2023-7-14 17:06 |
The regulator said Celsius “squandered billions in user deposits” after “duping” customers into depositing funds.
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The US Federal Trade Commission (FTC) has reached a settlement with cryptocurrency platform Celsius Network, which has been charged with duping consumers into transferring cryptocurrency into their platform and then “squandering” billions in user deposits.
2023-7-14 21:30 | |
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The FTC said Celsius “squandered billions in user deposits” after “duping” customers into depositing funds. Celsius and its former CEO have also been sued by the US SEC today.
2023-7-14 17:54 | |
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Peer-to-peer crypto exchange Paxful will refund user balances affected by last year’s collapse of Celsius, according to a statement on March 29. The post Paxful to refund users’ Earn balances affected by Celsius collapse appeared first on CryptoSlate.
2023-3-30 00:11 | |
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Bankrupt Celsius exposed personal information of thousands of users amid its restructuring process. Here’s what happened and what you can do for protection.
2022-10-11 15:30 | |
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One Twitter user claimed that they are at “war” with the shorts while encouraging others to post more content about the short squeeze.
2022-8-11 13:59 | |
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One hearing into its lengthy bankruptcy process, Celsius has already sparked controversy regarding its restructuring plans and claims over user funds. The post Celsius lawyers claim users relinquished their crypto when they signed up appeared first on CryptoSlate.
2022-7-20 23:00 | |
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Celsius recently filed for bankruptcy after locking user funds last month
2022-7-19 17:17 | |
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Lawyers for the bankrupt crypto lender reaffirmed that user funds essentially belonged to the company and not the user, with potentially one major exception.
2022-7-19 06:18 | |
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A timeline of Celsius’ battle with insolvency during the crypto crash, from the firm’s decision to limit some user activity before the “pause,” to its decision to file for bankruptcy on the advice of restructuring experts.
2022-7-16 19:23 | |
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The popular pseudonym Twitter account Oxb1 has revealed the identity of the user behind it and, as rumors claimed, it is linked to lending company Celsius. Jason Stone founder and CEO of investment firm KeyFi wrote a thread explaining its relationship with the lending company and why it has decided to file a lawsuit against […]
2022-7-8 01:39 | |
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Questions continue to be asked of Celsius since it abruptly froze user accounts. With the crypto-winter in full swing, account holders are left in anguish over their holdings. Meanwhile, one analyst iThe post The Celsius episode - What this analyst thinks about what happened appeared first on AMBCrypto.
2022-6-20 19:30 | |
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The need for safety cannot be overemphasized in a crypto market such as this. With recent events such as Celsius halting withdrawals and transfers, it has become imperative to protect user funds. This is why having safe solutions such as SwissBorg to store, trade, and yield are important.
2022-6-16 18:30 | |
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The crypto-lending firm Celsius, which offers high-yield returns on user deposits, appears to be the latest to falter in the face of tightening financial conditions. It also came barely one month after the Terra-Luna stablecoin network collapsed.
2022-6-16 05:11 | |
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Some observers of digital asset markets criticized the move but others said that Celsius could be protecting user funds; cryptos plummet.
2022-6-14 03:43 | |
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Celsius has been moving more than a quarter of a billion dollars worth of funds from Aave into the FTX exchange for reasons not specified, in addition to suspending withdrawals for users.
2022-6-13 07:01 | |
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But said, “No Celsius client and user assets were affected” in the attack on the Badger platform. The post Crypto Lender Celsius Network CEO Confirms Losing Funds in 0.3 Million BadgerDAO Hack first appeared on BitcoinExchangeGuide.
2021-12-4 18:11 | |
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Despite Celsius surpassing 50k BTC in user deposits, the DeFi app’s CEO is unhappy with the high percentage wealth investors compared to ordinary users on the platform
2020-5-19 22:09 | |
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As empty as the phrase may be, most people agree that we need more women in blockchain. “You can’t have a revolution and leave out half of the population,” insists Celsius Network’s Alex Mashinsky, also the inventor of VOIP.
2019-4-10 16:54 | |
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In an Oct. 16 update to Binance.US’s terms of service for the exchange, a clarification was made that digital assets do not qualify for FDIC insurance coverage.
The Federal Trade Commission (FTC) permanently banned bankrupt lender Celsius (CEL) Network “from offering, marketing, or promoting any product or service that could be used to deposit, exchange, invest, or withdraw any assets,” according to a July 13 statement.
Quick Take Bitcoin has broken above $31,000. This is on the back of the DXY index dropping below 100 for the first time in 15 months. Crypto markets have been enjoying a bump since news broke this morning of Ripple’s largely victorious summary judgment in its case against the SEC.
Pietro Poretti, the city of Lugano’s director of the economic development division, said that the goal is to allow people to live in the city using only Bitcoin.
Of all the Securities and Exchange Commission’s actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry.
In an objection to Voyager’s proposed restructuring plan, the commission argued some of the involved parties should not be exempt from certain financial claims in the future.