2024-9-24 11:55 |
The Celsius token skyrocketed 300% a month after the firm paid $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement. origin »
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Celsius has repaid $2. 53B to 251,000 creditors, covering 84% of the debt. 121,000 creditors still haven’t claimed their funds, many due small amounts. Former CEO Alex Mashinsky faces fraud charges, with $4.
2024-8-27 14:36 | |
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Celsius Network, a bankrupt digital asset lender, has revealed plans to begin repaying creditors using billions of dollars in crypto assets before the year’s end. The company presented a restructuring plan, outlined in a recent filing to a US bankruptcy court, which aims to generate funds for a new corporate spinoff known as “NewCo” and facilitate customer repayments.
2023-10-5 05:00 | |
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The Official Committee of Unsecured Creditors joined other Celsius borrowers in opposing the U.S. Trustee's motion to appoint an independent examiner, though they did not oppose the appointment of any third party investigator to dig into the embattled crypto lender's financials.
2022-9-9 01:06 | |
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The biggest news in the cryptoverse for September 1 includes Michael Saylor disagreeing with allegations of tax avoidance, United States probing Binance over AML compliance since 2020, Celsius asking to return $210 million to creditors, and OpenSea supporting only NFTs on PoS post-merge.
2022-9-2 03:45 | |
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A new group of creditors has filed a lawsuit against Celsius Network seeking repayment of roughly $22.5 million held in the company’s custodial account. The post Creditors file fresh suit against Celsius seeking $22.5M reimbursement appeared first on CryptoSlate.
2022-9-2 15:15 | |
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Suspension of withdrawals on Celsius custody contradicts the plain language of the firm's terms of use, a group of disgruntled creditors argued.
2022-9-1 14:18 | |
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If Celsius Network’s CEO, Alex Mashinsky was “being transparent,” there would be “no need to pull in an independent examiner," Sasha Hodder, founder of Hodder Law Firm, said on CoinDesk TV's "First Mover."
2022-8-20 00:17 | |
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The company’s CFO testified the company will receive additional funds in maturing loans and sales and use tax savings in a bankruptcy hearing with creditors.
2022-8-19 20:47 | |
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With multiple financing offers reportedly coming for Celsius Network, it announced it would meet with the Unsecured Creditors Committee (UCC) on August 23 to consider possible options to accelerate the recovery of the customer’s funds.
2022-8-17 16:45 | |
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The Committee representing customers affected by Celsius’ bankruptcy has issued a mission statement as it seeks further investigation into CEO Alex Mashinsky for allegedly misleading the public.
2022-8-9 18:00 | |
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Legal experts survey the undiscovered country that awaits customers of the bankrupt cryptocurrency lending platform.
2022-7-27 20:43 | |
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The prospects of Celsius’ creditors recovering their funds from the exchange any time soon are looking slim, with parties advised to brace themselves for an extended tussle in court. The post Celsius Customers Could Wait Years to Access Funds appeared first on BeInCrypto.
2022-7-18 12:30 | |
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Celsius’s Chapter 11 bankruptcy claim revealed that the company had over 100,000 creditors and it was working on a restructuring deal that would see most of them paid off. The post Celsius bankruptcy filing shows its biggest creditor has ties to Alameda Research appeared first on CryptoSlate.
2022-7-15 19:30 | |
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The fallout continues from the crypto industry's slump, with fresh filings from Celsius, layoffs at OpenSea and a short-squeeze in Voyager's tokens. PLUS: We talked to a Singapore-based lawyer about the Gordian knot that is the Three Arrows bankruptcy case.
2022-7-15 02:46 | |
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Bitcoin is seeing a reduction in selling pressure from large investors as its price continues to hold above $67,000.