April 18th, 2025
Celsius News - Page 5
FTX Exchange Walked Out on Celsius’s Bailout Amidst Bad Finances
By Godfrey Benjamin
June 30th, 2022
FTX Derivatives Exchange was reportedly amongst the deep-pocket investors that showed interest in coming to the aid of embattled crypto lender Celsius Network but walked away after getting the full details of the company’s finances.
Three Arrows Capital (3AC) Finally Plunges into Liquidation
By Godfrey Benjamin
June 29th, 2022
The prominent crypto hedge fund, Three Arrows Capital (3AC) has finally veered into liquidation as it is notably unable to meet up with its debt obligations.
Celsius Network Resist Chapter 11 Bankruptcy Recommendation by Lawyers
By Ibukun Ogundare
June 28th, 2022
Celsius Network is resisting its lawyers’ recommendation to file for Chapter 11 bankruptcy. Instead, the executives of the crypto company are seeking support from users to settle the internal disagreement to tackle the lawsuit.
Wall Street Giant Goldman Sachs Looking to Raise $2 Billion to Buy Celsius’ Distressed Assets
By Bhushan Akolkar
June 27th, 2022
Banking giant Goldman Sachs is reportedly working with a group of investors who would purchase Celsius Network’s distressed assets at discounted valuations.
Celsius Network Offered Proposed Recovery Plan by BnkToTheFuture Following Withdrawal Shutdown
By Tolu Ajiboye
June 20th, 2022
The Celsius Network received a tentative plan from a former lead investor to deploy financially innovative countermeasures for recovery.
Sam Bankman-Fried Debunks Rumors of Causing Celsius’ Situation
By Mayowa Adebajo
June 20th, 2022
SBF feels it is only dutiful to make a move for the general good of the entire crypto market, even if it will come at a personal loss.
State Securities Regulators Launch Investigation into Celsius Network Accounts’ Freeze
By Tolu Ajiboye
June 17th, 2022
Celsius Network faces investigation from regulators across five states over its recent decision to suspend customer account withdrawals.
BitBoy Crypto to Spearhead Class Action Lawsuit against Celsius
By Godfrey Benjamin
June 16th, 2022
The BitBoy camp may not be able to file a class-action lawsuit just yet as Celsius has not yet filed for bankruptcy.
Celsius Reportedly Hires Lawyers for Business Restructuring
By Ibukun Ogundare
June 15th, 2022
Hopes are high that the restructuring will help Celsius regain its lost value.
Nexo Extends Offer to Purchase Celsius Collateralized Loan
By Godfrey Benjamin
June 13th, 2022
Only time will tell whether this offer to help will be accepted as it expires on the 20th of June.
Celsius Halts Withdrawals, Swap, and Transfers ‘due to Extreme Market Conditions’
By Ibukun Ogundare
June 13th, 2022
Celsius promises to restore withdrawals, staking, transfers to other accounts, and stabilize liquidity as soon as possible.
Celsius Expands Its Funding Round to $750M
By Oluwapelumi Adejumo
November 25th, 2021
Celsius would earmark some part of the funds to improve its platform in terms of utility.
Public Mint Joins Forces with Celsius as CeFi Provider for EARN App
By Kofi Ansah
October 5th, 2021
The fintech solution will seek to create a simple familiar platform offering the highest yields to users or newbies who may not be used to the complex and numerous protocols out there.
Fintech Breakthrough Awards Recognize Celsius Network as Best Cryptocurrency Wallet
By Ibukun Ogundare
April 6th, 2021
Celsius controls crypto worth over $10 billion and offers its services across over 100 countries globally.
4 Highest LTV Crypto-Backed Loans Platforms
By Julia Sakovich
April 5th, 2021
Loan-to-value (LTV) simply means how much cryptocurrency you will need to put up as collateral before you get a loan.