The cash-strapped cryptocurrency lender Celsius, this week paid off $223 million in loans on the Maker blockchain technology to release $450 million in collateral. In a new development, it may attempt...
Tag: Celsius
KeyFi CEO set to drag Celsius to court 1
KeyFi CEO Jason stone has announced plans to drag Celsius to court over its failure to honor the agreement that both parties made. Aside from being a CEO, Stone is one of the strongholds behind the 0x...
KeyFi CEO sues Celsius on grounds of “failing to uphold the contract” and more
Jason Stone, a DeFi entrepreneur and the CEO of KeyFi, Inc., one of the people behind the yield farming account 0xb1, is suing cryptocurrency loan company Celsius for allegedly failing to uphold its c...
Tether reveals how it returned funds to Celsius following liquidation
On June 15, Paolo Ardoino, CTO of Tether and Bitfinex, disclosed that Tether had liquidated a loan given to Celsius “without loss.” Tether has confirmed the liquidation process and revealed that it “r...
Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer
Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lend...
Fundraising Rounds with Tenderize and Planetarium Labs, Celsius Settles MakerDAO Debt, Aave Launching Stablecoin – crypto.news
Project funding continues with Tenderize and Planetarium Labs completing successful rounds. Celsius, the recently troubled lending platform, pays MakerDAO’s loan releasing all WBTC collateral. Aave is...
Scrutiny Intensifies on Voyager and Celsius
Key Takeaways Securities regulators in Texas and Alabama are expanding their investigations into Voyager and Celsius. The Texas State Securities Board is now investigating whether or not Voyager fully...
Celsius’ Trading Strategies Led to Loss of Millions of Customer Funds: Report
In the wake of its solvency crisis, new details have emerged about Celsius using investor funds to conduct high-risk leveraged crypto trading strategies. Losing Client’s Funds A new report by blockcha...
Celsius moved $529M worth of wBTC to FTX exchange: Should we be worried?
Embattled lending platform Celsius has transferred nearly 25,000 Wrapped Bitcoin (wBTC), worth $528.9 million, to crypto exchange FTX, prompting concerns from some in the community about whether a dum...
Bombshell allegations of fraud as KeyFi takes Celsius to court
Staking software and investment firm KeyFi Inc. has filed a complaint against beleaguered crypto-lending firm Celsius, alleging the company had been operating in a Ponzi-style fashion and that it fail...
Celsius Network Fully Pays off Maker Loan, Reclaiming $440M of Collateral – crypto.news
Celsius Network LLC, the troubled crypto lending company that made news after restricting its half-a-million users from withdrawing funds owing to the crypto market turmoil, has finally fully paid off...
Why is half a billion in Bitcoin flooding market as Celsius faces fraud allegations?
Embattled crypto lender Celsius, who are staring insolvency in the face due to knock-on effects of the crypto contagion, about which I wrote a deep dive here last month, may be landing a further body ...
Tether says it liquidated Celsius loan at no loss
Tether, the issuer of the world’s largest stablecoin USDT, has reportedly liquidated the loan advanced to struggling crypto lender Celsius. According to the firm, its liquidation of the overcollateral...
Celsius Looks Sloppy in New Lawsuit, but So Does the DeFi Legend Suing It
The lawsuit, alongside a recent research report, also cast new light on a pseudonymous Twitter account, @0x_b1, that became highly influential with the 2020 rise of decentralized finance, or DeFi, to...
Celsius gets sued amidst Ponzi scheme allegations
KeyFi Inc, a DeFi staking software developing firm, has filed a lawsuit against embattled crypto lending company Celsius Network over allegations of fraud while also alleging that the firm operated in...
Former Employee Accuses Celsius of Running a Ponzi Scheme
A former employee of troubled crypto lender Celsius has launched a lawsuit accusing the company of market manipulation and risk management failures. The development comes amid a credit crisis in the c...
Celsius is being sued for fraud
Celsius Network has been sued for fraud. The complaint was filed by the U.S. company KeyFi in New York State court. Celsius platform sued on scam charges The allegation is that it failed to pay sever...
