The Canadian fund invested US$150 million in Celsius in the fall of 2021. “Blockchain technology has the potential to disrupt several sectors of the traditional economy. As digital assets grow in adop...
Tag: Celsius
Embattled Crypto Lender Celsius Receives Court Approval for Bitcoin (BTC) Mining and Sales
Embattled crypto lender Celsius Network has reportedly been green-lighted to mine and sell Bitcoin (BTC) amid bankruptcy proceedings. Reuters reports that Martin Glenn, Chief Judge of the U.S. Bankrup...
Canadian firm writes off $150M Celsius bet
Caisse de Depot et Placement du Québec (CDPQ), one of the largest pension fund managers in Canada, has reportedly written off the $150 million investment it put in bankrupt crypto lender Celsius Netwo...
CDPQ Loses Hope on $150M Celsius Bet
Key Takeaways Canadian pension giant CDPQ is writing off its $150 million investment through Celsius. President and CEO Charles Émond said the fund entered crypto “too soon” and the fund i...
Celsius Considers Fresh Financing Offers to Escape Bankruptcy
Celsius Network has received offers of fresh cash to help it fund a potential restructuring process, a lawyer for the company said. The unsecured collector’s committee will meet Celsius next week, and...
Celsius CEO ‘took control’ of trading strategy in January and clashed with staff: FT
Celsius CEO Alex Mashinsky “took control” of the firm’s trading strategy in January on a hunch that the US Federal Reserve would raise interest rates, according to a report by the Financia...
Celsius Gets Court Blessing to Sell Mined Bitcoin
The judge pointed to concerns the mining business won’t be immediately profitable Lender has received multiple bids to help fund its restructuring Cryptocurrency lender Celsius’ mining business has be...
the CEO sold customers’ BTC- The Cryptonomist
A few months before suspending withdrawals, and then declaring bankruptcy, the CEO of Celsius allegedly sold customers’ Bitcoin and then bought them back at a loss. Celsius: BTC transactions with cus...
Celsius CEO Was Controlling Trades Leading Up To Bankruptcy
A report has claimed that Alex Mashinsky had taken over control of trading strategies at Celsius in the months leading up to the firm’s widely publicized insolvency issues and eventual collapse. The f...
New York Court rules in favor of Celsius Network to sell mined Bitcoin. More sell pressure?
A New York judge permitted Crypto lender Celsius Network to mine and sell Bitcoin (BTC) while it was in bankruptcy, less than a day after disclosing a three-month cash flow forecast that threatens to ...
NY Judge Allows Celsius to Sell the Bitcoin it Mines
Celsius Network’s financial projection shows that it is likely to run out of cash by October, but the lending firm witnessed a breakthrough. A New York judge has approved Celsius’ request to sell Bitc...
Celsius To Run Out Of Money By October, Crypto Daily…
In Todays Headline TV CryptoDaily News: Court filings reveal Celsius will run out of money by October. Embattled crypto lender Celsius Network is on track to run out of money by October, according to ...
Severe Allegations On Celsius CEO As The Company Considers Financing Proposal
Alex Mashinsky, the CEO of troubled crypto lender Celsius Networks has been once again on the radar! As per the latest report from Financial Times, Mashinsky took over the control of the trading strat...
Celsius CEO personally directed crypto trades months before bankruptcy: Report
Celsius CEO Alex Mashinsky reportedly “took control” of trading strategy at the crypto lending firm amid January rumors the United States Federal Reserve planned to hike interest rates. According to a...
Celsius CEO Alex Mashinsky Involves Untimely Trading Prior to Crash: FT
The fall of renowned crypto lending platform Celsius Network has shed much light on the wobbled operations of the company in the months leading to the eventual halt in withdrawals. Alex Mashinsky and...
Celsius’ Court Filings Show Negative Liquidity by Oct 22, CEO Under Scanner Once Again
Celsius Network’s latest court filings depicted a grim forecast for the crippled crypto lender. The documents revealed that the actual debt currently stands at $2.85 billion, as against their bankrupt...
