Celsius recently confirmed that its cash deposits with Signature Bank are secured. The bankrupt crypto lender is trying to transfer its funds to other authorized depositaries. Popular Celsius creditor...
Tag: Celsius
Coinbase, Paxos, and Celsius Report Funds Tied up with Now-Shuttered Signature Bank
Several crypto firms have come forward to report their exposure to the now-shuttered Signature Bank, which was shut down by New York regulators on March 12 in conjunction with the United States Federa...
Coinbase, Celsius and Paxos disclose funds in Signature Bank
Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto firms with funds reportedly tied up with the now-shuttered Signature Bank. The crypto-friendly Signatu...
Celsius Network Open For Higher Bids Post NovaWulf Offering
13 seconds ago | 2 mins read Defi News Celsius Network said on Wednesday that it was in talks with another possible buyer. After halting client withdrawals in July, Celsius filed for bankruptcy. Despi...
Celsius used $558m in customer deposits to purchase CEL
Celsius Network, a lending company, is facing claims that it made CEL purchases worth $558 million using customer deposits. Celsius purchases spikes demand Cam Crews, on Twitter, mentioned that in pre...
Coffeezilla rips Celsius Network scandal wide open
Coffeezilla provides his perspective on the recent allegations surrounding the Celsius Network, highlighting the potential legal and financial implications of the controversy. In the world of finance,...
Crypto lender Celsius converts almost 23,000 WBTC into bitcoin
Beleaguered crypto lender Celsius converted 22,962.8 WBTC into bitcoin on Feb. 28. The transaction occurred with the consent of the Celsius creditor committee, according to a filing in the lend...
Celsius creditors tout NovaWulf deal as ‘best’ option
Legal • March 1, 2023, 5:57PM EST The Official Committee of Unsecured Creditors in the Celsius bankruptcy case said a proposed sale to NovaWulf Digital Management is “the best” option, according to a ...
WBTC Supply Drops 15% as Celsius Burns 22,732 Tokens in Two Days
A Celsius-funded wallet burned 22,732 WBTC in two days. WBTC total supply falls to 153,164, the lowest since March 2021. Dwindling WBTC supply is linked to the challenges faced by the crypto industry ...
Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius
The supply of wrapped Bitcoin (wBTC) dropped to its lowest since May 2021 after the second-largest single-day burn on Feb. 27. A total of 11,500 wBTC ($260 million) linked to now-bankrupt crypto lend...
Simon Dixon Loses $8.8 Million Worth Bitcoin on Celsius Network
Simon Dixon tweeted that Celsius Network has stolen $8.8 million worth of bitcoin from him. He also mentioned the involvement of Alex Mashinsky in the theft. Many investors came forward with their exp...
Crypto Analysts Criticize Optimistic Celsius Recovery Projections
Ben Armstrong questions the assumption of money reappearing on Celsius Network’s balance sheet. Recovery projections for Celsius Network are likely to be limited, with a potential net recovery range o...
Celsius, FTX feel investors’ wrath as lawsuits multiply
The stunning collapses of Celsius and FTX destroyed many lives — early adopters who had the foresight to understand the unique value propositions of Bitcoin (BTC) and crypto were left with practically...
NovaWulf Digital Management To Buy Celsius’ Lending Operations
Join Our Telegram channel to stay up to date on breaking news coverage Bankrupt cryptocurrency firm Celsius has found a buyer after reaching a deal with investment firm NovaWulf Digital Management. Wh...
Celsius Reaches Acquisition Agreement with NovaWulf
Bankrupt crypto lender Celsius announced Wednesday that it has selected Novawulf Digital Management, a digital asset investment firm, to help bring its high-profile bankruptcy case to a close. The sal...
Celsius Creditors to Sue Executives for Fraud
It has been proposed by the official committee of Celsius creditors that a lawsuit be filed against the company’s co-founder Alex Mashinsky and other executives for “fraud, recklessness, g...
NovaWulf will be Celsius Network’s Bidder and Plan Sponsor
Recently, Celsius Network selected NovaWulf in a deal to restart its operations. The crypto lender made an update in its recent court filing statement. The bankrupt crypto lender Celsius Network yeste...
Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11 – Bitcoin News
Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement ...
Celsius to repay users; SEC may apply custody rules to crypto
Ad The biggest news in the cryptoverse for Feb. 15 saw Celsius announce that it plans to begin paying back eligible users. Elsewhere, the SEC has proposed expanding federal custody rules to the crypto...
NovaWulf Digital Will Acquire Bankrupt Celsius, Here’s How They Plan to Pay Their Creditors
An agreement in principle has been reached for NovaWulf Digital Management to acquire bankrupt cryptocurrency company Celsius. Out of the more than 130 bids it received during its bankruptcy case, Cel...
Celsius creditors threaten to sue Alex Mashinsky and other execs
The Celsius official committee of unsecured creditors plans to file a complaint against Celsius executives on fraud, misconduct, mismanagement of funds, and other allegations. The committee blames the...
Celsius Seeks to Recover Millions From Mashinsky, Other Former Executives
“The Complaint would bring claims and causes of action against the Prospective Defendants to return millions of dollars removed from the Celsius platform” in the months before it froze withdrawals, th...
Celsius Creditors Sue Mashinsky, Other Executives
Key Takeaways Celsius creditors have filed a lawsuit against Alex Mashinsky and other Celsius executives. They seek to recover the millions that executives allegedly cashed out while before the compan...
Celsius to sell crypto platform amid Mashinsky court battle
Now-bankrupt Ponzi scheme Celsius Network has reached a deal with NovaWulf Digital Management LP to sell its crypto platform, in an ongoing bid to refund customers. Celsius must still seek the approva...
Sale of bankrupt crypto lender Celsius to Wall Street’s NovaWulf
The Celsius Network committee of unsecured creditors has put forward a filing to sell the company to NovaWulf Digital Management. Plan to sell off Celsius assets A filing has been presented to the U.S...
Celsius prepares to reopen partial withdrawals for eligible users
Ad Bankrupt crypto lender Celsius will be notifying eligible users about how they can start withdrawing assets in certain custody accounts, the firm announced on Feb. 15. Celsius included the list of ...
Bankrupt crypto lender Celsius proposes sale plan to NovaWulf
Bankrupt crypto lender Celsius Network put forward plans for a sale to NovaWulf Digital Management. Smaller Celsius creditors with less than $5,000 in their lending accounts would receive the m...
Bankruptcy court restricts KeyFi founder Jason Stone in Celsius case
KeyFi founder Jason Stone and others involved with the staking firm are barred from transferring or disposing of most property tied to the Celsius bankruptcy case, according to a temporary restraining...
Independent Group Mandates Celsius to Publish Reorganization Plan
Celsians have issued an ultimatum to Celsius to publish a reorganization plan. Celsius’ new CEO has filed a declaration under oath over restructuring activities. Customers lose trust in Celsius, doubt...
Celsius former CEO wallet dumps $480k in CEL token selloff
Ad A wallet related to Celsius former CEO Alex Mashinsky reportedly sold 90,000 Celsius tokens (CEL) for $480,000, blockchain analytical firm Peckshield reported on Feb. 14. The sold tokens originate...
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons – Bitcoin News
Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing date...