Ever since Celsius paused withdrawals on June 12, the company has been the focus of attention due to the lender’s financial hardships. A month later, Celsius filed for bankruptcy in the U.S. by levera...
Tag: Celsius
Crypto Weekly Roundup: The Merge Scheduled, Celsius Repays Aave, 3AC Founder Reappears, GameStop NFT Flourishes, And More
Despite repaying its MakerDAO loan earlier this month and repaying the Aave protocol earlier this week, crypto lending company Celsius was forced to declare bankruptcy under Chapter 11, which would al...
Celsius’ Bankruptcy Is Unsurprising, Says Tezos Co-Founder
Kathleen Breitman, the co-founder of decentralized layer 1 blockchain Tezos, said the bankruptcy filing of troubled crypto lender Celsius Network is not surprising because such business models are sus...
Arkansas Resident Launches Class-Action Lawsuit Against Celsius
Arkansas resident Taylor Goines has filed a class-action lawsuit against Celsius for selling unregistered securities, likening the crypto lender’s operations to a Ponzi scheme. The filing was initiall...
Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
EquitiesFirst Owes $439 Million In Debt to Celsius Network
EquitiesFirst, an Indianapolis-based specialist finance company best known for lending cash to institutions secured against their stock holdings, is identified as a debtor to the prominent crypto lend...
Celsius Secret Debtor Is EquitiesFirst: Reveals Sources
Celsius Network’s bankruptcy filings mentions a secret debtor. Two people close to the matter believe the debtor to be EquitiesFirst. EquitiesFirst owes $439 million to his company, as per...
EquitiesFirst owes crypto lender Celsius $439 million: Financial Times
EquitiesFirst, an institutional finance firm known for lending cash against stock holdings, owes embattled crypto lender Celsius $439 million. According to a Financial Times report, two people familia...
CEL Token Seen Making A Recovery Despite Celsius Going Bankrupt
Celsius (CEL) is currently witnessing a mid-crisis bounce. After registering for bankruptcy protection in the face of various probes, the token’s value transcended pressure and increased by more than ...
Celsius Bankruptcy Could Compound Bitcoin Mining Woes
Celsius Network filing for bankruptcy could spell more troubles for the crypto mining sector, especially if it decides to sell its own mining unit. Celsius’ mining subsidiary also filed for Chapter 11...
Celsius Network Reveals Plans To Compensate Depositors Despite Massive $1,190,000,000 Balance Sheet Deficit
Centralized finance (CeFi) platform Celsius Network is revealing plans to compensate users whose funds are still unavailable for withdrawal. In a United States Bankruptcy Court Southern District of Ne...
TradFi Lender EquitiesFirst Owes Celsius Nearly Half a Billion Dollars: Report
Traditional financial services company EquitiesFirst owes bankrupt crypto lending firm Celsius $439 million, the Financial Times reported Friday. Two unnamed sources told FT that the Indianapolis-bas...
Celsius Bankruptcy Filing Shows $1.2 Billion Hole in Its Balance Sheet
The Celsius Chapter 11 bankruptcy filing confirms its liabilities outweigh its assets by $1.2 billion. The filing shows that the company owes clients and creditors $5.5 billion. But its assets, even a...
Why did Celsius Crypto File for Bankruptcy? Here’s What Happened
Crypto lending platform Celsius filed for bankruptcy yesterday. The New York-based company went bankrupt under US insolvency law. The assets and liabilities of the company are said to be between 1 and...
Celsius in debt of user $4.72Billion, $ 1.19Billion left on the balance sheet –
Celsius in debt of users $ 4.72 Billion and have only $1.19 Billion left in the Balance sheet. Kirkland and Ellis LLP, the famous law firm, is hired by Celsius for legal formalities. Celsius Network...
Celsius is Filing for Chapter 11 Bankruptcy ‘imminently’
One of the most popular crypto lending platforms, Celsius has reportedly filed for chapter 11 bankruptcy protection. In such form of bankruptcy, the debtor remains “in possession”, has the powers and ...
