Celsius submits chapter 11 reorganization plan centered on NovaWulf deal

Celsius Network, the bankrupt cryptocurrency company, filed its chapter 11 reorganization plan in the late hours of March 31, 2023, built around NovaWulf Digital Management дальше »

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Paxful to refund users’ Earn balances affected by Celsius collapse

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. дальше »

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Paxful Announces Decision To Personally Return Lost Celsius Funds For Paxful Earn Users

The global bitcoin exchange will dig into its own coffers to reconcile users who lost their money as a result of the collapse of Celsius. дальше »

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Celsius sets end of April as new deadline for proof of claim

According to recent court filings, Celcius is extending its Customer Contract Decision. According to the development, April 28 2023 has been set as the new cutoff date. дальше »

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CEL surges as Celsius settlement gets court approval, details inside

The court has approved a settlement agreement between Celsius and its custody account holders. CEL sees increased trading volume in the last 24 hours. On 21 March, cryptocurrency lending plaThe post CEL surges as Celsius settlement gets court approval, details inside appeared first on AMBCrypto. дальше »

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Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge

Should they opt in to the deal, Celsius customers cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action.” дальше »

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Celsius to repay 72.5% of the crypto assets on custody account settlement

A federal judge authorized a settlement in the bankruptcy case of the defunct crypto lender Celsius. Holders of custodial accounts can now collect 72.5% of the crypto in such arrangements. During a hearing on March 21 in the US Bankruptcy… дальше »

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Celsius lawyers and advisors on track to gain over $140M in fees

Legal fees in the case of the bankrupt crypto lender Celsius are skyrocketing.

The post Celsius lawyers and advisors on track to gain over $140M in fees appeared first on CryptoSlate.

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Celsius lawyer and adviser fees on track to reach $144M, community responds

Software developer Cam Crews compiled data showing almost $102 million filed with the courts, with $42 million estimated in additional fees yet to be filed. дальше »

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Coinbase, Celsius and Paxos disclose funds in Signature Bank

The crypto-friendly Signature Bank was a key partner for many crypto firms, some which have been voluntarily disclosing their exposure to the recently closed firm. дальше »

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Crypto-Friendly Banks Collapse as Regulatory Pressure Mounts

Recent months have seen the collapse of several high-profile crypto-friendly banks, including FTX, Celsius, and Silvergate. These collapses have highlighted the challenges of regulation and compliance in the emerging crypto industry, and raised concerns about the stability and sustainability of the crypto ecosystem. дальше »

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Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC

Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17. дальше »

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Crypto Lender Celsius Should Continue Exclusive Right to Pursue Novawulf Deal, Judge Says

Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said дальше »

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Celsius used $558m in customer deposits to purchase CEL

Celsius Network, a lending company, is facing claims that it made CEL purchases worth $558 million using customer deposits. дальше »

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Coffeezilla rips Celsius Network scandal wide open

Coffeezilla provides his perspective on the recent allegations surrounding the Celsius Network, highlighting the potential legal and financial implications of the controversy. дальше »

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Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts

Celsius paused withdrawals last June, citing extreme market conditions. дальше »

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Celsius customers begin withdrawing funds eight months after bankruptcy filing

Funds withdrawals by Celsius custody account holders started on March 2. The withdrawals are opening about 8 months after the crypto lender filed for bankruptcy in June last year. The withdrawals were reopened for “Distributable assets in certain Custody Accounts. дальше »

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Криптокредитор Celsius возобновил вывод средств из кастодиальной программы

Через восемь месяцев с подачи заявления о банкротстве криптокредитор Celsius уведомил клиентов о разморозке части депозитов на счетах кастодиальной программы и начале процедуры вывода средств. дальше »

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Celsius Commences Withdrawals Eight Months After Filing For Bankruptcy

Crypto lender firm Celsius has announced that customers can now withdraw their assets from its platform eight months after the company filed for bankruptcy. According to an official tweet on March 2, withdrawals are now available, albeit for certain custody accounts only. дальше »

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Celsius custody customers begin withdrawing funds, details inside

Celsius has resumed withdrawals for customers with Custody Accounts. The withdrawals have opened 263 days after they were suspended in June last year. Bankrupt crypto lender Celsius Network The post Celsius custody customers begin withdrawing funds, details inside appeared first on AMBCrypto. дальше »

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Backlog of withdrawal requests slows down Celsius custody program

Celsius customers participating in the company’s custody program can now withdraw their funds. However, some users are experiencing delays in processing their requests due to a backlog of pending withdrawals. дальше »

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Celsius Custody customers finally begin withdrawals 263 days after freeze

Celsius users with funds held in its custody program have finally begun to withdraw funds, but users report delays due to a backlog of requests. дальше »

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Wrapped Bitcoin Supply Declines To Negative, Here’s Why

In a significant development, the supply of Wrapped Bitcoin (wBTC) has dropped to a negative value after a significant burn of 11,500 wBTC. The burn was linked to Celsius, a decentralized finance platform offering cryptocurrency lending and borrowing services. дальше »

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Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius

Wrapped Bitcoin garnered DeFi traders’ support in the 2021–22 bull season, but the demand started to fade when numerous crypto contagions led to redemptions. дальше »

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52 Million Americans Own Crypto Amid ‘Frustration’ In Biased Financial System: Survey

A year of disaster for the cryptocurrency market saw the demise of Terra/Luna, Three Arrows Capital, and Celsius Network, as well as the failure of the FTX exchange. Investors were left in a state of disarray, misery, and uncertainty as a result of the events, and many began to wonder if the business had a […] дальше »