Celsius Network CEO Ran Trading Desk for Months, Report Reveals
Celsius Network CEO Alex Mashinsky took over the crypto lender’s trading strategy operations in January, months before the platform filed for bankruptcy, reported the Financial Times. The decision rep...
CEL holders needn’t worry even though Celsius nears its end
Troubles facing the now-bankrupt cryptocurrency lending company Celsius Network LLC appear to have taken a different dimension. Court filings made on 14 August revealed that contrary to the $1.2 billi...
Celsius CEO Accused of Controlling Crypto Company’s Trading Scheme and Placing Bad Bets – Bitcoin News
According to a recent report published on Tuesday, the Israeli-American founder and CEO of Celsius Network, Alex Mashinsky, was in charge of the company’s trading strategy. The report, citing multiple...
Celsius Network Coin Reports Mirror A Balance Gap Of $2.85 Million –
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Celsius’ Alex Mashinsky Hijacked Firm’s Trading Role Before Collapse
Alex Mashinsky, the founder and CEO of crypto lending platform Celsius Network, took charge of his company’s trading strategies, overriding the inputs of “executives with decades of finance experience...
Celsius Report Shows $2.8 Billion In Crypto Liabilities
New filings show bank Celsius could show out of functional money to October There’s about a $1 billion spread between ETH liabilities and ETH The reports likewise show a $2.8 billion openi...
Bankrupt Celsius Lost Users’ Funds Trading Bitcoin (BTC) at CEO Alex Mashinsky’s Request: Report
Crypto lending platform Celsius reportedly attempted to trade its users’ Bitcoin (BTC) shortly before the company filed for bankruptcy. The Financial Times (FT) reports that Celsius misplaced user fun...
Celsius Network Is Next Crypto Company to File Bankruptcy
Crypto lending platform Celsius Network has been in the news several times over the past few weeks. The company has made repeated headlines given that it took a big step towards centralization and ult...
Celsius Founder Lost Millions In Crypto By Taking Over Trading Strategy
A new report from the Financial Times has shed more light on the downfall of the crypto lending company Celsius Network. Founded by Alex Mashinsky, the company has been affected by the downside trend ...
Celsius CEO’s alleged trading decisions led to bankruptcy
Alex Mashinsky allegedly took control of trading decisions at Celsius, which resulted in a $50 million loss in January, the Financial Times reported. Following the U.S. Federal Reserve’s January 2022 ...
Alex Mashinsky Traded Celsius’ Book Before Bankruptcy: FT
Share this article Celsius suffered from widely publicized insolvency issues as crypto prices crashed then filed for Chapter 11 bankruptcy in July. Mashinsky Allegedly Traded Celsius Funds Alex Mash...
Celsius’ $750 million insurance is a lie and the claim is ‘intentional deception’, says lawyer
After going bankrupt and incurring massive losses for investors, the cryptocurrency lending platform Celsius has faced multiple lawsuits, and that is only one side of its troubles as an attorney repre...
Court filings reveal Celsius will run out of money by October
Embattled crypto lender Celsius Network is on track to run out of money by October, according to the firm’s latest Chapter 11 documents. Filed on Aug. 14 to the U.S. Bankruptcy Court of the Southern D...
Celsius Network Coin Report Shows Latetst Net Liabilities Over $2.8 Billion
Embattled crypto lending platform Celsius Network may be in bigger trouble as its coin report shows that the deficit in its balance sheet is much more than the previously reported $1.2 billion reporte...
Crypto Lender Celsius On Pace to Run Out of Cash by October
“They [Celsius] could obtain debtor-in-possession financing or sell assets,” Brandon M. Hammer, counsel at Cleary Gottlieb Steen & Hamilton, a law firm, told CoinDesk. “However, to take such steps...