Key Takeaways Former Celsius CFO Rod Bolger could return to serve as an advisor during the company’s ongoing bankruptcy case. Celsius says that Bolger has extensive experience with the company, ...
Tag: Celsius
Celsius customers write pleas to bankruptcy court to get crypto back: ‘This is an emergency situation, simply to keep a roof over my family and food on their table.’
Some customers of crypto lender Celsius Network, which filed for bankruptcy earlier this month, have written to the Bankruptcy Court for the Southern District of New York, with a hope of getting their...
New Class Action Against Celsius Alleges Offering “Unregistered Securities” and Deceiving Customers
A new class action lawsuit has been filed against the Celsius entity, its CEO Alexander Mashinsky and its executive directors Shlomi Leon, David Base and Alan Jeffrey Carr, in the United States Distri...
Terra, Celsius hit with class action lawsuits in the US
A new class action lawsuit against TerraForm Labs and its CEO, Do Kwon, was filed by Bragar Eagel & Squire, P.C. on July 24 in the state of California. Bragar Eagel & Squire, P.C. also slapped...
Celsius and Do Kwon get hit with yet another class action suit by U.S. law firm
As the fallout caused by the blockchain company Terraform Labs (TFL) and cryptocurrency lending firm Celsius continues to claim victims across the crypto ecosystem, the involved entities have been tak...
Celsius Still in Turmoil, But a Possible Cloud of Silver Lining Lurks – crypto.news
The ongoing crypto winter has claimed its fair share of high-profile scalps, foremost among them being digital asset lender Celsius Network. Beginning on June 12, the Celsius saga has been dramatic an...
The Former Director Of Celsius Claims That The Company Was Manipulating CEL Token
The company’s carelessness has eventually led the company to face bankruptcy The company was lacking in risk management A former head of Celsius has claimed that the crypto lending company’s carelessn...
Almost $6 Billion Lost by Cryptocurrency Investment Funds Like 3AC, Celsius and Others
Cryptocurrency investment funds lost almost $6 billion worth of Bitcoin following the massive liquidation series on the cryptocurrency market back in the May-June period. The biggest loser on the mark...
Coinbase Closes Gates For Three Arrows Capital, Voyager And Celsius
Coinbase shared a blog post to confirm that they won’t allow insolvency prone firms any financing exposure. Three Arrows Capital, Voyager and Celsius are the recent organizations to file for bankruptc...
Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital – Exchanges Bitcoin News
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were...
Zipmex Confirms $53M Exposure to Celsius and Babel Finance
Singapore-based crypto exchange Zipmex declared on Thursday that it has a total of $53 million worth of funds in exposure to crypto lenders Celsius Network and Babel Finance. The latest development co...
Zipmex Resumes Withdrawals, Discloses $53M Exposure to Babel and Celsius
Less than 24 hours after the Southeast Asia-based cryptocurrency exchange Zipmex paused customer withdrawals citing volatile market conditions, the company announced plans to resume full operations. Z...
Singapore-based Zipmex exchange Halts Withdrawals, Has Exposure to Celsius and Babel
As the crypto winter draws upon, Singapore-based crypto exchange Zipmex becomes the latest to halt withdrawals on the platform. The cryptocurrency exchange also has major operations in Thailand. Zipme...
Silvergate Q2’22 Earnings Update
July 20, 2022, 3:35PM EDT • 3 min read Quick Take Market intelligence series includes our latest on Celsius, Voyager and BlockFi Silvergate Capital closed at $79.60 per share, reflecting a +22.4% rall...
Will Coinbase Survive Amid The Crypto Chaos?
Getty Images Key takeaways Coinbase is suspending their affiliate program in a bid to cut costs, which has been labeled by some market commentators as a “big red flag” This is the latest in a series o...
Canadian Pension Fund loses $150 million in Celsius investment bet
While the troubled cryptocurrency lending firm Celsius continues to incur significant losses for its investors after freezing client withdrawals and filing for bankruptcy during the crypto market rout...