Celsius ‘artificially’ inflated the price of CEL, lawsuit alleges
Celsius Network’s troubles are mounting even as the crypto lender navigates a storm that it may have actually rode into knowingly. On Thursday, the crypto lender was hit by a class action lawsuit, fil...
Celsius Possibly Used Ponzi Scheme Solution For Avoiding Liquidity Crisis
Drama around “cryptocurrency bank” Celsius is aggravating as cryptocurrency enthusiasts found out how the company fought the potential bankruptcy, and it might surprise you how simple-yet-...
Celsius Being Sued by CEO of KeyFi Alleging Multiple Accusations
2 hours ago | 2 mins read Defi News Stone has been seeking to settle “a significant sum of money” that Celsius owes KeyFi. Stone claimed that the DeFi account 0xb1 was handling roughly $2 billion in a...
Celsius’ Liquidity Crisis Solution Will Make You Disappointed in Cryptocurrency Industry
Drama around “cryptocurrency bank” Celsius is aggravating as cryptocurrency enthusiasts found out how the company fought the potential bankruptcy, and it might surprise you how simple-yet-...
Celsius Slammed With Fraud Lawsuit From its Former Money Manager
Struggling cryptocurrency lending company Celsius has been accused by staking software firm KeyFi, of fraud, mismanagement of customers’ deposits, and failure to honor an agreement between both partie...
Celsius is a ‘Ponzi scheme’, ex-employee alleges in a new lawsuit
Troubled crypto lending platform Celsius has been sued by a former employer accusing the company of running a Ponzi scheme resulting in freezing customer funds. Celsius former investment manager Jaso...
Celsius Network totally extinguishes its bitcoin debt
Celsius Network appears to have fully paid off its loan in Bitcoin, while the liquidation price has now dropped to zero dollars. Celsius Network pays off 100% of its loan in BTC, and the settlement pr...
Lawsuit Against Crypto Lending Celsius Network
On Thursday, a former investment manager at Celsius Network filed a lawsuit against the cryptocurrency lender, alleging that it had frozen customer funds and had rigged the price of its own cryptocurr...
Celsius Slapped With Lawsuit Calling It A Ponzi Scheme
Beleaguered crypto lender Celsius was sued by a former asset manager on Thursday, who alleged that the firm was an elaborate “Ponzi Scheme.” In a court document filed in the New York state court in Ma...
Celsius Paid Back Entire Loan to Maker, Reclaiming Nearly 22K BTC Collateral
After paying back an additional $41.2 million in Dai to decentralized lending platform Maker, Celsius Network now can reclaim approximately $450 million worth of BTC locked up as collateral on the pro...
KeyFi CEO Behind 0xb1 Twitter Account Sues Celsius for ‘Ponzi Scheme’
DeFi entrepreneur Jason Stone—one of the individuals behind yield farming account 0xb1 and CEO of KeyFi, Inc.—is suing crypto lending platform Celsius for allegedly refusing to honor its contract. Sto...
Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’ – Bitcoin News
On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lendin...
Celsius Network Claims $440 Million in Collateral, Pays off Debts – Coinpedia – Fintech & Cryptocurreny News Media
Celsius Network, a cryptocurrency lender had halted withdrawals last month amid liquidity concerns after the cryptocurrency market and Terra (USDT) collapse. On Thursday, however, it fully repaid a lo...
KeyFi Files Lawsuit Against Celsius, Millions At Risk?
The popular pseudonym Twitter account Oxb1 has revealed the identity of the user behind it and, as rumors claimed, it is linked to lending company Celsius. Jason Stone founder and CEO of investment fi...
Dump Incoming? Celsius Pays Back Maker Loan, Moves $440M in Wrapped Bitcoin to FTX
The temperature seems to have changed for struggling crypto lender Celsius. After keeping client withdrawals, transfers, and swaps frozen for nearly a month—a move Celsius said it took to “stabilize l...