Investors in troubled cryptocurrency lending firm Celsius continue to incur losses after the company filed for bankruptcy, just weeks after freezing customer withdrawals. Following the freeze on withd...
Tag: Celsius
Crypto Lender Celsius Network Files for Chapter 11 Bankruptcy Protection
Beleaguered cryptocurrency lender Celsius Network announced Wednesday that it has filed for Chapter 11 bankruptcy protection for reorganization in the U.S. Bankruptcy Court of the Southern District of...
Celsius reportedly filing for bankruptcy ‘imminently’
Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, with its lawyers starting to notify individual United States state regulators as of Wednesday. The news was reported by ...
M&A Bankers See Crisis as Opportunity, With Celsius and Inflation in Focus
U.S. economy recorded 9.1% inflation in June, a new 40-year high. Will policy makers look for even more aggressive measures to tame inflation, and how would this affect crypto markets? Plus, Jeff Kara...
Will Celsius Bankruptcy Filing Safeguard It From Crashing Down?
3 hours ago | 2 mins read Exchange News Celsius filed the Chapter 11 bankruptcy protection. Chapter 11 allows a company to continue operating while restructuring its debt. After a month of turbulence...
Celsius Recovers Over $400M in Staked Ethereum Collateral From Aave Loan
The struggling crypto lending platform Celsius has nearly cleared all of its outstanding DeFi debt after recovering 400,000 collateralized Staked Ethereum (stETH) from its loan on Aave. The withdrawal...
Here’s Why Celsius Users Might Never Get Repaid Post Bankruptcy Filing
Celsius, a crypto lender, halted its operations without prior notice on June 14 and has now filed Chapter 11 bankruptcy with the US Bankruptcy court. The insolvent firm currently has $167 million wort...
The A-to-Z of Celsius filing for bankruptcy after closing off all debts
Crypto lending platform Celsius has created many headlines across the crypto space over the past two months. In the latest development, Celsius closed off the last of its DeFi debts that it owed Compo...
“I Am Suicidal”: Celsius Customers Respond to Firm’s Bankruptcy
Key Takeaways Celsius has filed for Chapter 11 protection in the United States Bankruptcy Court for the Southern District of New York. The news has spurred many with funds trapped in Celsius to share ...
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’ – Regulation Bitcoin News
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recent...
CEL Token Price Plummets 50% As Celsius Goes Bankrupt
After the Celsius Network’s decision last month to freeze all transactions and withdrawals, the whole cryptocurrency market plummeted into a deep and gloomy sinkhole. This week there was some good new...
Celsius Initiates Bankruptcy Proceedings to ‘Stabilize’ its Business
The lender recently replaced its former lawyers to those at Kirkland & Ellis LLP, the same lawyers handling Voyager’s bankruptcy filings Celsius is said to have resisted calls from its previous la...
Celsius Network Follows Voyager Digital & Files Company Oriented Bankruptcy
Celsius Network after halting the deposits, withdrawals & transfers for nearly a month, finally files for bankruptcy during the early times of trade. The Celsius Network appears to be in hot water...
Celsius goes bankrupt – Dreams shattered for nearly two million investors
After a month of possible power plays, Celsius, the stricken crypto yield platform, has finally filed for Chapter 11 bankruptcy. This allows the firm time to stabilise the business and allows it to im...
Crypto Collapse Pulls Celsius Network Down Into Bankruptcy
Crypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a string of crypto asset organizations that have restructured in response to a s...
Celsius Customers Unlikely To Recover Funds, Here’s Why
Crypto lender Celsius Network has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York, the court filing shows. However, according to the company’s terms ...
Celsius Files for Chapter 11 Bankruptcy, Brings In New Directors
Celsius Network announced that it had filed for Chapter 11 bankruptcy. The company hopes to correct its situation and emerge stronger and has taken a few other steps to help the process as well. Celsi...
Embattled Crypto Lender Celsius Finally Files for Bankruptcy
Alex Dovbnya Celsius depositors have been dealt another blow Cryptocurrency lender Celsius has officially filed for bankruptcy, The Guardian reports. The company unexpectedly froze withdrawals on June...
CEL Dumped 50% After Celsius Filed for Chapter 11 Bankruptcy Protection
Celsius Network announced today that it initiated a voluntary Chapter 11 bankruptcy protection with the Southern District of New York. Consequently, Celsius’ native token recorded a dip of over 50% at...
Celsius’ CEL Token Tanks 50% as Company Files for Chapter 11 Bankruptcy
After persistent efforts to repay its loans, beleaguered crypto lender Celsius Networks decided to file for Chapter 11 bankruptcy on Wednesday, July 13. Following the news, CEL, the native cryptocurre...
Celsius debt reduces amid DeFi protocol’s repayment
Troubled crypto investor astronomer (CEL) seems to own no intention of being frozen out of the crypto world and is constant to require action to avoid doable insolvency, because it has been hastily re...
Celsius Files for Chapter 11 Bankruptcy Protection, Clears Debt with Compound
Crypto lender Celsius Networks has filed for Chapter 11 bankruptcy protection, MarketWatch reported. The embattled crypto lender has also repaid its remaining debt to the decentralized finance (DeFi) ...
Celsius Files For Chapter 11 Bankruptcy Tows The Same Path As Voyager
– Advertisement – Celsius is bankrupt. Embattled crypto lender Celsius and its subsidiaries on Wednesday filed for Chapter 11 bankruptcy in the Southern District of New York, confirming su...
Celsius Network initiates Chapter 11 bankruptcy proceedings
The Southern District Court of New York has begun a Chapter 11 bankruptcy case against cryptocurrency loan platform Celsius, it was verified on July 13 by the court. The Company made a public release ...
Embattled crypto lender Celsius files for bankruptcy protection
Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Cel...
What Would Happen if Celsius Got Sued by the Rest of the Claimants? » NullTX
According to a recent lawsuit, cryptocurrency lender Celsius allegedly manipulated the price of its digital coin, failed to manage its risks, and engaged in fraud. Due to the rapid emergence and decli...
Celsius Is ‘Deeply Insolvent,’ Unable To Meet Withdrawal Obligations: Vermont Regulator
Celsius is unlicensed in Vermont and provided unregistered securities offerings, the agency said The lender used customer funds in risky and illiquid investments, trading and lending, it added Trouble...
Celsius takes out $417 million in staked ether from Aave
On Tuesday, Celsius Network reclaimed a large portion of its collateral deposits that were locked in decentralized finance (DeFi) applications. At around 7:50 a.m. ET, Celsius withdrew 400,000 stETH (...
Celsius Network Pays Down Its Aave Debt, Here’s How Much It Still Owes
Celsius Network has been aggressively paying down all of its debt since it first stopped withdrawals, swaps, and transfers on its platform. The lending platform had loans spread across various protoco...
Celsius influencers push dubious ‘CEL short squeeze’ strategy
Listen to this article. Traders are pitching Celsius (CEL) customers on a dubious trading strategy based on the idea of a CEL short squeeze. Coordinators spread the message on social media and the tok...