Celsius Network founder and former CEO Alex Mashinsky allegedly withdrew $10 million from the crypto lending platform just weeks before the company froze customer funds and declared bankruptcy. The wi...
Tag: Celsius
Bankrupt Crypto Lender Celsius Founder, Alex Mashinsky, Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
A Mashinsky spokesperson, cited by the paper, said that the entrepreneur had disclosed to an unsecured creditors committee (UCC) in the bankruptcy proceedings that he and his family had $44 million in...
Celsius Files for Account Holder Loan Obligations – crypto.news
Crypto loans-based bankrupt company Celsius filed for account holder loan obligation on Friday. In a statement, the company said it is not looking for commitments on loan repayment for its outstanding...
DOJ Seeks to Block Celsius Motion to Reopen Withdrawals
The Department of Justice (DOJ) is objecting to a motion by troubled cryptocurrency lender Celsius, seeking to reopen withdrawals for selected customers. Since Celsius halted withdrawals in June, the ...
Justice Department seeks to block withdrawal motion in Celsius case
The representative for the Department of Justice in the Celsius bankruptcy case is looking to block the firm’s attempt to reopen withdrawals for certain customers until after an independent inve...
Celsius Users Still Confused About Taxes as Court Battles Continue – crypto.news
As questions around Celsius restructuring and fund recovery continue, investors continue to express their worries about tax. Following its fall a few months ago, Celsius has constantly been fighting l...
Celsius Mining claims hosting provider Core Scientific violated bankruptcy terms
Celsius Mining, the mining arm of the bankrupt crypto lender, filed a motion Wednesday against its hosting provider Core Scientific, accusing the company of breaching their agreement and violating ban...
Amidst bankruptcy proceedings, Celsius head Mashinsky resigns
Join Our Telegram channel to stay up to date on breaking news coverage 2022 has been more or less, a period of total chaos for the Defi sector. As one of the most successful blockchain categories, Def...
Celsius Drops New Update Over Outstanding Loans
Celsius, bankruptcy ridden digital asset lending firm is reportedly not trying to impose payment obligations for outstanding loans. Earlier, Alex Mashinsky, CEO of Celsius resigned from his position. ...
Celsius Network shouldn’t Reopen Custody Withdrawals:- U.S. Trustee
On July 13, Celsius Network Filed bankruptcy under Chapter 11 under bankruptcy rules. In September, Celsius filed a plea in the court to use its Custody Withdrawals to clear its debts. Celsius Netw...
DOJ Official Objects to Withdrawal Request by Celsius Network
Defi News U.S. Trustee William K. Harrington filed paperwork with the court. Harrington criticized Celsius’s timing for releasing the money. Resuming withdrawals is a top priority for Celsius, but the...
Crypto Lender Celsius Shouldn’t Reopen Custody Withdrawals, US Trustee Says
The company’s motion to reopen withdrawals would apply only to customers holding “pure custody assets,” which Celsius has failed to define. The objection claims that distributing funds to a limi...
Creditors Of Celsius Move To Equities First For Repayment
Creditors Of Celsius Move To Equities First For RepaymentEquities First still owes $439 millionSeptember 30, 2022Crypto lending firm Celsius creditors have moved to subpoena-based Equities First...
Crypto Investors Ruined by Celsius but now Battling Back
Thousands of users who used the bankrupt Celsius Network to bet on cryptocurrency are coming together on Telegram and Twitter to recover their assets in bankruptcy, which is a tall order. Celsius vs I...
Celsius Withdrawals Must Remain Closed: DOJ
Key Takeaways On September 1, Celsius filed for court approval to release $225 million of locked funds to creditors. Now, U.S. Trustee William K. Harrington has filed an objection to that request and ...
Celsius: Multiple state regulators move to stop stablecoin sale, details inside
Court filings made by the states of Texas and Vermont have become the latest developments in the Celsius bankruptcy saga. State regulators from both states have filed separate motions, objecting to t...
Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
Celsius filed for bankruptcy in July, and the case is now moving through the U.S. Bankruptcy Court for the Southern District of New York. The latest filing from the Texas State Securities Board and th...
Celsius Sale Plan Facing Objection from Texas and Vermont Regulatory
The regulators of Texas and Vermont express dissent to Celsius’s plan to sell its stablecoin holdings. According to the filing Celsius can continue alleged securities violations and a general la...
Celsius stablecoin sale plan faces objections from securities regulators
State securities regulators in Texas and Vermont are objecting to crypto lender Celsius’s plan to sell its stablecoin holdings. The Texas State Securities Board, the Texas Department of Banking ...
Court appoints examiner in Celsius bankruptcy case
The court has approved an examiner for the Celsius bankruptcy case, according to a new order signed by bankruptcy judge Martin Glenn. The U.S. Trustee, the representative of the Department of Justice ...
State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins – Coinotizia
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on Sept...
State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins – Bitcoin News
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on Sept...
FTX readies bid as Celsius goes up for sale
Celsius has filed to allow intrested parties to start submitting bids for its assets. This follows reporting by Bloomberg that FTX has been considering entering a bid for Celsius’ assets. FTX has been...
Celsius Creditors moves to recoup $439M through EquitiesFirst subpoena
Celsius’ Committee of Unsecured Creditors has filed a motion asking the bankruptcy court to issue a subpoena to EquitiesFirst Holdings (EHF) for failing to repay approximately $439 million owed to Cel...
Sam Making More Acquisitions: Will FTX Acquire Celsius?
In a brutal bear market where multiple crypto executives have stepped down, Sam Bankman-Fried has stepped up to rescue troubled companies. Will Celsius be its next acquisition? After acquiring the ass...
Says Celsius Has Sent Restructuring Plan to UCC – crypto.news
In a Twitter space held by Digital Asset News last week, Celsius CEO Alex Mashinsky broke his long silence about the crypto lender’s bankruptcy mess. Simon Dixon Accuses Mashinsky of Lying Mashinsky g...
Sam Bankman-Fried May Scoop Up Bankrupt Celsius’ Assets: Report
Sam Bankman-Fried, helms crypto exchange FTX and trading firm Alameda Research, is considering buying the assets of the bankrupt lending firm Celsius, according to a Bloomberg report citing “a person ...
FTX’s Bankman-Fried Considering Celsius Bid
Sam Bankman-Fried’s FTX recently won an auction for Voyager assets Bankman-Fried had previously declined to bail out Celsius Network The former CEO of Celsius Network resigned after the company’s cred...
FTX’s Bankman-Fried considering Celsius bid: Bloomberg
FTX CEO Sam Bankman-Fried is considering bidding on bankrupt Celsius Network’s assets, Bloomberg reported late Tuesday. The cryptocurrency exchange is also working on closing a $1 billion fundin...
Crypto Asset Billionaire SBF is Eyeing Up Celsius Assets
Hot on the heels of the announcement that the former CEO of Celsius Network, Alex Mashinsky, resigned from his position as CEO is Sam Bankman-Fried (SBF)- the fellow crypto billionaire that has been b...