Celsius Network, the embattled crypto lender, is “deeply insolvent,” according to the Department of Financial Regulation (DFR) in the U.S. state of Vermont. “The Department believes Celsius is deeply ...
Tag: Celsius
Celsius withdraws its Ether holding amounting to $417 million from the Aave platform
Celsius Network withdraws $417 Million Ether holding from the Aave platform. Celsius paid Aave a loan of $63.5 million in the form of USDC. Celsius Network was Established in 2015 by Alex Mashin...
Vermont joins multistate investigation into Celsius
Vermont has opened investigations into Celsius Network while warning residents to be wary of investing in more CEL tokens. Vermont’s Department of Financial Regulation (DFR) said Celsius is “deeply in...
Celsius Network Placed Under DFR Investigation
2 hours ago | 2 mins read Editors News DFR is set to investigate the crypto lending platform, Celsius. As per DFR, Celsius is an ‘unregistered security’, it operated outside the law. The U.S based Ve...
Celsius Engaged in an Unregistered Securities Offering, Alleged Vermont’s Financial Regulator
Another US state just launched an investigation into the firm. The US state of Vermont’s Department of Financial Regulation (DFR) has leveled serious allegations against the troubled crypto lender. Ve...
DoNotPay CEO Wants to ‘Give Little Guys the Power’ to Sue Celsius
British computer scientist and CEO of legal services chatbot DoNotPay, Joshua Browder, suggests investors sue the lender as it faces insolvency. He told CoinDesk TV’s “First Mover” a loophole in Celsi...
Celsius Makes Strong Comeback, Total Debt Stands at Only $59 Million
Defi News Almost a tenth of the asset’s $4.4 billion market value has been rescued. More than 23,000 WBTC (equivalent to $440 million) were returned. After retrieving 400,000 Staked Ethereum in collat...
Is Celsius Selling All Withdrawn stETH To Coinbase Custody?
Beleaguered crypto lender Celsius has now withdrawn all staked Ethereum (stETH) collateral after repaying its USDC loan completely on Aave and sent it all to another address. In fact, the address seem...
Vermont is the sixth state in the United States to investigate Celsius Network –
– Advertisement – The state of Vermont is the sixth state in the United States to initiate an investigation into Celsius Network Vermont’s Department of Financial Regulation (DFR) has issu...
Zac Prince Confronts Claims Comparing BlockFi to Celsius and Voyager
Crypto-focused hedge fund Pantera Capital (PC) published a blockchain letter titled “DeFi Worked Great” on Monday, arguing against a report titled “DeFi Has an Existential Problem” by Wall Street Jour...
Vermont becomes the sixth US state to launch investigation against Celsius
Vermont’s Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users that the crypto lending firm is not licensed to offer...
Celsius Network is ‘Deeply Insolvent’: Reports
The Department of Financial Regulation (DFR) of the American state of Vermont said that cryptocurrency lender Celsius Network is “deeply insolvent,” stating that the lender lacks the resources and liq...
Financial Regulators In Vermont Join Multistate Investigation Of Embattled Crypto Lender Celsius
– Advertisement – Vermont regulators go after Celsius. In a statement on Tuesday, Vermont’s Department of Financial Regulation reveals that it is joining investigations against Celsius as ...
Celsius is “Deeply Insolvent”, Says Vermont’s Financial Regulator
Celsius Network is “deeply insolvent”, Vermont’s Department of Financial Regulation (DFR) said on Tuesday, adding that the cryptocurrency lender is also not honouring its obligations...
Celsius Would Rather Lose $6 Billion Bailout Than Disclosing Its Financial Records, Investor Says
Celsius has managed to pay off several million dollars in debts after nearly filing for bankruptcy due to lack of liquidity, raising all sorts of conjectures regarding the origin of its funds. On June...
Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation
Last week, CoinDesk reported that Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 million of collateral pledged against the loan, deno...
