Key Takeaways A new report by The Wall Street Journal claims that Celsius took on significantly more risk than it had publicly alluded to. Before it raised new funds last summer, the lender’s as...
Tag: Celsius
Nexo Says It’s Nothing Like Celsius and Other Crypto Lenders. Here’s What the Data Shows
The ongoing liquidity issues at crypto lenders BlockFi, Celsius, and Voyager Digital have put other crypto lenders in the hot seat, with some rushing to assure clients that their funds are safe. But N...
Celsius reportedly was built on high risk
Troubled cryptocurrency lending firm Celsius Network LLC, which has infamously come into the limelight after stopping all of its 500,000 users from withdrawing their money due to the carnage that engu...
Celsius denies allegations of Alex Mashinsky trying to flee US
Troubled crypto lending firm Celsius is putting their best foot forward to recover operations alongside CEO Alex Mashinsky, who currently stays in the United States, the company has claimed. A spokesp...
Crypto community confused as Celsius continues with weekly rewards
Members of the crypto community on Twitter have been left bewildered by the beleaguered Celsius Network continuing to pay weekly rewards despite pausing withdrawals two weeks ago. As previously report...
Which decision came from crypto lender Celsius confused the crypto community?
Amidst the market crash, the crypto lending platform has halted its withdrawal-related operations Celsius would have later regretted its decision after witnessing the fierce response from the crypto c...
Celsius Denies Reports That Company CEO Alex Mashinsky Tried to Leave the US
Reports emerged yesterday claiming that Alex Mashinsky – the CEO of the struggling cryptocurrency lender – attempted to leave the country but was stopped by local authorities. However, the Celsius tea...
Celsius Denies CEO Mashinksky Tried to Leave U.S.
Key Takeaways Celsius has denied reports that its CEO, Alex Mashinsky, attempted to leave the United States this week. On Sunday, reports that Mashinsky had attempted to leave the U.S. via a New Jerse...
Celsius Says Report On CEO Alex Mashinsky Fleeing The US Is False
All claims that Celsius Network’s CEO attempted to leave the country have been refuted by the company. This news came after reports that CEO Alex Mashinsky may have been detained by law enforcement as...
Rumors circulate that Celsius CEO Alex Mashinsky attempted to flee the U.S.
Unconfirmed reports have emerged that Celsius CEO Alex Mashinsky attempted to leave the U.S. last week. Celsius is battling a liquidity crisis On June 13, Celsius announced it had implemented a pause ...
Celsius Network Resist Chapter 11 Bankruptcy Recommendation by Lawyers
Celsius Network is resisting its lawyers’ recommendation to file for Chapter 11 bankruptcy. Instead, the executives of the crypto company are seeking support from users to settle the internal disagree...
Celsius Seen Withdrawing ETH, Can It Avoid Bankruptcy?
Celsius’ management looks to avoid bankruptcy filing regardless of advisers and lawyers recommending filing for Chapter 11 bankruptcy. The company has asked users to show support by activating “HODL M...
Amidst Ongoing Bankruptcy, Celsius Withdraws ETH Stake
Despite the advice of experts and attorneys, Celsius’ management intends to postpone filing for Chapter 11 bankruptcy. Instead, consumers are invited to demonstrate appreciation by using “HODL Mode” o...
Celsius seeks show of client support as lawyers push for Chapter 11 bankruptcy
Embattled crypto lender Celsius Network is resisting a recommendation from its own lawyers to file for Chapter 11 bankruptcy — and seeking a show of support from users to help win the internal argumen...
Last-ditch attempt by Celsius investors to save the company from bankruptcy
Lawyers hired by crypto lending platform Celsius are advising the company to declare bankruptcy. However, executives in Celsius would prefer to avoid a long-winded Chapter 11 process, and Celsius inve...
Celsius Denies Allegation of its CEO’s Leaving US
Celsius Network on Monday denied reports of the CEO leaving the US, claiming that all related allegations are false. A spokesperson from Celsius responded to Blockchain.News saying: “Consi...
Did Celsius Network CEO Attempt To Flee? Impact On Celsius Price
2022 will undoubtedly be remembered as one of the worst years for the crypto industry. Although acquisition grabbed center stage, losses quickly followed. Furthermore, the demise of Terra and the Cels...
Celsius Founder Attempts to Escape the Country
6 hours ago | 2 mins read Editors News Mashinsky’s promises that the money was secure. The Network had recruited experts from Alvarez & Marsal to get guidance on bankruptcy. Founder and CEO of Cel...
Wall Street Giant Goldman Sachs Raising $2,000,000,000 To Buy Distressed Celsius Assets: Report
Financial services titan Goldman Sachs is reportedly raising $2 billion to purchase discounted assets from embattled crypto lending platform Celsius (CEL). According to a new report by CoinDesk, sourc...
Goldman Sachs Eyeing Purchase of Celsius Network Assets, Sources Say – crypto.news
Wall Street behemoth Goldman Sachs is looking to raise about $2 billion from investors to purchase digital assets from troubled crypto CeDeFi platform Celsius Network, Wall Street Journal reported, Ju...
Goldman Sachs to Raise Over $2 Billion for Sinking Crypto Lender Celsius
Even in the midst of full-fledged crypto winter, the Virtual Digital Asset space is still extremely inviting to large-scale investors. The latest story surrounding the crypto world is Goldman Sachs’ f...
Goldman Sachs said to be raising investor funds to buy Celsius assets: CoinDesk
Goldman Sachs is seeking to raise $2 billion from investors to potentially purchase assets from troubled crypto lender Celsius, two people familiar with the matter told CoinDesk. The investors would b...
Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice – Bitcoin News
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was h...
Crypto lender Celsius hires more advisors ahead of possible bankruptcy: WSJ
Crypto lender Celsius continues to weigh a possible bankruptcy amid serious financial woes, according to the Wall Street Journal. The firm — which froze withdrawals, swaps and transfers earlier this m...
Goldman Sachs Reportedly Keen To Raise $2 Billion To Purchase Celsius Assets ⋆ ZyCrypto
Advertisement     Crypto lending company Celsius Network appears to be on its last legs and Wall Street giant Goldman Sachs is reportedly set to swoop in and acquire i...
Celsius Facing Bankruptcy: Report
Alex Dovbnya The fate of roughly $8 billion worth of deposits remains unknown, with Celsius seemingly being on the cusp of a bankruptcy Troubled cryptocurrency lender Celsius is facing a potential ban...
Celsius Network hires advisers ahead of potential bankruptcy: Report
Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy. According to a Friday report from the ...
Goldman Sachs Aims to Raise $2B to Buy Celsius’ Crypto Assets at a Discount: Reports
If the situation with Celsius worsens any further and the company has to file for bankruptcy, Goldman wants to be ready to buy up crypto assets at a discount. As such, the Wall Street behemoth aims to...
Celsius Network To Declare Bankruptcy? Know The Complete Story – Coinpedia – Fintech & Cryptocurreny News Media
According to the latest Wall Street Journal article, the struggling crypto funding service, Celsius Network, could be planning to declare bankruptcy after hiring structural advisors from consultancy c...
Vultures are circling for Celsius – Is there still a chance for investors?
A stricken Celsius has frozen all withdrawals and has called in restructuring lawyers. Goldman Sachs is hovering in the wings, looking for the rich pickings should Celsius file for bankruptcy. Can Sim...