12 seconds ago | 2 mins read Defi News The details of the arrangement, however, were kept under wraps. The business acquired the assets for far less than the $115 million Celsius paid in 2021. This pa...
Tag: Celsius
Galaxy Digital To Acquire Crypto Asset Self-Custody Platform GK8 From Collapsed Lender Celsius
Crypto asset management firm Galaxy Digital is preparing to acquire self-custody platform GK8 from Celsius, a digital asset lender that collapsed earlier this year. According to a new press release, G...
Mike Novogratz’s Galaxy Digital Will Acquire Celsius Owned Custody Platform GK8
Galaxy Digital has won the auction for GK8 – a crypto custody platform to be sold as part of bankruptcy proceedings for the insolvent crypto lender Celsius. Galaxy will utilize GK8’s custody solution...
Why Galaxy Purchased Assets Auctioned In Celsius’ Bankruptcy
Crypto lender Celsius Network is undergoing the auction of its assets as part of the bankruptcy proceedings. The company was affected by the collapse of the Terra (LUNA) ecosystem and hedge fund Three...
Galaxy To Buy Custody Platform From Bankrupt Celsius
Galaxy Digital is planning to buy GK8 from Celsius Network, which filed for bankruptcy in July after the crash of Terra’s algorithmic stablecoin. GK8 is an institutional digital asset self-custo...
Galaxy Digital to acquire custodian GK8 from bankrupt Celsius
Galaxy Digital agreed to purchase high-security custodian GK8 from bankrupt crypto lender Celsius. Galaxy will support GK8’s self-custody solution in the ongoing development of GalaxyOne,...
Mike Novogratz’s Galaxy Digital Agrees to Buy Self Custody Firm GK8 From Celsius
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Celsius: another bankrupt crypto company
Based on the latest news, it appears that Celsius is yet another free-falling part of the domino effect caused by the recent collapse of crypto exchange FTX. In fact, it appears that the cryptocurrenc...
BitBoy alleges O’Leary was key player in Celsius collapse along with FTX
Youtuber Bitboy Crypto, aka Ben Armstrong, alleged the FTX exchange and Canadian entrepreneur Kevin O’Leary were pivotal figures in taking down Celsius. The crypto lending and borrowing platform halte...
SEC Chair Under US Congress Radar Over Celsius, Voyager, FTX Failures
The U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler has been under the constant scrutiny of Congress for its approach towards the digital asset industry. The crypto market has witnes...
From Terra, Celsius to FTX Collapse
Altcoin News Crypto lender Genesis is on the bankruptcy radar triggering more panic. The global crypto market has fallen to the $800B range amid the FTX fiasco. The casualties of the FTX collapse are ...
U.S Court Set Deadline For Celsius Users and Customers To File Proofs of Claims
Celsius was among the top five crypto lenders globally that filed for bankruptcy in July. The next hearing of the Celsius case will be in the first week of December 2023. Celsius Network filed its b...
Celsius Customers Have Until January to File Claims in Bankruptcy Proceedings
The U.S. Bankruptcy Court of the Southern District of New York has approved a request by bankrupt crypto lender Celsius to set a deadline for its customers to submit proofs of claim in the ongoing ban...
Bankruptcy Court Sets Deadline for Celsius Users to File Claims
The US Bankruptcy Court of the Southern District of New York approved crypto lender Celsius’ motion for a deadline for customers to file a claim. January 3rd, 2023, has been set as the last date for c...
Celsius: Can this latest motion offer CEL investors some much-need respite
The U.S Bankruptcy Court of the Southern District of New York approved Celsius’ Network’s latest motion. This motion stood with regards to setting a deadline for the filing of proofs of claim by the t...
Celsius’ Request Approved For Claims Submission Deadline
Defi News Celsius states that its claims representative, Stretto, would contact affected consumers. Also, the Celsius app will send a notice to users. Insolvent crypto lender Celsius has been granted ...
Breaking!! Here’s How Celsius Customers Can Submit A Proof Of Claim
Celsius’s Bankruptcy Crisis Celsius was a fintech platform that provides borrowing, digital and fiat payments, and interest-bearing savings accounts. In June 2022, it filed for bankruptcy. According ...
Investigation finds Celsius ‘Custody’ was ploy to remain relevant
Listen to this article. An interim investigative report filed in the ongoing bankruptcy of Celsius Network provides more context about its business practices and shows a predictable pattern of irrespo...
Collapsed Celsius Sets January 3 as Deadline for Filing Claims Following Court Ruling ⋆ ZyCrypto
Advertisement     The bankrupt crypto lender filed for Chapter 11 bankruptcy protection in July. Interim reports show insufficient accounting controls caused the liqui...
Customers of Bankrupt Lender Celsius Can File Proofs of Claim by January
Celsius’ motion, approved by U.S. Bankruptcy Court of the Southern District of New York last week, requires customers to submit proofs of claim on or before Jan. 3, 2023. Any person or entity – ...
US court sets deadline for Celsius bankruptcy claimants
The Celsius bankruptcy case is still pending in the United States Bankruptcy Court for the southern district of New York State, which has established a new deadline for the submission of documents rel...
Celsius’ customers given deadline to claim assets – crypto.news
The bankrupt cryptocurrency lender Celsius has received approval for a January 3, 2023, bar date. The bar date is the deadline for Celsius users to file claims for entities held until July 13. Celsius...
Celsius Customers Need to File Claims by January 3 in Bankruptcy Case
Celsius explained that customers who agree to the company’s scheduling of the claims do not need to submit a proof of claim. In the latest development with Celsius Network, a bankruptcy court has set ...
Celsius bankruptcy victims get proof-of-claim deadline from US court
The ongoing case of the Celsius bankruptcy continues as the United States Bankruptcy Court in the southern district of New York State approved a new filing deadline. According to an official document,...
Examiner: Celsius’ accounting and operational controls were ‘insufficient’
In the bankruptcy case involving crypto lender Celsius, the independent examiner claims that the company did not establish “adequate” accounting and operational controls in its handling of...
Must-read for all Celsius victims
Most recently, Celsius has stated that the bankruptcy court has granted its motion to set the filing deadline for all consumers. The bar date has been set for January 3, 2023. All impacted investors m...
Celsius had ‘insufficient’ accounting and operational controls, says examiner
The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds. In...
Celsius interim report reveals custody program issues on reimbursement – crypto.news
A new report by the examiner of the bankrupt crypto lender, Celsius Network, details shortfalls in controls and operations at two of the company’s product offerings related to digital assets it held i...
Court sets Jan. 3 deadline for Celsius customers to file claims in bankruptcy case
The deadline for Celsius customers to file a claim in the company’s bankruptcy case is Jan. 3, 2023. The bankruptcy court handling Celsius’s case set Jan. 3 as the bar date, the last day credito...
Bitstamp Follows Other Exchanges in Canceling Orders for FTX and Celsius Tokens
Bitstamp is set to disable new orders and cancel existing orders for all FTT and CEL trading pairs, it announced on Friday. FTT is the proprietary exchange token of FTX, which offered customers small ...
Celsius Gains Access to $17 Million in Crypto Funds from Prime Trust
Crypto lending platform Celsius may have gotten a break in its recent bankruptcy case as crypto service provider Prime Trust – which held a long-term partnership with Celsius up through the summer of ...