Celsius Pays Off Aave Loan, Moves $418M ‘stETH’ Stack to Unknown Wallet
Last week, as reported by CoinDesk, Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 million of collateral pledged against the loan, de...
Celsius Unlocks 400,000 stETH, Pays Off Debt To Aave
Celsius, the crypto lending firm which has recently been the subject of regulatory oversight for its operational failures due to insufficient liquidity, has confirmed that it has paid up 400,000 stETH...
Celsius Takes Measures To Outgrow Insolvency: RePays $20 Million Debt To Aave
Celsius is taking measures to lessen the effects of insolvency. The lending platform has also hired Kirkland & Ellis LLP firm for professional advice. Celsius is also taking steps to reduce some o...
Mike Novogratz Has Tattoos of Terra (LUNA), Celsius Protocol and Other Failed Cryptos
Tomiwabold Olajide On January 5, Novogratz first proudly displayed his LUNA-inspired tattoo for his Twitter followers Recently leaked beach photos show that along with the botched Terra (LUNA) project...
Celsius Unlocks $418M From Aave
Key Takeaways Crypto lending company Celsius repaid the majority of its debt to Aave today and managed to unlock 400,000 stETH from the protocol. It has also started unwinding positions on Compound, t...
Celsius transfers $124 million in wrapped bitcoin from Aave
Celsius Network, a centralized lending firm undergoing a major insolvency crisis, continues to repay and reclaim large amounts of collateral from DeFi protocols. At around 9:14 a.m. ET, Celsius withdr...
Celsius Repays Aave Debt, Withdraws stETH Worth $416 Mln
Crypto lender Celsius has cleared its intention now as it continues to repay its Aave loan. The outstanding debt has now been reduced to almost $50 million. The crypto lender has also withdrawn stETH ...
Celsius Network Minimizes Debts Amid Bankruptcy Battle
Editors News Celsius Network paid off $113,105,000 on its Aave and Compound loans. Celsius freed up more than $450 million in collateral. Since last week’s wave of bitcoin loan repayments, the trouble...
Celsius Network Complete Another $40 Million USDC Repayment for Aave Loan
After paying off its $220 million Maker loan fully last week, Celsius has resumed making payments on its remaining Aave and Compound debts. After paying 60 million USDC for its Aave loan over the cour...
Celsius (CEL) Dumps Legal Advisors, Hires Kirkland & Ellis LLP for Its Restructuring – crypto.news
Celsius (CEL) has dumped its legal advisors and has engaged the services of Kirkland & Ellis LLP for its restructuring process, according to reports on July 10, 2022. The crypto lender has halted ...
Troubled Crypto Lender Celsius Repays $113 Million of Loans, Can It Avoid Bankruptcy?
Troubled crypto lender Celsius has been trying every bit to repay pending loans. As per Bloomberg, Celsius repaid an additional $113 million of loan on Monday, July 11. On Monday, Celsius repaid $78 m...
Celsius Makes More Repayments and Withdrawal: Sources
Celsius Network has repaid partial debts to decentralized finance and lending platforms Aave and Compound respectively, as it continues to tackle the potential insolvency issue. According to tracker E...
Fundraising Rounds with Thalex, Li.Fi and DeepNFTValue, Voyager Might not Fully Repay Customers, Celsius Continues to Settle Debts – crypto.news
Fundraising rounds continue with Thalex, Li.Fi, and DeepNFTValue raising millions. Reports indicate that Voyager’s recovery plan does not guarantee refunds to all customers. Celsius, on the other hand...
Celsius Replaces Its Lawyers And Repays $20 Million Debt To Aave
Though caught up in the web of the prevailing crypto bear market, Celsius adversely impacted the situation. The crypto lending platform has been struggling to break loose from the effect of insolvency...
Celsius Withdraws All wBTC From Aave Amid CEL Short Squeeze
Celsius has withdrawn all wBTC collateral from the Aave wallet and has only a few wBTC left in the Compound wallet. Moreover, the crypto lender has paid off another 40 million in USDC for its Aave loa...