According to rumors, Celsius Network is appointing new attorneys to handle its reorganization. Finally, the Wall Street Journal reported on Sunday that Celsius Network, the cryptocurrency network that...
Tag: Celsius
Riches To Rags: Celsius Lost More Than $350 Million In DeFi Investment
According to a research by blockchain analytics company Arkham Intelligence, Celsius lost over US$350 million while investing over US$1 billion in decentralized finance (DeFi). High-risk leveraged cry...
After Bankruptcy Celsius Changed Legal Team- Know More
In place of the previously retained legal firm Akin Gump Strauss Hauer & Feld LLP, the corporation has reportedly engaged lawyers to provide advice on options, including filing for bankruptcy. Hav...
Celsius appoints a new legal team to navigate liquidity crisis
The Celsius Network has turned to legal experts to help it explore restructuring options. The crypto lender has hired Kirkland & Ellis LLP law firm to advise it on restructuring and help overcome ...
Cornered Crypto Lender Celsius Hires New Restructuring Team
Key Takeaways Celsius has hired Kirkland & Ellis LLP to replace its prior restructuring counsel. Kirkland & Ellis will will advise Celsius on various options, including debt restructuring and ...
Crypto Daily – Daily Crypto And Financial News 11/07/2022, Celsius Working On Restructuring With Hiring Spree
In Todays Headline TV CryptoDaily News: Navigating financial fallout Embattled cryptocurrency lender Celsius Network LLC has hired new lawyers for restructuring advice as it navigates the financial fa...
Celsius hires new lawyers – the plot thickens
Beleaguered crypto lending platform Celsius has seen fit to hire new restructuring lawyers. It is hiring Kirkland & Ellis LLP, the same firm that is currently aiding Voyager Digital with its own r...
Ponzi Scheme? KeFi CEO Files Lawsuit Against Crypto Broker Celsius
Celsius was described as a Ponzi scam and a fraud by its former business partner. What a statement. Let’s go… On July 7, Jason Stone, the CEO of KeyFi Inc., said that he is pursuing legal action again...
Celsius Lowers Aave, Compound Debt Amid New Restructuring Plans
Beleaguered crypto lender Celsius continues its strategy to pay off outstanding Aave and Compound loans after it paid off its Maker loan last week. However, the company has now hired Kirkland & El...
Celsius Hires New Lawyers for Restructuring: WSJ
Celsius Network LLC has hired new lawyers to advise the troubled cryptocurrency lender on restructuring, according to a report from the Wall Street Journal (WSJ). The much-needed restructuring plan ha...
Hope for depositors? Celsius repays $20 million to Aave
The cryptocurrency loan company Celsius ran into financial problems amid the bear market, and it has since been struggling with operations. Although the firm stands a high chance of pushing for bankru...
Celsius Appoints New Legal Players as Escorts
43 seconds ago | 2 mins read Editors News Celsius has hired new lawyers from Kirkland & Ellis LLP. Celsius as of now has paid $ 41.2 million through Maker’s wallet. Celsius Network has designated ...
Celsius changes legal team, pays off $20M in Aave debts
Crypto lending platform Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options — the same firm that assisted Voyager Digital with its bankruptcy fili...
Troubled cryptocurrency lender Celsius has hired new insolvency lawyers, Wall Street Reports –
– Advertisement – Struggling cryptocurrency lender Celsius has hired new restructuring lawyers, according to a report on Wall Street Journal According to the Wall Street Journal, cryptocur...
Celsius Hires New Legal Firm to Assist On Restructuring
Cryptocurrency lender Celsius is trying to overcome the hypothermia caused by the crypto winter and position itself again as a reliable service on the market, gaining its credibility once again. And t...
US state regulators are increasing scrutiny into Celsius and Voyager: Bloomberg
Securities regulators in Texas and Alabama are expanding their investigations into troubled crypto lending firms Celsius and Voyager, according to a Bloomberg report on Friday. The two states are said...
Crypto Weekly Roundup: Ethereum Merge Inches Closer, Celsius Repays MakerDAO, Alameda’s Voyager Debt, Musk’s Company Accepts DOGE Payment, And More.
As The Merge inches closer, many discussions have emerged against the Proof-of-Stake mechanism. Let’s look into the conversations around this topic and other noteworthy events that took place in crypt...
Tether Reveals Celsius Exposure Hardly Affected its Reserves
31 seconds ago | 2 mins read Altcoin News Celsius, a leading crypto loan platform, is now experiencing liquidity challenges. The corporation has maintained that it is in excellent health despite the m...
Tether Liquidated an Overcollateralized Bitcoin Loan From Celsius Without Risk
Tether, the company behind USDT, the largest stablecoin by market capitalization, revealed that it liquidated Celsius’s position without risk to its reserves. In a press release on Friday (July 8, 202...
Tether Releases Statement Showcasing Celsius’ Loan Liquidation Process – crypto.news
Tether has disclosed how it has phenomenal measures put in place to ensure that it will never risk the integrity of its reserves. The firm aims to remain in absolute transparency of its reserves. How ...
Investigation on Voyager and Celsius Intensifies By The US State Regulators – Coinpedia – Fintech & Cryptocurreny News Media
Texas and Alabama securities regulators are expanding their inquiries into Voyager and Celsius. Voyager’s disclosure of the manner in which it used customer funds is currently being looked into by the...
How Celsius Is Scrambling to Wind Down Its DeFi Activity
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) One of the best parts of DeFi is its transparency, and recent events in the lending market have made that abundantly cle...
Tether Says It Liquidated a Bitcoin Loan Made to Crypto Lender Celsius
Tether today announced that it has liquidated a loan to crypto lending firm Celsius. The stablecoin issuer did not specify the dollar value of the loan but said that it managed to settle up with the e...
Celsius Lost $350M of Client Funds From ‘High-Risk’ Levered Trading: Arkham Report
The troubled crypto lending firm Celsius reportedly used its customers’ funds worth $534 million to execute “high-risk leveraged crypto trading strategies” through a third-party asset mana...
Celsius used investor funds for high-risk trades triggering liquidity issues
The Celsius Network recently suffered from a liquidity crisis that forced the crypto lender to halt withdrawals, swaps, and transfers. Amid reports that the company is considering filing for bankruptc...
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company – Coinotizia
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Te...
Celsius accused of fraud in lawsuit by former money manager
A former Celsius contractor has filed a lawsuit against the troubled crypto lender, accusing the firm of mismanagement and fraud—claiming it is owed money based on hundreds of millions in profits gene...
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company – Bitcoin News
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Te...
The Failure of Terra, Celsius, 3AC Highlights the Importance of Self-Custody: DappRadar
DappRadar published the latest edition of its quarterly report, focusing on how the fall of Terra, Celsius, and 3AC have changed the blockchain landscape as the liquidity crisis deepened, impacting ma...
Celsius Former Employee Alleges It Of Running A Ponzi Scheme
A former employer had filed a lawsuit against Celsius for running a Ponzi scheme. The employer had put allegations of crypto market manipulation on Celsius. Celsius recently halted withdrawals d...