Key Takeaways Celsius CEO Alex Mashinsky wants to rebrand Celsius to “Kelvin,” according to the New York Times. Under the plan, the company would pivot away from lending and offer crypto asset custodi...
Tag: Celsius
Celsius Is Allowed to Sell All Its BTC
Crypto lending platform Celsius Network has received permission from the judge overseeing its bankruptcy case to sell all the bitcoin it holds. The company has overcome opposition from unsecured credi...
The U.S. Regulator Alleges Celsius for Misleading Investors
Vermont Regulators alleges that Celsius is misleading the crypto investors. The regulator claimed that the Company’s Chief Executive has made false claims to investors about the company’s ...
Celsius price: CEL dips 17% as crypto struggle to hold gains
Celsius (CEL/USD) price fell by as much as 17% on Monday amid an overall struggle across crypto assets. The CEL token, which had pumped by more than 13% late Sunday amid a short squeeze, fell from hig...
Celsius token among top ten 24 hour gainers, up 13%
Celsius (CEL) entered the list of top 10 gainers in the last 24 hours after posting the eighth highest gain for the day at 13.41%. Celsius developments Since forming a local bottom of $0.86 on August...
Vermont regulators accuse Celsius of misleading investors
Join Our Telegram channel to stay up to date on breaking news coverage Vermont regulators have accused struggling crypto lending firm Celsius of misleading investors. The regulators opined that the fi...
Celsius Accused of Misleading Investors by U.S. Regulators
Alex Dovbnya Celsius is under fresh regulatory scrutiny in the US following the firm’s collapse According to a Friday report by The Wall Street Journal, Vermont regulators believe that embattled...
Regulators Call Out Celsius Crypto Lender for Misleading Investors Over Financial Trouble – crypto.news
Crypto lender Celsius continues to face more scrutiny from regulators amid its bankruptcy crisis. On Wednesday, the circumstances leading to the firm’s failure came to question that it allegedly hid i...
Celsius Had Been Insolvent Since 2019: Vermont Regulator
Vermont state officials have asked for broader powers to investigate Celsius, alleging that the troubled cryptocurrency exchange artificially inflated the price of its CEL token at the expense of reta...
Celsius Confesses Not Having Earned Enough Revenue to Support Yields Being Paid to Investors
– Advertisement – Celsius Confesses that Business Never Made Sufficiently Revenue to Fund Yields. The Vermont Department of Financial Regulation has accused Celsius of running a Ponzi ...
Did Celsius Network Manipulate CEL Token? Here’s What Bankruptcy Regulator Has To Say – Coinpedia – Fintech & Cryptocurreny News Media
Crypto lender Celsius continues to take unexpected turns now. After accusing the former manager of stealing millions of dollars, the bankrupt lender has now faced big trouble. The Vermont Department o...
Celsius borrowers oppose US Trustee’s move to appoint internal examiner
McCarter & English, a law firm representing four Celsius borrowers, has filed a motion asking for the appointment of a chapter 11 Trustee instead of an internal examiner from the U.S. Trustee’s of...
Vermont Regulator Implies Celsius Insolvency Since 2019, Requests Closer Financial Look
As Celsius’ bankruptcy case drags on, more and more evidence of financial misconduct – or at the very least, mismanagement – seems to be coming to light. Prior reports had already indicated that the c...
Celsius Crypto Borrowers Call for Bankruptcy Trustee, Oppose US DOJ Move to Appoint Examiner
The regulator went so far as to imply that Celsius operated like a Ponzi scheme, saying the company’s admission that it did not generate enough revenue to support its yield product “shows a high level...
Celsius manipulated CEL token to bolster balance sheet, filing says
A new bankruptcy filing from the Vermont Department of Financial Regulation reveals that regulators were concerned that as early as 2020, Celsius was paying yields to some existing investors with the ...
Vermont Regulator Supports Independent Examiner in Celsius Case
The Vermont state regulator has submitted a filing to the bankruptcy court, showing support for an independent examiner. The filing says that Celsius had not been transparent regarding its financial s...
Celsius crypto lender misled investors over financial troubles, says regulator
The circumstances surrounding the failure of the crypto lender Celsius continue to take unexpected turns, with the company declaring bankruptcy, accusations being leveled against a former manager for ...
40 State Regulators are Opening Celsius’ Books in Search of Fraud
Vermont joins 40 other state regulators in their pursuit of Celsius’ true financials Celsius’ liabilities may have exceeded its assets as far back as February 2019, Vermont’s regulator alleges Vermont...
Celsius In Fresh Trouble: New Court Filing Says Company Hid Financial Woes, Misled Investors
According to a court document from the Vermont Department of Financial Regulation, bankrupt cryptocurrency lender Celsius Network made “false and misleading claims” regarding its “financial health and...
Vermont Regulators Didn’t Use the Word, but I Will: Celsius Was a Ponzi
The Vermont filing also explores the role of the CEL token in Celsius’ finances. “If Celsius’ net position in CEL is excluded, its liabilities exceed its assets in all of the Freeze Reports and Prelim...
Celsius co-founder declares his equity is ‘worthless’ in court
A Celsius Network co-founder has moved in court to declare the entirety of his equity stake in the embattled crypto company as “worthless.” In a Monday document to the United States Bankruptcy Court, ...
Online Hate—Like Violent Crime—Soars With High Temperatures, Study Suggests
Topline Extreme heat can not only lead to a rise in violent crime, it also helps fuel an increase in online hate speech on Twitter, according to a study published Wednesday in the Lancet, a cautionary...
Crypto Lender Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
“During the course of the multistate investigation, it has become clear that Celsius, through its CEO Alex Mashinsky and otherwise, made false and misleading claims to investors about, inter ali...
7 Critical Events in the Celsius Bankruptcy Case
Creditors, including retails depositors, still don’t know how much of their assets they can recover, and when Celsius struggles to balance operating its remaining businesses, grappling with legal batt...
Celsius Lines Recession Renewal Request for a Small Number of Guests – crypto.news
Celsius has requested the release of $50 million from the total $225 million held in the Custody Program and Withhold Accounts. The Celsius Network, which is now an embattled crypto lender, solicited ...
Celsius is looking for $70M from loan reimbursement
Celsius expects to get a $70 M loan reimbursement. The loans are anticipated to be repaid by October 7. Celsius, a bankrupt crypto lending company, is looking for $70 million from loan reimbursement t...
Celsius Rockets 50% in Seven Days- Here’s Why
Join Our Telegram channel to stay up to date on breaking news coverage The Celsius (CEL) coin gained significant positive traction on Friday, reaching an intra-day high of around $1.67 after reaching ...
Celsius network files motion to allow some customers to withdraw assets
Join Our Telegram channel to stay up to date on breaking news coverage Celsius, a troubled crypto lender that filed for bankruptcy two months back, has filed a motion with the US Bankruptcy Court to p...
Celsius shareholder BnkToTheFuture set to acquire crypto lender Salt
BnkToTheFuture, an investment platform that allows its clients to invest in crypto, fintech companies and tokens, is set to acquire Salt Lending. According to an announcement today, BnkToTheFuture has...
Celsius to receive $70 million as per latest filing; liquidation may still be on the cards
Court filings made by Kirklan & Ellis LLP, the law firm representing Celsius, revealed that the bankrupt crypto lender is expecting an influx of cash in the first week of October. According to th...
Celsius Files to Resume Withdrawals for Select Customers
Several weeks after filing for bankruptcy protection, the troubled cryptocurrency lender, Celsius Network, is seeking court approval to allow a small group of customers to withdraw their digital asset...