April 18th, 2025
Celsius News - Page 2
Celsius Network Files Complaint against EquitiesFirst as It Seeks to Recoup Assets
By Mayowa Adebajo
September 7th, 2023
Celsius Network was perhaps one of the worst-hit firms when the crypto winter struck in 2022.
New York Court Orders Asset Freeze for Former Celsius CEO Alex Mashinsky Due to Ongoing Criminal Case Proceedings
By Steve Muchoki
September 7th, 2023
Mashinsky had already put his Austin, Texas property that was acquired in 2021 with Celsius proceeds, on sale for about $2.49 million.
Prime Trust Files for Bankruptcy Protection amidst Financial Struggles
By Chimamanda U. Martha
August 15th, 2023
Prime Trust announced its intention to present a series of motions to the court.
Bankrupt Crypto Lender Celsius Network Plans New User-Owned Company
By Bhushan Akolkar
August 15th, 2023
The new Celsius company will operate Celsius’ mining operations while taking over private equity, institutional loans, and venture capital investments.
United States Federal Trade Commission Fines Celsius Network $4.7B, Here’s Why
By Mayowa Adebajo
July 14th, 2023
According to the FTC, the co-founders misappropriated no less than $4 billion worth of customer assets.
Celsius Ex-CEO Risk to Face CFTC Lawsuit
By Mayowa Adebajo
July 6th, 2023
CFTC investigators claim that they have reasons to believe that the bankrupt lender and its former CEO violated the rules of the agency.
Celsius Faces Creditor Pushback Over Bankruptcy Exit Plan
By Babafemi Adebajo
June 15th, 2023
Some creditors are unhappy with the revealed plan and have expressed their opposition.
New York Floats Bill to Allow Stablecoin Payments for Bail Bonds
By Mayowa Adebajo
May 11th, 2023
With the stringent measures that appear to have been established against crypto in New York, the acceptance of stablecoins for bail bonds is a win.
Celsius Auction Begins on Tuesday as Coinbase, Gemini, and NovaWulf Bid to Manage Restructured Assets
By Tolu Ajiboye
April 24th, 2023
More than 600,000 Celsius creditors would be closely monitoring the auction as it likely determines subsequent payment schemes.
Celsius Reaches Acquisition Agreement with Digital Management Agency to Exit Bankruptcy
By Tolu Ajiboye
February 16th, 2023
Insolvent crypto lender Celsius entered an acquisition agreement with NovaWulf that sees the creation of a new company.
Celsius to Recover ‘Fraudulently Transferred’ Funds from Former CEO, Other Senior Execs
By Tolu Ajiboye
February 15th, 2023
Insolvent crypto lender Celsius has filed a motion to recover the ‘millions’ of funds from companies affiliated with ex-CEO Alex Mashinsky.
BlockFi Secures Approval for Crypto Mining Business Auction
By Tolu Ajiboye
January 31st, 2023
Embattled crypto-centric company BlockFi looks to auction off its mining equipment amid its ongoing bankruptcy case.
New York Court Denies 3 Celsius Users’ Motion to Reclaim Assets
By Mayowa Adebajo
January 26th, 2023
Claimants argue that Celsius bever mentioned anything about transferring ownership and control of assets to debtors.
Celsius Proposes Bankruptcy Crypto Token Issuance as Part of Restructuring Plans
By Tolu Ajiboye
January 25th, 2023
Embattled crypto lender Celsius plans to use a new bankruptcy digital currency token to pay off its creditors.
Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining
By Mercy Tukiya Mutanya
December 21st, 2022
By the end of trading on Tuesday, the company’s market capitalization had dropped to $78 million from a $4.3 billion valuation in July 2021 when the company went public.