Following an announcement earlier this week to halt user withdrawals, the lending platform is attracting scrutiny from authorities. On Tuesday, Celsius Networks paused withdrawals on its platform stat...
Tag: Celsius
Celsius Hires Citigroup Bank as Advisors to Find Solutions
Celsius has hired Citigroup in an “advisory capacity.” Celsius (CEL) was one of the most affected cryptocurrencies in the May market crash. It continues to plummet in June following a large sell-off b...
Celsius Network Cites More Distress, No Support From Its Largest Investors
Celsius Network LLC, the struggling crypto lending service, is likely to tackle its financial fights alone, according to numerous sources obtained by WSJ. This is because the firm is unlikely to get f...
Embattled Celsius CEO Alex Mashinsky Breaks 3-Day Silence
Three days after crypto lender Celsius abruptly announced that it was pausing all customer withdrawals, swaps, and transfers, the beleaguered company’s CEO, Alex Mashinsky, has finally broken his sile...
BitBoy Crypto to Launch Class Action Lawsuit Against Celsius
Ben Armstrong, popularly known as BitBoy Crypto is taking the cessation of withdrawals by crypto lending platform Celsius more personally and has threatened to file a class-action lawsuit against the ...
Texas, New Jersey, Alabama and other US states have launched an investigation into Celsius Network
? Want to work with us? CryptoSlate is hiring for a handful of positions! The move by Celsius Network (CEL) to block consumer withdrawals is being looked at by several US jurisdictions, including the ...
DeFi Giant MakerDAO Braces For Celsius Liquidation As stETH Slumps
MakerDAO said on Thursday it will disable direct deposits with peer Aave due to the latter’s high exposure to a potential Celsius liquidation. The move was bought up in a governance proposal that was...
Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’ – Bitcoin News
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financia...
BitBoy founder threatens class action lawsuit against Celsius
Just two weeks after appearing in an ask me anything (AMA) with Celsius founder Alex Mashinsky, crypto Youtuber Ben Armstrong has announced he intends to file a class-action lawsuit against the lendin...
How Crypto Lender Celsius Overheated
“On the one hand, there is smart contract risk, there is protocol risk,” said Alex Thorn, head of firmwide research at Galaxy Digital, a crypto investment bank. “Also, lending in DeF...
Celsius Investigated by Regulators in Four Different States
Key Takeaways Celsius is being investigated by state securities regulators from Texas, Alabama, Kentucky and New Jersey following its decision to halt customer withdrawals. The company has been commun...
Celsius Undergoing Restructuring Process With Attorneys To Address Potential Insolvency: Report
An embattled crypto lending platform is contemplating a financial restructuring plan in the wake of its native token dropping by 99% from its all-time high. In a new report, the Wall Street Journal re...
Hindsight 20/20: The ‘Missed’ Signs Of The Celsius Insolvency
Celsius’ problems look like they have only just begun but there is a lot of data that shows that the current insolvency had been a long one in the making. As investors gnash their teeth about not seei...
Here’s Why Bankruptcy May Be The Only Option For Celsius Network
Celsius Network appears to be on the brink of insolvency, and bankruptcy may be the only option for one of the largest centralized crypto lending platforms. Celsius is currently exploring every option...
Celsius Team Working Around the Clock
Alex Mashinsky, founder and CEO of popular DeFi lending platform Celsius, has tweeted for the first time since the platform suspended all withdrawals and other services on June 12. Celsius CEO Breaks ...
Celsius Network Game Over ! Here’s Why Bankruptcy Seems Imminent
Celsius is presently investigating all possibilities to avoid insolvency, including consulting restructuring attorneys to address its financial issues. This also includes appointing Citigroup to assis...
Tether hits out at reserves ‘rumors’ and distances itself from Celsius
Stablecoin provider Tether hit out at “rumors” about its holdings of commercial paper, a form of short-term corporate debt, while distancing itself from troubled lender Celsius and crypto ...
Celsius users share harrowing posts as withdrawal freeze extends to fourth day
? Want to work with us? CryptoSlate is hiring for a handful of positions! Four days since Celsius Network paused withdrawals, swaps, and transfers between accounts, there remains no indication of rein...
Celsius Rival BlockFi to Pay $1 Million to Iowa for Selling Unregistered Securities
Celsius isn’t the only decentralized finance (DeFi) lending platform having a bad week; yesterday, competitor BlockFi was asked to pay a $943,396.22 fine from the state of Iowa’s Insurance Division Fi...
Celsius Is Crashing, and Crypto Investors Are Spooked
A few months ago, Mike Washburn’s cryptocurrency investment looked like a winner. Now he’s just hoping to get his money back. Mr. Washburn, a 35-year-old plumber in Otsego, Minn., had $100,000 in an a...
Celsius Continues To Struggle With Solvency
The crypto lending platform is trying everything, including a company restructuring, to stay solvent after it decided to suspend withdrawals. Can Celsius Win Back Liquidity? Celsius’s move to suspend...
Troubled Celsius CEO Alex Mashinksy Shares Cryptic Statement After Three Days Of Radio Silence ⋆ ZyCrypto
Advertisement     After a three-day absence from Twitter and social media, the CEO of the embattled crypto lender Celsius, Alex Mashinsky, emerged on Wednesday to put ...
Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch
The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructurin...
Nexo Offers to Buy Celsius – Is Nexo Safe Though?
The crypto crash has flipped the optimistic outlook of most crypto exchanges. Coinbase and Crypto.com have laid off their staff, Celsius has frozen withdrawals, and more than a few lenders might not g...
Bitboy founder set to sue Celsius 1
Bitboy founder Ben Armstrong is currently threatening a civil action lawsuit against Celsius and its top executives. This is coming a few weeks after he was involved in a Ask Me Anything on the platfo...
Crypto lender Celsius mulls possible restructuring amid financial woes: WSJ
Crypto lender Celsius has hired lawyers from Akin Gump Strauss Hauer & Feld LLP as it mulls its financial options after halting withdrawals this past weekend, according to the Wall Street Journal....
DeFi contagion fears and rumors of Celsius and 3AC insolvency could weigh on NEXO price
The price of Nexo (NEXO) continued to fall on June 15 as crypto lending firms continue to be shaken by the falling cryptocurrency market. Meanwhile, Nexo has denied rumors of exposure to Three Arrows ...
Binance CEO Comments on Terra and Celsius Fallout, Says Bitcoin and Crypto Crash Is Part of Normal Market Cycle
The CEO of the world’s largest crypto exchange platform says bear markets are a normal part of market cycles and offers his thoughts on the aftereffects of Terra (LUNA) and Celsius (CEL) collapsing. I...