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Tag: Celsius
CEL Price Surged 50% After Celsius Reopens Withdrawals Of $50 M
Celsius announced that users could cumulatively withdraw up to $50 million from all the locked accounts. These funds are for users who own Celsius Custody Program and Withhold Accounts. This latest de...
Celsius wants to release $225M in customer funds
Celsius filed a petition looking for the authority to release several customer accounts. The company stated that “the funds kept in the Custody Program and Withhold Accounts do not belong to the compa...
Celsius’ latest bankruptcy court hearing sets stage for future decisions
The latest hearing in lender Celsius’ Chapter 11 bankruptcy case is setting the stage for future key decisions, but little tangible action was accomplished on key issues today. The hearing came ...
CEL climbs 50% as Celsius Network aims to return $50M to clients
The price of CEL soared by nearly 50% as traders assessed its parent firm Celsius Network’s inclination to return a portion of the locked funds to its customers. No CEL-ling pressure for now On the da...
Celsius seeks to reopen withdrawals for certain customers
Crypto lender Celsius, which halted client withdrawals in June and filed for bankruptcy in July, is seeking to reopen withdrawals for select customers. In a filing submitted Thursday in the Bankruptcy...
Celsius expects to receive $70M loan repayment to fund operations beyond November
Crypto lender Celsius expects $70 million from loan repayments that will extend its runway cost beyond November. The cash flow forecast submitted by Celsius during the bankruptcy hearing on Sept. 1 di...
Bankrupt Crypto Lender Celsius Seeks to Reopen Withdrawals for Specific Customers – Bitcoin News
Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody account holders....
Celsius Asks to Return Some Customer Funds in Court Filing
Bankrupt crypto lender Celsius today said in a court filing that it would seek to return some—but not all—of its customers’ funds. The company said it wanted to release nearly $50 million in digital ...
Celsius Bankruptcy Second Hearing Scheduled for September 1st as Section 327 Retention Concern is Raised – crypto.news
Kirkland, who is part of the Celsius Network defense team, claims that the representation of Voyager does not give rise to a Section 327 retention concern. David Adler, in a tweet, expressed concerns ...
Celsius Price Analysis: Multiple Resistance Are There to Interrupt CEL Rebound
The Celsius is showing an amazing gain of 22% in market cap. In the intraday trading session, CEL price is taking resistance at the 50-day moving average. Amid token’s accumulation, ...
Celsius Customers in Australia Try Desperately to Get Their Crypto Back
Australia and crypto are becoming a huge pair, which is why so many people in the nation flocked to the Celsius Network earlier in the year to obtain potential interest on their coins. Thus, we can un...
Celsius Clients File Lawsuit To Get Back $22,500,000 in Crypto Assets From Bankrupt Digital Asset Lender
A group of Celsius Network custody wallet customers is suing the bankrupt lending platform in an effort to reclaim more than $22.5 million worth of funds. In a new lawsuit filed on Wednesday, individu...
Celsius Network to Return Only 22% of Customer Funds
Embattled cryptocurrency lender Celsius Network has told a New York bankruptcy court in a filing that it will pay back about 22% of funds held in custody to 58,300 customers whose assets are assets va...
The third bankruptcy hearing of Celsius inclined toward clients’ relief
The bankruptcy hearing of Celsius on Thursday was mainly focused on custodial account holders. No, any final conclusion was made during Thursday’s hearing. The clients of celsius network want their mo...
Celsius Will Permit Withdrawals for Minority Customers
53 mins ago | 3 mins read Editors News Cryptocurrency owners who use Celsius’s Custody and Withhold Accounts are still permitted to do so. Celsius cannot refuse to transfer amounts below $7,575. The ...
Good news to all Celsius users as it files a new motion 1
Celsius has released a new update saying that it had just submitted a new motion which will see select platform users will be able to take funds. According to the statement, the firm noted that it fil...
Bitcoin Sideways Action at $20K Goes on as Celsius Network (CEL) Skyrockets 28%: Market Watch
During the past day, most of the cryptocurrencies managed to recover slightly from the previous choppy price action. This resulted in the total market capitalization reclaiming the coveted $1 trillion...
Bankrupt Celsius Seeks to Return $50m of Locked Crypto for Custody Holders
Celsius Network, a bankrupt crypto lending firm, on Thursday, filed to return funds to crypto custody holders who are locked out of their accounts, Bloomberg reported. The move by the company comes ah...
Some Celsius users may soon get their crypto back
Celsius is asking the court for permission to return crypto to the value of around $50 million belonging to custody accounts. Most holders of crypto on the stricken Celsius platform stored their asset...
Celsius Faces Another Group of Customers over Unpaid Funds
According to the account holders, Celsius still holds the same type of cryptocurrencies that they deposited, and the funds remain separate from the rest of Celsius’ funds. A group of custodial-account...
Celsius Wants To Reopen Withdrawals For Some Customers, Here’s Why
Celsius has been in the thick of bankruptcy proceedings for about two months now. There have been various revelations about the company’s financials and how it viewed various subsets of its customers....
Celsius wants to return $210 million worth of custody assets
Crypto lender Celsius Network, which started Chapter 11 bankruptcy proceedings in July, wants to return customer assets in the custody program and withhold accounts worth around $210 million, the firm...
Celsius Seeks To Open Custodian Account Fund Withdrawals, Files Motion
Bankruptcy ridden crypto company Celsius had on Thursday filed a motion seeking to reopen customer withdrawals. The motion sought entry of an order authorizing the debtors to reopen withdrawals for cu...
Celsius’ Third Bankruptcy Hearing Yields Little in the Way of Customer Relief
Another hearing for the ongoing bankruptcy case is scheduled for Sept. 14, 2022, though the judge also suggested a separate session to hash out the differences may be beneficial. There is also a heari...
Celsius Wants to Unfreeze $225M in Customer Funds
Key Takeaways Celsius filed a motion today seeking the authorization to unfreeze a number of customer accounts. The crypto lending platform argued that funds stored in its Custody Program and Withhold...
Creditors file fresh suit against Celsius seeking $22.5M reimbursement
A new group of creditors has filed a lawsuit against Celsius Network seeking repayment of roughly $22.5 million held in the company’s custodial account. On Aug.31, an ad hoc group of 64 individuals re...
Crypto Lender Celsius Faces Another Group of Customers Who Want Their Money Back
According to the filing, the group’s cryptocurrency is deposited in custodial accounts rather than the yield-generating “Earn” product. This means Celsius should have held the funds in segregated stor...
The United States Trustee’s Requests an Independent Examiner on Celsius – crypto.news
The US trustee overseeing Celsius’ bankruptcy proceedings has requested the appointment of an independent examiner to ‘untangle’ Celsius’ financial affairs and commercial operations. Celsius Falls i...
Celsius bankruptcy proceedings show complexities amid declining hope of recovery
Celsius Network is one of the many crypto lending firms that have been swept up in the wake of the so-called “crypto contagion.” Rumors of Celsius’ insolvency began circulating in June after the cryp...
Celsius Price Analysis: A 100-DMA is The Last Hope of CEL Investors
The Celsius token hit a 30-day low on a downside. The bears pushed CEL prices below the key DMAs of 20, 50 and 200. Buyers are praying for recovery as CEL is down 49 per cent this week. After reaching...
Celsius Community Member Proposes Tokenization Plan; #CELshortsqueeze Campaign Fights Super-Whale – crypto.news
The Celsius community has been in disarray since the crypto lender halted all withdrawals from the platform and filed for chapter 11 bankruptcy. It’s estimated that Celsius went under with more than $...