Former CEO of Celsius Network has been sued for misleading customers and making false statements The lawsuit is spearheaded by New York Attorney General Letitia James The lawsuit seeks to permanently ...
Tag: Celsius
Celsius’ Mining Rigs to be Shut-down by Core Scientific
Celsius filed for bankruptcy on July 12, 2022, and Core Scientific filed on December 21, 2022. The plug will be pulled on Celsius’ mining rigs on January 3, 2022, as per court orders. The host compan...
New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud – Bitcoin News
On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsiu...
Celsius Wins Rights Over Customer Crypto Deposits
In the latest court ruling, Celsius Network has been rewarded the rights to interest-bearing accounts, pushing actual account holders to the end of the repayment queue. Big Blow For Earn Account Hold...
Core Scientific Powers Down Celsius 37,000 Mining Rigs
Core Scientific is just one of the many names in the crypto ecosystem that is currently battling a liquidity crisis. Core Scientific Inc (OTCMKTS: CORZQ), the bankrupt crypto miner and hosting service...
New York AG Sues Celsius Co-Founder Alex Mashinsky for Alleged Fraud
Alex Mashinsky, the co-founder and former CEO of bankrupt cryptocurrency lender Celsius Network has been sued by New York Attorney General Letitia James for allegedly defrauding investors, including m...
NY Attorney General Sues Celsius Co-Founder For Fraud
According to the Wall Street Journal, Celsius co-founder Alex Mashinsky was sued by New York Attorney General Letitia James. The government official filed a civil lawsuit against Mashinsky, accusing h...
Celsius’ Mashinsky Finally Sued by NY Attorney General
Key Takeaways New York Attorney General Letitia James filed a civil suit against former Celsius CEO Alex Mashinsky today. James claims Mashinsky defrauded investors by making false statements about th...
New York sues former Celsius CEO for fraud
New York’s attorney general filed a lawsuit against Alex Mashinsky, alleging that the former CEO of the now-bankrupt crypto lender Celsius defrauded investors. “The collapse of Celsi...
New York State Attorney General Sues Former Celsius CEO for Defrauding Crypto Investors
The New York State Attorney General is filing a lawsuit against the former CEO of bankrupt crypto lender Celsius alleging that he defrauded investors. According to a new press release, Letitia James i...
Celsius Network’s Stablecoins Face Liquidation To Cover Bankruptcy Costs
Judge Martin Glenn, the chief United States Bankruptcy Judge in the Southern District of New York, has ruled that ownership of the assets in the Celsius Network’s Earn Accounts belongs to debtors. As ...
Celsius Earn Assets Belong to Bankrupt Firm, Not Users
A federal bankruptcy judge has ruled that crypto-assets deposited in Celsius Network’s “Earn” accounts do not belong to the customers. Instead, the funds in the interest-bearing accounts belong to the...
New York AG accuses Celsius ex-CEO of defrauding crypto investors
Alex Mashinsky, founder and chief executive officer of Celcius Network Ltd., during a panel session at the Blockchain Week Summit in Paris, France, April 13, 2022. Benjamin Girette | Bloomberg | Getty...
Will CEL turn all odds in its favor despite Celsius Network filing its latest motion?
Celsius filed a motion to allow customer get more time to file their claims CEL was almost nonexistent on-chain but the technical outlook displayed bullishness Crypto lending firm Celsius Network [CEL...
US Bankruptcy Court Rules Celsius Deposits Belong to the Firm
– Advertisement – A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for C...
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius – Mining Bitcoin News
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific app...
Bitcoin Miner Core Scientific Reaches Agreement To Shut Off Celsius Mining Rigs
Core Scientific will shut off thousands of Celsius mining rigs, after the two bankrupt firms finally came to an agreement after months of dispute. One of the world’s biggest Bitcoin miners, Core Scien...
Celsius Customers Lose Rights to Deposits Due to ToS Technicality
Embattled crypto lender Celsius has been awarded the rights to crypto assets on the platform. This means that most of its customers will be the last ones to receive reimbursements. On Jan. 4, a New Yo...
Celsius Network Acquires Ownership of Customer Cryptocurrency Deposits
31 mins ago | 2 mins read Bitcoin News Now, Celsius can take the control of $4.2B in cryptocurrency that consumers invested in its Earn program. Celsius has over 600,000 accounts in its Earn program ...
Celsius Network owns customers’ $4.2 billion crypto, judge rules
Celsius Network has won the rights to 600,000 Earn customers’ crypto funds The Judge has granted the platform the right to sell millions of dollars of stablecoin Celsius Network has just won ownership...
Judge rules $4.2B belongs to Celsius
A new update regarding the Celsius bankruptcy case came on Jan. 4 as Judge Martin Glenn ruled that the funds deposited to Earn Accounts, which amount to $4.2 billion, are the property of Celsius, not ...
Bitcoin Miner Core Scientific Plans to Shut Down 37,000 Celsius Rigs
Troubled Bitcoin miner Core Scientific will shut down more than 37,000 crypto mining rigs belonging to bankrupt crypto lender Celsius Network as both firms finally reach an agreement in court. Core Sc...
Core Scientific Cuts Power To 37K Celsius Miners
Core Scientific has come to an agreement with Celsius Network to shut down the 37,000 mining rigs that it was hosting for the latter. Power Cut To Celsius’s Rigs The Celsius Network has agreed to let...
In another blow to Celsius, Core Scientific shuts down 37,000 mining rigs
Core Scientific has shut down 37,000 mining rigs that were hosted for Celsius. The Bitcoin miner’s share price has jumped over 81% following this decision. Bitcoin [BTC] mining firm Core Scientific ha...
Celsius court case update as of January 4, 2023
Customers of the collapsed cryptocurrency lending platform Celsius Network are still awaiting the outcome regarding receiving their funds as the company goes through bankruptcy proceedings. In early D...
Core Scientific Is Shutting Down 37,000 Celsius Crypto Mining Rigs
Editors News Core Scientific, a crypto miner has submitted a motion asking for permission to reject Celsius’ contracts. According to Core, Celsius had broken the terms of the agreements by failing to ...
Core Scientific will cut power to 37,000 Celsius miners: Bloomberg
Core Scientific will cut off power to 37,000 mining rigs for which Celsius still owes payment, the two now-bankrupt companies agreed. Bloomberg first reported the news. The agreement marks the ...
remembering FTX, Celsius Network, Three Arrows Capital, Terra
2022 has been a catastrophic year in the crypto industry. It has seen all crypto projects losing value and some organizations filing for bankruptcy. Here are the major events that took place in the 20...
Why is Celsius Planning to File A ‘Motion’?
Celsius Network is planning to file a motion that would extend the deadline for users to submit their claims by another month, the bankrupt crypto lender informed via Twitter. The administrative expen...