Celsius has filed a proposal to liquidate Bitmain coupons and credits for $14.4 million as it risks hitting a liquidity wall. The liquidity trouble deepened for the crypto lender after the court order...
Tag: Celsius
Celsius Looking to Raise $14.4M Selling Bitcoin Mining Coupons and Credits
In another attempt to collect funds to repay creditors, the now-bankrupt crypto lender Celsius is now looking to sell $14.4 million in coupons and credits for Bitcoin mining company Bitmain. The propo...
Celsius’ CEO publisher cancels his ‘Mashinsky Method’ book
Alex Mashinsky’s planned book on financial literacy has been shelved. The publisher is currently working to remove all references from the internet following the Celsius mismanagement causing its fili...
Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors
The unsecured committee of creditors and others involved in crypto lending firm Celsius’ bankruptcy case have objected to a motion from the debtors delaying a reorganization plan. In separate Feb. 8 c...
Celsius Faces ‘Looming Liquidity Cliff in June’, Says Creditors Committee
Individuals involved in Celsius’ bankruptcy case objected to a motion made by the defunct crypto lender that would extend a key deadline for the second time. Since it filed for Chapter 11 bankruptcy i...
Celsius Faces Objection Over Its Restructuring Extension Proposal
Unsecured Creditors of Celsius have opposed the crypto lender’s proposal to extend its restructuring period. The U.S Trustee and an ad hoc group of borrowers are also objecting to the bankrupt crypto ...
Celsius’ extension request denied by US trustee and creditors as cash burn continues
Several parties have objected to bankrupt crypto lender Celsius’s motion to extend its timeline for filing a Chapter 11 restructuring plan once again. The crypto lender, which filed for Ch...
SBF bail guarantor to go public, UK crypto framework and Celsius…
Top Stories This Week SBF’s $250M bail guarantors should be made public, rules judge The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could...
Celsius was insolvent since inception, court-appointed examiner reveals
According to the report by a court-appointed examiner for its bankruptcy proceedings, the collapsed cryptocurrency lending platform Celsius Network had cheated customers since its foundation as a publ...
Did Tether Really Borrow $2 Billion From Celsius?
Join Our Telegram channel to stay up to date on breaking news coverage Stablecoin issuer Tether has denied claims that it borrowed $2 billion from failed cryptocurrency lender Celsius, following a nea...
Peter Schiff Knew Celsius Network Was Ponzi, Wonders Why Regulators Did Not
Godfrey Benjamin Bitcoin critic said he knew Celsius network was Ponzi scheme all along Popular crypto critic Peter Schiff has called out regulators in the United States of America for not discovering...
Celsius Releases Names of Customers Eligible To Receive Most of Their Crypto Assets Back
Eligible customers of bankrupt crypto lending firm Celsius Network will soon be allowed to obtain the funds trapped when the platform paused withdrawals and transfers in June of last year. In a new co...
Tether CTO denies borrowing from bankrupt lender Celsius
According to its chief technology officer, the company behind Tether (USDT), the world’s largest stablecoin by market capitalization, has never received any loan from the bankrupt cryptocurrency lende...
Celsius allows 94% withdrawal of assets for some customers
Celsius, a defunct cryptocurrency lending platform, will begin processing customer withdrawal requests in the next few days. The firm started the day by disseminating a 1,400-page court document on Tw...
Celsius’ Official Creditor Committee Denies Rejected Bids
There have been rumours circulating that the bids for Celsius’ crypto assets have been turned down, however the attorney who represents the official creditor committee for Celsius has refuted su...
Celsius to Allow Withdrawals for Selected Users
Selected Celsius users have been reassured that they will be able to withdraw up to 94% of their funds from the bankrupt company. But for other clients, there may be a longer wait. The market crash in...
‘Categorically false’ — Attorney denies bids for Celsius assets were rejected
The counsel representing Celsius’ official creditor committee has denied assertions that the bids for Celsius’ crypto assets have been rejected. During a Jan. 31 Twitter Space “town hall” following th...
Tether Denies Receiving Any Loans From Celsius
The company that is responsible for the most valuable stable coin in terms of market capitalization, Tether (USDT), alleges that they have never received a loan from the defunct cryptocurrency lender ...
Tether denies it borrowed $2B from Celsius, as described in court report
Stablecoin issuer Tether is pushing back against assertions that it borrowed funds from failed crypto lender Celsius. According to a nearly 700-page report filed Tuesday from court-appointed ex...
Attorney Denies Claim of Celsius Bidding Process Being Abandoned
Legal counsel representing Celsius’ Official Committee of Unsecured Creditors has refuted recent claims that submitted bids for the crypto lender’s assets were rejected. Last week, crypto journalist T...
Tether CTO debunks alleged $2 billion loan from bankrupt crypto lender Celsius – Cryptopolitan
On January 31, Paolo Ardoino—the Chief Technology Officer of Tether and Bitfinex crypto exchange— cleared things up on Twitter regarding USDT’s relationship with Celsius. He stated that they have neve...
Crypto lender Celsius supported its token while insiders benefited, according to a US bankruptcy examiner
Join Our Telegram channel to stay up to date on breaking news coverage A U.S. court-ordered examiner report made public on Tuesday revealed that the bankrupt cryptocurrency lender Celsius Network infl...
Celsius Upcoming Withdrawals: Are Your Assets at Risk?
Celsius, a bankrupt cryptocurrency lending firm, has issued an official statement regarding the pending withdrawals for eligible users. In a 1,411-page court filing with the US Bankruptcy Court in the...
UCC Lawyers Refute Claims Of Leaked Bids for Celsius Crypto Assets
A recent Twitter Space named “town hall” saw lawyers from White & Case LLP, Gregory Pesce, and Aaron Colodny, refute claims that the bids for Celsius’ crypto assets were mostly abandoned. To pro...
Celsius to Allow Eligible Users to Withdraw 94% of Custody Asset
Celsius will enable eligible users to cash out certain custody assets soon. Celsius users will receive an email before February 15 about their eligibility. An independent examiner described Celsius’ b...
Tether denies borrowing from bankrupt Celsius
Tether’s (USDT) chief technology officer Paolo Ardoino has denied that the stablecoin issuer took a loan from Celsius in a Jan. 31 tweet. Ardoino responded to a Twitter thread on the Celsius exa...
Celsius Sold Bitcoin and ETH to Buy Own Token Says Examiner – Trustnodes
Celsius, the now defunct crypto lender and borrower, sold bitcoin and eth deposited by customers to buy Cel, its own token, the bankruptcy examiner Shoba Pillay said in a court document. “Celsius did ...
Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner
“In every key respect – from how Celsius described its contract with its customers to the risks it took with their crypto assets – how Celsius ran its business differed significantly from what Celsius...