So, what is a person who has crypto locked inside Celsius to do? The short answer is to wait and see. Once bankruptcy proceedings are finalized, some or all of the funds owed by Celsius to its custome...
Tag: Celsius
Celsius’ extended exposure to FTX and Alameda Research could leave CEL here
Celsius Network confirmed exposures to FTX exchange and trading firm Alameda Research Negative sentiments continue to trail CEL as investors believe the price will fall further The now-collapsed crypt...
Celsius and Voyager Digital Disclose Exposure to FTX
56 seconds ago | 2 mins read Defi News Voyager said that recent events had an impact on the company’s bankruptcy filing. FTX explored acquiring Celsius when the latter suspended withdrawals. Celsius ...
Crypto Lender Celsius Files to Extend Submission Time; FTX Files For Bankruptcy
Recently beleaguered crypto lending firm Celsius Network announced filing of a motion. The motion noted to extend its reorganization plan’s exclusivity period. This would allow the crypto firm to have...
Bankrupt Crypto Lenders Celsius Seeks Extension of Exclusivity Period
About four months after commencing voluntary Chapter 11 bankruptcy proceedings, crypto lender Celsius Network is yet to execute the much-talked-about restructuring plan. The troubled lender has now f...
Celsius, Voyager Reveal FTX Exposure
Key Takeaways Celsius said today that it has $1.3 million locked with FTX and $13 million of loans to Alameda Research. Voyager also said that it has $3 million locked with FTX but recalled its loans ...
Celsius reveals $13 million in loans to Alameda Research
Troubled crypto lender Celsius reported exposure to the FTX exchange and sister trading firm Alameda Research that both filed for Chapter 11 bankruptcy protection on Friday. Celsius tweeted “in ...
Bankrupt Crypto Lender Celsius Files Motion to Extend Submission Time for Reorganization Plan
A judge also temporarily denied Celsius from paying certain employees a retention bonus, payments which would have totaled nearly $3 million. The plan, which Celsius’ lawyers claimed was necessary to ...
Why Celsius Holdings Stock Is Surging After Hours
Celsius Holdings Inc (NASDAQ: CELH) shares are trading higher in Wednesday’s after-hours session after the company reported its third-quarter financial results. Celsius said third-quarter revenu...
Bankrupt lender Celsius files motion to extend time for ‘reorganization’
Troubled crypto lender Celsius said it filed a motion with a U.S. court asking to extend the time it needs to come up with a reorganization plan. The firm is now going through bankruptcy proceedings, ...
Crypto Astrologist Maren Altman Takes Flak for Past Celsius Support
Maren Altman – a crypto astrologist – is taking a lot of flak as of late for her past support of Celsius, a doomed digital currency lending network that ultimately entered bankruptcy proceedings last ...
Was Celsius just a Ponzi after all?
Crypto lender Celsius was one of the biggest casualties of the bear market. After halting withdrawals for months due to “extreme market conditions,” the distressed lender officially filed for Chapter ...
Summarizing the Denial of Celsius’ Key Employee Retention Program Motion
November 3, 2022, 11:18AM EDT • 2 min read Quick Take New York judge denies troubled crypto lender Celsius’s KERP Motion Celsius also filed a motion to seal and redact key details of the KERP These co...
Celsius Creditors’ Lawyer ‘Looking Into’ Whether Firm Was a Ponzi Scheme: Report
A New York bankruptcy judge expanded the scope of the probe in the Celsius Network bankruptcy as the company’s customers demanded investigations into the crypto lender’s business operations, according...
The hidden link between FTX and Celsius
Dirty Bubble Media’s investigation, behind the leadership of Mike Burgersburg, has unveiled links between FTX and Celsius that now see the former a creditor of the latter nearing bankruptcy. The curi...
Celsius Network Faces “Ponzi Scheme” Investigation, WSJ
Wahid Pessarlay Bankrupt crypto lender Celsius Network faces investigation whether it’s a “Ponzi Scheme” According to a Wall Street Journal (WSJ) report, the court appointed an examiner to dive into C...