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Galaxy Digital Closes $44M Acquisition of Self-Custody Platform GK8

The self-custody platform was an asset of bankrupt crypto lender Celsius. дальше »

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Crypto Biz: Celsius, FTX feel investors’ wrath as lawsuits multiply

Celsius creditors have filed a proposal to sue Alex Mashinsky, while creditors of FTX are turning their attention to the exchange's venture backers. дальше »

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Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy

A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender's intercompany claim, court filings show. дальше »

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Interview: What is the future of DeFi? Umee founder Brent Xu

It’s been a rough year or so for crypto. This includes the area of decentralised finance, where total value locked (TVL) has collapsed amid the bear market.   While the bulk of the scandals – Celsius, FTX etc – have originated within CeFi, DeFi has still come under scrutiny and faced challenges of its own. дальше »

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Judge Clears Celsius' Plan to Sell Bitmain Mining Coupons Worth Over $7M

The crypto lender must sell the vouchers before they expire, to raise funds for the bankruptcy estate дальше »

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Celsius Creditors Sue Mashinsky, Other Executives

Former Celsius executives (and their wives) are now facing a lawsuit from their creditors. Losing More Than $1 Billion in a Year The walls are closing in on Alex Mashinsky.... дальше »

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Celsius потребовал от Алекса Машинского вернуть выведенные с платформы средства

Представители обанкротившегося криптокредитора Celsius обратились в суд, чтобы вернуть миллионы долларов, которые компания считает потерянными из-за некомпетентных действий своего основателя. дальше »

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Суд запретил основателю KeyFi Джейсону Стоуну распоряжаться активами компании

Федеральный суд Южного округа Нью-Йорка запретил генеральному директору KeyFi и связанным с компанией лицам передавать или распоряжаться каким-либо имуществом компании без разрешения суда и уведомления комитета необеспеченных кредиторов Celsius.<br /> <br /> дальше »

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Knives out for Celsius and FTX as Separate Actions Accuse Firms of Hyping Projects

The trouble deepens for FTX Series B Investors and the former team of bankrupt lending protocol Celsius as they fight more legal battles. The post Knives out for Celsius and FTX as Separate Actions Accuse Firms of Hyping Projects appeared first on BeInCrypto. дальше »

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Celsius creditors committee proposes suing Mashinsky, other Celsius execs

The proposed lawsuit names Alex Mashinsky and a number of former executives and co-founders for alleged “recklessness, gross mismanagement, and self-interested conduct.” дальше »

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Celsius Attempts to Raise $14.4M From Bitmain Mining Vouchers to Keep Trading

Celsius filed a proposal to liquidate Bitmain Coupons and Credits for $14.4 million amidst the risk of hitting a liquidity wall. The post Celsius Attempts to Raise $14.4M From Bitmain Mining Vouchers to Keep Trading appeared first on BeInCrypto. дальше »

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Celsius’ CEO publisher cancels his ‘Mashinsky Method’ book

Alex Mashinsky’s planned book on financial literacy has been shelved. The publisher is currently working to remove all references from the internet following the Celsius mismanagement causing its filing for bankruptcy in 2022. The former CEO and founder of the… дальше »

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Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers

The company joins Core Scientific in trying to offload the assets before expiry, and will use the funds to repay creditors. дальше »

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Основатели Three Arrows Capital запускают платформу для торговли криптовалютными претензиями

Основатели хэдж-фонда Three Arrows Capital &#40;ТAC&#41; в партнерстве с Coinflex запускают платформу для торговли претензиями к обанкротившимся криптовалютным компаниям, таким как Celsius или FTX. дальше »

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Xclaim - a Marketplace for Crypto Bankruptcy Claims

Matthew Sedigh is the CEO at Xclaim, a marketplace for crypto bankruptcy claims. Users who have accounts with stranded assets at FTX, Genesis, Celsius, Voyager or BlockFi can sell the claim on their account to recover some liquidity. дальше »

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Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors

“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing. дальше »

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Celsius creditors, US gov oppose bankrupt’s lender extension request due to high cash burn rate

The United States government and creditors have objected to Celsius’ plan to extend its restructuring plan to June 30, according to February 8 court filings. The post Celsius creditors, US gov oppose bankrupt’s lender extension request due to high cash burn rate appeared first on CryptoSlate. дальше »

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Celsius’ Proposed Extension for Wind-Up Opposed by Creditors, US Government

Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn. дальше »

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Celsius’ Proposed Extension for Restructuring Opposed by Creditors, US Government

Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn. дальше »

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Celsius Network seeks deadline extension for chapter 11 bankruptcy filing

Celsius Network, a cryptocurrency lending platform, has filed a request to extend its deadline for financial restructuring on filing for chapter 11 bankruptcy. дальше »

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Crypto mining done right – QTUM offline staking

Staking is one of the most fundamental features of the modern crypto ecosystem. Not only does it earn passive income on your investment, it also allows you to participate in protocol governance. Over this past year, we have seen multiple staking platforms like Celsius and BlockFi go bust for various reasons. дальше »

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2022 funding wrap: Epic Games, Citadel and LFG lead good year for crypto startups

Crypto had a difficult 2022 in general, but the startling string of major failures, including Three Arrows Capital (3AC), Voyager, Celsius, FTX, and BlockFi, did not slow down venture capital (VC) activity, as evidenced by data from blockchain fundraising tracker… дальше »

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SBF bail guarantor to go public, UK crypto framework and Celsius news: Hodler’s Digest, