April 18th, 2025
Celsius News - Page 3
Celsius Network Ordered by Court to Refund $50M to Custody Clients
By Godfrey Benjamin
December 8th, 2022
As we’ve reported earlier, Celsius Network was granted approval for the extension of its exclusivity period in a bid to dig out a more comprehensive avenue to unveil its reorganization plans.
Canadian Pension Fund Pulls Back from Crypto Investment
By Babafemi Adebajo
December 8th, 2022
The refusal to pursue crypto investment may underline a wider trend of investors withdrawing from the sector.
Celsius Customers Need to File Claims by January 3 in Bankruptcy Case
By Bhushan Akolkar
November 21st, 2022
Celsius explained that customers who agree to the company’s scheduling of the claims do not need to submit a proof of claim.
Crypto Lender Celsius Faces Fresh Scrutiny in New Court Order
By Mayowa Adebajo
November 2nd, 2022
The court has asked Celsius to throw more light on the proposed KERP program while also ordering a probe into its past business dealings.
Crypto Service Provider Prime Trust to Return $17M to Celsius Network
By Bhushan Akolkar
October 21st, 2022
Earlier, Celsius Network said that Prime Trust refused to fulfill its obligation of transferring the $17 million in crypto assets at the time of dissolving the agreement.
Troubled Crypto Lender Celsius Network Is Paying $3M in Legal Fees
By Bhushan Akolkar
October 17th, 2022
As per reports, Celsius’s financials hint at greater trouble. The troubled crypto lender could be more than $0 million in the red.
Top Celsius Execs Withdraw $56M in Crypto before Bankruptcy
By Kofi Ansah
October 6th, 2022
Mashinsky withdrew about $10 million in cryptocurrency in May 2022 while Leon cashed out about $7 million between May 27 and May 3.
Crypto Lender Celsius Co-Founder, Chief Strategy Officer Leon Resigns
By John K. Kumi
October 5th, 2022
Timothy Cradle, Celsius former director of financial crimes compliance, believes that the downfall of Celsius was its inability to manage risk well.
Celsius Announces Dates for Asset Auction after Bankruptcy
By Kofi Ansah
October 4th, 2022
Recent court records revealed that Celsius has a $2.8 billion balance sheet hole as a result of its liabilities exceeding its assets by more than $6.7 billion.
Celsius Founder Withdrew $10M Just Ahead of Bankruptcy
By Bhushan Akolkar
October 3rd, 2022
A large part of the funds withdrawn has been used to pay taxes for income that arose from the assets generated on Celsius.
Robinhood Taps USDC Issuer Circle to List Its First Stablecoin
By Mayowa Adebajo
September 29th, 2022
Robinhood’s partnership with USDC comes at a time that stablecoins are subject to criticisms and intensified scrutiny.
Amidst Celsius Network Bankruptcy Case, FTX CEO Considering Celsius Bid
By Sanaa Sharma
September 28th, 2022
The price of the CEL token plunged below $1.40 amid the crypto lender’s current bankruptcy battle.
Celsius Network Reportedly Turning Debt into Crypto IOU Tokens
By Tolu Ajiboye
September 23rd, 2022
A leaked audio file suggests that Celsius Network is resorting to crypto IOU tokens as a way to pay back customers.
Celsius Network Seeks Permission to Liquidate Its Stablecoin Holdings
By Babafemi Adebajo
September 16th, 2022
Meanwhile, the filing noted that the sales do not breach any law since the assets in question are stablecoins.
Celsius Bankruptcy Case to Get Independent Examiner
By Sanaa Sharma
September 15th, 2022
Celsius prompted bankruptcy filing this summer as it froze customer withdrawal from its platform.