Coinbase Says It Had No Exposure to Bankrupt Firms Celsius, Voyager or Three Arrows
Coinbase said it does not have any lending exposure to Three Arrows Capital, Celsius Network, or Voyager Digital, all companies that have collapsed and filed for bankruptcy amid a slump in crypto pric...
By The Numbers: The $1.2 Billion Hole In Celsius’ Balance Sheet
Celsius Network had its first limited withdrawals back on June 13th, and it had taken about one month from that point for the company to finally come forward and file for bankruptcy. It put an end to ...
The Same Law Firm Is Representing Celsius, Voyager and Babel Finance
Voyager and Celsius’ court filings list the same lead attorney and contain several identical paragraphs The insolvent crypto lenders may be using Chapter 11 as a “delay tactic” The longer crypto’s bea...
Former Celsius Executive Alleges That the Firm Was Manipulating CEL Token and Neglecting Compliance: Report
A former Celsius executive has alleged that the crypto lending firm may have been negligent in various ways leading up to its ultimate bankruptcy. According to a new report by CNBC, Celsius’ former di...
No exposure to collapsed crypto firms Celsius, 3AC, Voyager
Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase said it had no counterparty exposure to several collapsed crypto firms...
Celsius Users Will Have Option To Get Cash at a Discount or ‘Remain Long’ on Crypto: Bankruptcy Management Firm
The embattled crypto brokerage Celsius Network (CEL) is outlining steps it will take to repay its customers. In a first-day presentation to the United States Bankruptcy Court for Southern District of ...
Coinbase Had No Financial Exposure to Troubled Celsius, Three Arrows Capital, Voyager
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Celsius Was “Absolutely Trading CEL to Manipulate the Price”: Former Exec
Key Takeaways Timothy Cradle, former director of financial crimes compliance at Celsius, has accused the lender of deliberately manipulating the price of the CEL token. Jason Stone, the head of a firm...
Celsius Case Experts Yet to Understand Cryptos Ruling Under US Bankruptcy Code
Celsius Network’s repayment options to creditors suggest either accepting “cash at a discount” or remaining long-term crypto holders, but this is yet to be decided as the crypto lend...
Celsius first-day bankruptcy proceedings address the interim before a reorganization
Crypto lender Celsius’s Chapter 11 bankruptcy proceedings are officially underway as counsel argued for a number of interim motions during first-day proceedings. Chapter 11 proceedings allow a b...
Celsius reveals $1.2 billion hole and floats bitcoin mining fix during first day of bankruptcy trial
Embattled crypto lender Celsius Network played up the value of its bitcoin mining business in a first day hearing for its bankruptcy proceedings in a New York court on Monday. Celsius revealed in a pr...
Former Celsius director exposes alleged price manipulation of CEL token
Speaking to CNBC, a former Celsius director said the company was actively involved in manipulating the price of its CEL token. Timothy Cradle spent over two years working at the company. He started as...
Crypto Lending Platform Celsius Discloses A New Recovery Plan
Crypto lending platform Celsius Network had filed for bankruptcy on July 13. A month prior to that the crypto lender had ceased withdrawals along with transfers from accounts. Celsius representatives ...
Celsius Identifies Mining Operations as One Way of Recouping Losses Ahead of Reorganization Plans
Celsius has stated at a bankruptcy hearing that its mining outfit should be able to repay some creditors ahead of total reorganization. Embattled crypto loan company Celsius Network revealed its reorg...
Celsius Had Serious Internal Issues Years Before Bankruptcy, Ex-Executives Say
Former Celsius senior executives have revealed the crypto lending company had been struggling internally for years before going bankrupt, contrary to the firm’s claims that its problems stemmed from t...
Celsius Had Internal Issues Years Ahead of Bankruptcy, Former Employees Reveal
According to former employees of Celsius and internal documents reviewed by CNBC, the cryptocurrency lending company had internal issues years ahead of its bankruptcy filing. Celsius Allegedly Had Int...