Key takeaways Celsius is seeking court approval to start repaying customers in the coming weeks.  The company will repay its creditors using Bitcoin and Ethereum and stock in the new company....
Oct 3, 2023 06:24
The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.
Oct 3, 2023 05:14
Cohen, a mathematician and biologist, verified Celsius Network's fair value as creditors approved $2B Bitcoin and Ethereum return.
Sept 29, 2023 22:37
Stout Risius Ross, LLC, the valuation advisor for Celsius Network confirmed the accuracy of the bankrupt firm's valuation report.
Sept 28, 2023 09:01
The vast majority of Celsius creditors have voted in favor of the firm's restructuring plan.
Sept 27, 2023 04:17
"Every time I start thinking the SEC can't possibly do more to fail as an institution, it proves me naive," Deaton said.
Sept 26, 2023 18:15
At the time of writing, Shiba Memu presale had raised $3,242,388.49. One Shiba Memu (SHMU) token is going for 0.029800 USDT although expected to sell at 0.030025 USDT in the next presale stage. The...
Sept 26, 2023 07:29
Celsius has recently selected Coinbase to act as a distributor for international customers, but the deal has yet again set the SEC on edge.
Sept 26, 2023 06:32
Celsius creditors, impacted by the company’s bankruptcy, have cast their votes in favor of a reorganization plan. Significantly, this plan promises to repay them in bitcoin, ether, and equity...
Sept 26, 2023 00:25
Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC's reasoning in its Sept. 22 objection.
Sept 25, 2023 18:20
Arrington Capital founder Michael Arrington stepped down from his position as a board member of the new company that will take over the operations of bankrupt crypto lender Celsius. Arrington...
Sept 25, 2023 11:00
Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches last year.
Sept 20, 2023 05:45
Celsius Mining LLC, a player in the Bitcoin mining domain, has inked a deal to purchase Core Scientific’s Cedarvale data center. Based in Ward County, Texas, the site boasts 215 megawatts of...
Sept 15, 2023 18:17
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million.
Sept 15, 2023 16:06
While Celsius Network's founder, Alex Mashinsky, remains untainted, executive Cohen-Pavon has admitted guilt.
Sept 15, 2023 09:57
Roni Cohen-Pavon, Celsius' former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing.
Sept 14, 2023 19:28
Celsius founder Alex Mashinsky seeks dismissal of the Federal Trade Commission's (FTC) case.
Sept 12, 2023 20:04
The former Celsius CEO is currently out on bail facing multiple charges of criminal fraud and market manipulation from various U.S. regulatory agencies.
Sept 12, 2023 12:36
Crypto consortium Fahrenheit, which acquired Celsius, plans to appoint Steve Kokinos, former Algorand CEO, to lead Celsius 2.0, rebranded as NewCo, following Celsius's bankruptcy proceedings. The...
Sept 11, 2023 16:32
Bankrupt crypto lender Celsius has proposed the appointment of Algorand’s blockchain former chief executive officer Steven Kokinos as the CEO of the new company that will take over its...
Sept 11, 2023 13:52
Celsius Network reportedly owes $4.7 billion to over 100,000 creditors.
Sept 7, 2023 22:31
At the time of writing, Celsius was trading at $0.1439, up 13.87% in a day. The former Celsius CEO, Alex Mashinsk, was arrested on July 13 this year. Alex Mashinsk is facing criminal and civil...
Sept 6, 2023 16:44
A federal court in New York issued a Post-Indictment Restraining Order against Alexander Mashinsky, former CEO of the bankrupt cryptocurrency lender Celsius Network, on August 16, 2023, freezing...
Sept 6, 2023 16:10
The former Celsius CEO was arrested on July 13 and faces criminal and civil charges stemming from his involvement in the now-defunct platform.
Sept 6, 2023 15:16
Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said.
Sept 5, 2023 11:03
USBTC to host 8,500 miners belonging to Celsius at its Alpha Site. Hashrate of these machines is estimated to be 820 petahash (PH). Us Bitcoin Corp expects to be managing over 310,000 miners in...
Aug 31, 2023 20:15
Data center operator US Bitcoin Corp (USBTC) will host 8,500 Bitcoin (BTC) miners with an estimated hashrate of 820 petahash (PH) belonging to bankrupt crypto lender Celsius at its Alpha Site,...
Aug 31, 2023 18:15
Judge Martin Glenn has denied the request for establishing a separate class of stakeholders in the Celsius Network bankruptcy saga. This decision, revealed in a document filed on August 25, also...
Aug 25, 2023 19:30
The judge also declined to declare CEL token “not a security,” despite related rulings in the SEC vs Ripple case.
Aug 25, 2023 17:45
While some investors might oppose the proposal, the official committee appointed to represent junior creditors is in favor.
Aug 16, 2023 06:32
On Monday, August 14, bankrupt crypto lender Celsius Networks secured the court permission to start polling its account holders over the new proposal of repaying an estimated $2 billion in Bitcoin...
Aug 15, 2023 08:32
Bankrupt crypto lender Celsius has been granted permission to distribute voting ballots to account holders for transitioning into a user-owned company and asset distribution. The crypto consortium...
Aug 15, 2023 02:43
The settlement was reached in July and, if the customers agree, it will go before the court for approval in October.
Aug 14, 2023 21:57
According to a recent filing, the Celsius Network has announced the impending shutdown of its app. Launched in 2017, Celsius has recently been surrounded by financial controversies and legal...
Aug 13, 2023 17:36
Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely be restricted from moving funds over $10,000.
Aug 10, 2023 16:04
The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI.
Aug 7, 2023 04:56
U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”
July 25, 2023 19:03
Bankrupted crypto lender Celsius Network reached two settlements that may allow the return of assets to customers and end its bankruptcy proceedings.
July 22, 2023 15:59
Dixon called for creditors to fight to get out of the bankruptcy proceedings before BTC and ETH prices hit the estimated number to avoid another rug pull by the crypto lender.
July 19, 2023 10:59
The Israel-based GK8 was initially acquired by Celsius for $115 million in 2021.
July 18, 2023 20:01
After buying GK8 for $115 million in 2021, Celsius has recouped $44 million of that but will spend most of the sum on legal fees.
July 18, 2023 09:03
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees.
July 18, 2023 09:03
Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020.
July 17, 2023 20:00
Bankrupt crypto lender Celsius Network sent around $24 million worth of altcoins to OKX and FalconX wallets during the early hours of June 17. Data from Arkham Intelligence shows that the bulk of...
July 17, 2023 14:25
Celsius, the bankrupt crypto lender, has started selling its non-Bitcoin and non-Ethereum crypto assets, records on July 17 indicate. According to on-chain data from Lookonchain, Celsius has...
July 17, 2023 13:30
Crypto lender Celsius is selling over $24 million of altcoins following court approvals amid ongoing lawsuits and bankruptcy proceedings. The company is converting altcoins into Bitcoin and...
July 17, 2023 10:45
A look back at the rise and fall of Celsius, starting with the firm's growth during the pandemic to the arrest of its former CEO and resolutions with federal regulators.
July 14, 2023 17:00
A community member responded that they were also “pleased” to see former Celsius CEO Alex Mashinsky charged with multiple crimes.
July 14, 2023 08:47
A suspension of the fine was also granted in order to prioritize payments to creditors.
July 14, 2023 07:42
Federal Trade Commission settles with Celsius for $4.7B fine; permanently bans company from all trading activities
The Federal Trade Commission (FTC) permanently banned bankrupt lender Celsius (CEL) Network “from offering, marketing, or promoting any product or service that could be used to deposit,...
July 13, 2023 18:20
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