Creditors of the bankrupt crypto lender argue it should be valued at $0.80, its nominal price when the company collapsed, despite allegations of marke [...]
Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval
Creditors will be sent ballots to vote on the plan, involving the sale of assets to a consortium including Arrington Capital and miner U.S. Bitcoin Co [...]
Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay
Bankrupt crypto lender Celsius can start sending out ballots to its customers for a vote on a proposed settlement plan that would see a consortium cal [...]
Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more
Celsius' Mashinsky motion to dismiss deniedThe former chief executive of crypto lending platform Celsius Network, Alex Mashinsky is back on track to f [...]
U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Former Celsius CEO Alex Mashinsky, Attorneys Tell Judge
According to the DOJ's attorneys, they need that time to process a wealth of Celsius’ corporate records and communications, including the 1,200 videos [...]
What criminal charges for Celsius ex-CEO mean for crypto industry
Celsius was one of the top lenders in the crypto ecosystem during the bull market in 2021. At its peak, it served 1.7 million customers and managed $2 [...]
Celsius Network reaches settlements to exit bankruptcy
Bankrupted crypto lender Celsius Network reached two settlements that allows it to return assets to customers and end its bankruptcy proceedings, acco [...]
Celsius could repay all USD claims if Bitcoin, Ether prices rose by 2X: Simon Dixon
Bankrupt crypto lender Celsius is battling a Chapter 11 bankruptcy with billions of dollars in claims made by various parties. A new estimate by the B [...]
Ripple (XRP) Court Ruling Unlikely to Impact Celsius Wind-Up, Crypto Lender’s Counsel Says
The XRP ruling could impact creditor repayments for holdings of Celsius’ token CEL, given U.S. bankruptcy rules which apply a mandatory downgrade to c [...]
Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale [...]
Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale
Bankrupt crypto lender Celsius, its creditors, and its Series B holders have agreed on a settlement to distribute $25 million from the proceeds of the [...]
Celsius Moves $59M of Altcoins in Possible Prelude to Converting Into BTC, ETH
The U.S. bankruptcy court granted the crypto lender permission to sell its altcoin holdings for BTC and ETH starting in July.
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