Celsius bankruptcy documents claim $1.2 billion balance sheet gap
Beleaguered crypto lender Celsius has claimed a $1.2 billion hole in its balance sheet, according to new documents filed as part of its newly declared Chapter 11 bankruptcy in New York. Chapter 11 ban...
Bitcoin Sustains $20K, Ethereum Merge on Track for September, Celsius Bankruptcy: This Week’s Crypto Recap
The total cryptocurrency market found itself once again below the $1 trillion mark after losing over $30 billion in the past seven days. However, on the bright side, BTC managed to sustain itself abov...
Mystery Debtor Who Owes Celsius $439 Million Has Been Revealed
Alex Dovbnya This private lending platform reportedly owes Celsius $439 million According to a report by Financial Times, EquitiesFirst, an institutional investment firm specializing in long-term asse...
The State Of Traders After Celsius Network Files Bankruptcy – Coinpedia – Fintech & Cryptocurreny News Media
Celsius Network, a financing network based on blockchain technology, has gone bankrupt. The crypto lending behemoth was not exempt from the financial crisis that has recently continued to dominate th...
Celsius Network’s Depositors May Not Get Their Money Back, Warns Economist
Crypto lender Celsius filed for Chapter 11 bankruptcy earlier this week. The filing, however, revealed a deficit of $1.2 billion on its balance sheet, one of the reasons why FTX walked away from a pot...
Is CEL’s [Celsius] 29% rally enough compensation to repay debts
The heat on Celsius [CEL], the embattled crypto-lending platform, seems to have reduced lately. Interestingly, the wave looks to have spread to its coin CEL. The altcoin was one of the best-performing...
Celsius bankruptcy filing shows its biggest creditor has ties to Alameda Research
Celsius’s Chapter 11 bankruptcy claim revealed that the company had over 100,000 creditors and it was working on a restructuring deal that would see most of them paid off. Among the creditors, which i...
Celsius’ Bitcoin Mining Subsidiary Joins Crypto Lender in Bankruptcy Filing
Celsius Mining, the Bitcoin mining subsidiary of the troubled crypto lending firm Celsius Network, has joined its parent company in filing for bankruptcy. After a month of uncertainty and speculations...
Class Action Lawsuit Accuses Troubled Crypto Exchange Celsius of Running Like a ‘Literal’ Ponzi Scheme
The walls are closing in around one embattled crypto lending platform as a new lawsuit alleges it defrauded investors. Celsius Network, which filed for bankruptcy this week, has now also been sued wit...
EquitiesFirst Owes Celsius $439M: Report
Key Takeaways Crypto lending company Celsius is currently owed $439 million by EquitiesFirst, court filings and a new report from the Financial Times indicate. Celsius had originally borrowed funds fr...
Celsius (CEL) Token Price Soars Massively Despite Bankruptcy Filing, Here’s Why
Celsius’ CEL token price is soaring despite the crypto lending firm filing for Chapter 11 bankruptcy. In the last 24 hours, the CEL token price has skyrocketed nearly 80% as a result of the community-...
Crypto lender Celsius to declare Chapter 11 bankruptcy: CNBC
Crypto lender Celsius is preparing to file for Chapter 11 bankruptcy, CNBC reported Wednesday. The outlet reported that Celsius has begun informing state regulators, who have been investigating the ac...
precios de rigs de minería caen a mínimos de dos años tras bancarrota de Celsius
El Antminer S19 y S19 Pro de Bitmain están recibiendo ofertas en un rango de entre $20 y $23 por terahash (TH), según una mesa de trading de rigs de aplicación específica de circuito integrado (ASIC, ...
Celsius bankruptcy filing blames billion-dollar hole on rapid growth and bad bets
Celsius Network has filed for Chapter 11 bankruptcy protection in the Southern District of New York, and in the process lifted the lid on a mammoth $1.2 billion hole in its finances. According to the ...