April 18th, 2025
Celsius News - Page 4
Celsius CEO Proposes Restructuring Firm to Focus on Crypto
By Kofi Ansah
September 14th, 2022
The company also discussed other possible scenarios for its future after filing for Chapter 11 bankruptcy.
Celsius Seeks to Reopen Withdrawals for Some Customers
By Kofi Ansah
September 2nd, 2022
The filing also revealed that, as of August 29, about 58,300 users had “custody assets” worth about $210 million and approximately 5,000 users held “withhold assets” worth about $15 million.
Celsius Faces Another Group of Customers over Unpaid Funds
By Kofi Ansah
September 1st, 2022
According to the account holders, Celsius still holds the same type of cryptocurrencies that they deposited, and the funds remain separate from the rest of Celsius’ funds.
Troubled Crypto Lender Celsius Files Countersuit against Former Employee
By Bhushan Akolkar
August 24th, 2022
Celsius has filed a countersuit on its former employee Jason Stone for stealing valuable assets from the company while demanding damages and restitution.
Celsius Network’s Actual Debt Is Close to $3B as Per New Report
By Bhushan Akolkar
August 16th, 2022
As per the latest report, Celsius’s current debt is more than what was reported in the bankruptcy filing. The company has reportedly lost a staggering 62,853 BTC deposited by investors.
Ripple Labs Considers Buying Celsius Assets
By Mayowa Adebajo
August 11th, 2022
Ripple is actively weighing its options in line with how Celsius’ assets may be relevant to its business.
Bankrupt Crypto Lending Platform Celsius Withdraws Motion to Hire CFO Back at $92K per Month
By John K. Kumi
August 8th, 2022
According to the original motion, Bolger worked as a full-time CFO at the company with a base salary of $750,000.
Zipmex Reportedly in Buyout Talks, Might Take Legal Action Against Babel, Celsius
By Tolu Ajiboye
July 25th, 2022
Zipmex announced it is considering buyout offers from “various interested parties” after suspending customer withdrawals last week.
Celsius Identifies Mining Operations as One Way of Recouping Losses Ahead of Reorganization Plans
By Tolu Ajiboye
July 19th, 2022
Celsius has stated at a bankruptcy hearing that its mining outfit should be able to repay some creditors ahead of total reorganization.
Crypto Lender Celsius Network Finally Files for Chapter 11 Bankruptcy
By Bhushan Akolkar
July 14th, 2022
Celsius Networks said that the bankruptcy proceedings will help stabilize its business and create a restructuring plan to return payments to its customers.
Celsius Network Repays $78M in USDC to Aave, Withdraws 6,083 WBTC of Collateral
By Bhushan Akolkar
July 12th, 2022
As per reports, Celsius has repaid more than $300 million of debt since the beginning of July unlocking a major part of its collateral. It still has $140 million in loans left to be paid to Aave and Compound.
Celsius Faces Lawsuit from Ex-Partner amid Growing Uncertainty
By Mayowa Adebajo
July 8th, 2022
The current lawsuit casts a shadow of more doubt over the survival of Celsius network.
Celsius Makes $120M Part Debt Repayment to Maker Protocol
By Tolu Ajiboye
July 5th, 2022
Amid its ongoing financial crisis, Celsius has paid off another sizable sum of its debt to Maker as it fights to stay afloat.
FTX US Signs Agreement with Crypto Lender BlockFi, But There’s a Catch
By Mayowa Adebajo
July 2nd, 2022
BlockFi and FTX US share common client protection goals and are delighted to work together.
Understanding What Caused the Recent Crypto Crash, and How Crypto Exchanges Can Protect Users
By Andy Watson
July 1st, 2022
Not long after the Terra-Luna crash, cryptocurrency lending platforms Celsius and Babel Finance experienced a liquidity crisis which even spread to hedge funds in the industry. So what were the causes of the recent incidents? What should major exchanges do to best protect their users? This article will provide a step-by-step analysis.