Judge orders probe to investigate whether Celsius was a Ponzi
The judge overseeing the Celsius bankruptcy case has ordered the examiner and the official committee of Celsius creditors to determine who will head a probe into whether the firm was operating like a ...
Crypto Lender Celsius Faces Fresh Scrutiny in New Court Order
The court has asked Celsius to throw more light on the proposed KERP program while also ordering a probe into its past business dealings. The Celsius bankruptcy case appears to be taking another dimen...
FTX and Tether were closer to Celsius than anyone realized
Dirty Bubble Media has published the results of an investigation into links between Sam Bankman-Fried’s (SBF) companies and Celsius. As it turns out, FTX, SBF, Celsius, and even Tether are far more fi...
Bankruptcy Judge Denies Celsius’ Motion to Pay Employees $3M in Retention Bonuses – At Least Temporarily
During Tuesday’s three-hour hearing, the judge did not seem to take issue with the contents of the KERP itself (which has also been approved by the unsecured creditors’ committee), but was bewildered ...
Celsius Heads Cashed Out Millions Prior to Resigning
New information has come about regarding the dips incurred by the Celsius Network that have traders and analysts raising a few eyebrows. What’s Happening at Celsius? Not long ago, it was announced tha...
One of The Celsius Creditors Committee Protests, Find Here Details
The official committee of unsecured creditors raised objection to the debtors’ (Celsius Network) motion. The following motion includes the entry of an order for permitting the sale of stablecoin in th...
Celsius Network’s bungling showed why centralization can’t protect privacy
In Celsius Network’s recent court filing, the billion-dollar centralized finance (CeFi) platform exposed more than 14,000 pages of customer identity and on-chain transaction data without user consent ...
Celsius Debtors Request Court To Block Stablecoin Sales – crypto.news
The committee of unsecured creditors for Celsius is suing the troubled crypto lender once more, this time over its intentions to sell off its stablecoins. According to creditors, the lender hasn’t pro...
A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache – Bitcoin News
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The...
Here’s Why Snowfall Protocol Will Gain High Like Klaytn and Swoop Past the Likes of Celsius!
Snowfall Protocol (SNW) is a decentralized finance (DeFi) protocol that is here to stand out, and be on the top among the tokens that have gained and grown this past month exponentially. It offers exc...
Celsius Network continues to be in trouble, Trustee rejects $3 million Employee Bonus Move
Trustee who is in charge of the celsius chapter 11 bankruptcy case opposed to the retention bonus worth $2.96 million The Trustee has opposed to a move by the company that would have given 62 of...
Celsius bankruptcy case trustee slams $3M employee bonus motion
The United States trustee overseeing the Celsius Chapter 11 bankruptcy case, William Harrington, has objected to a Celsius motion that would see 62 of its 275 employees paid a retention bonus totaling...
Celsius Bankruptcy Case Trustee Criticizes $2.96M Bonus Scheme
8 seconds ago | 2 mins read Defi News In its Oct. 27 supporting statement for the objection, the trustee harshly criticized Celsius. Paying executives more in anticipation of a reorganization may seem...
Is CEL yet again in trouble as court-appointed Trustee blasts Celsius for…
William Harrington, the U.S. Trustee appointed by the court for Celsius Network’s bankruptcy proceedings has criticized the crippled crypto lender for a motion it filed earlier this month. Bonus propo...
US Trustee opposes Celsius’ $2.9M employee bonus plan
The United States Trustee has opposed Celsius’s request to pay up to $2.9 million as retention bonuses to employees involved in the bankruptcy process. Celsius Network had filed a motion to implement ...
Celsius Creditors Should Add All Claims on POC Form, Bankruptcy Expert Says – crypto.news
In a recent tweet, David Adler, a Bankruptcy asset recovery expert and lawyer, mentioned that Celsius investors should remember to add all their different claims on the proof of claim form. Instead of...