Celsius

Cryptocurrency lending firm Celsius said its reorganized company will focus only on Bitcoin mining following feedback from the United States Securities and Exchange Commission (SEC).In a Nov. 20 announcement, Celsius said the core business of the ‘NewCo’ company proposed under ...

The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo.Judge Martin Glenn of the Southern District of New York Bankruptcy Court issued a confirmation on ...

Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched.B ...

Creditors of the troubled crypto lender Celsius Network are facing an increased risk of phishing attacks as the lender's bankruptcy proceedings near their conclusion. Reports on social media have indicated a rise in phishing attacks by scammers pretending to be Stretto, the bankruptcy services pl ...

Bankrupt crypto lender Celsius Network has filed a complaint against lending firm EquitiesFirst Holdings in a bid to recoup assets.According to a sealed adversary complaint filed on Sept. 6, Celsius is seeking injunctive relief and a declaratory judgment associated with the "recovery of mo ...

A federal judge has ordered that certain bank accounts and properties connected to former Celsius CEO Alex Mashinsky be frozen following a motion from the United States Justice Department.According to a Sept. 5 filing in U.S. District Court for the Southern District of New York, a judge si ...

The legal industry has emerged as a major winner amid cryptocurrency collapses like FTX and Celsius, generating hundreds of millions of dollars for lawyers.Lawyers, accountants, consultants, analysts and other professionals have collected at least $700 million in fees from the bankruptcies ...

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 Aug. 25. The judge also declined to settle whether or not the CEL token was a security. In a motion filed on July 25 and heard before the U ...

Celsius' Mashinsky motion to dismiss deniedThe former chief executive of crypto lending platform Celsius Network, Alex Mashinsky, is back on track to face a civil fraud lawsuit after a New Yor judge denied his motion to dismiss the case.A court order issued on Aug. 4 by New York Cou ...

Bankrupted crypto lender Celsius Network reached two settlements that allows it to return assets to customers and end its bankruptcy proceedings, according to court filings on July 20. The settlements will be analyzed by Judge Martin Glenn at a hearing on August 10 and address $78.2 b ...

On July 13, authorities arrested Alex Mashinsky, the former CEO of Celsius Network. He faces criminal and civil charges stemming from his time at the cryptocurrency lending platform, which he helped co-found in 2017.Though the potential criminal proceedings of Mashinsky and indictment of C ...

The United States Attorney for the Southern District of New York and Federal Bureau of Investigation have announced fraud charges against the former CEO of bankrupt crypto lender Celsius, Alex Mashinsky.In a July 13 announcement, the U.S. Justice Department said it had charged Mashinsky wi ...

The United States Federal Trade Commission has issued a $4.7-billion fine against bankrupt crypto lender Celsius Network. However, the judgement will be suspended to “permit Celsius to return its remaining assets to consumers in bankruptcy proceedings.”According to the July 13 announcement ...

The United States Securities and Exchange Commission is taking action against Celsius Network, one of the cryptocurrency lending firms that collapsed in 2022.The securities regulator filed a lawsuit against Celsius’ former CEO, Alex Mashinsky, on July 13, charging the executive and Celsius ...

Investigators from the Commodity Futures Trading Commission have reportedly determined that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke a number of U.S. rules before the company's implosion.According to a July 5 report from Bloomberg, attorneys from the CFTC ...

The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH).The order was issued by Judge Martin Glenn, and the liquidations will pave the way for the dis ...

The four major media outlets advocating for the release of FTX customer names have opposed the decision to seal them. Meanwhile, a crypto lawyer told Cointelegraph that “there is clear evidence” of potential harm if the names were to be disclosed.According to a June 23 Reuters ...

Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker, Wintermute, assisted Celsius executives in manipulating the price of CEL (CEL) through improper market trading.According to a June 23 Bloomberg report, which cited a recent court filing, Ce ...

The platform vault contains 270,000 ETH to avoid liquidity problems The current withdrawal queue is about 28 days Total of over 6 million ether blocked on Lido As previously announced, Lido Finance's liquid stacking platform has been updated to V2 on ...

Apollo, one of the largest alternative investment management companies, is involved in a bid to acquire bankrupt cryptocurrency lender Celsius. This was reported by Coindesk sources. Celsius publicly disclosed potential buyers of its business. Sources specify that Apollo ...

The founder of bankrupt cryptocurrency lender Celsius filed a motion in court to dismiss a lawsuit filed by the New York attorney general's office accusing the entrepreneur of fraud. In January, New York State Attorney General Letitia James sued Alex Maszynski. Allegin ...

Alex Mashinsky believes fraud charges are unfounded His lawyers are demanding the case be dismissed New York State Attorney General Letitia James has said that scandalous Celsius founder Alex Mashinsky defrauded investors, regarding the cryptocurrency lender's we ...

They were accused that the split into 2 "subsidiaries" was a fraud The merger will speed up the return of investors' funds Bankrupt crypto company Celsius agrees to merge its units in the UK and US. It would be their answer to court allegations that the firms sha ...

Bhutan's largest state-owned company, Druk Holding and Investments, announced that it has been mining bitcoin for several years to diversify its investment portfolio.</div DHI CEO Ujjwal Deep Dahal said the company began showing interest in mining bitcoin when it was wor ...

Gemini and Coinbase-supported organizations are set to participate in the auction of bankrupt cryptocurrency lender Celsius' assets. These assets include a considerable fleet of mining equipment, a loan portfolio, and stakes in various startups. The auction itself is scheduled for April 25th. ...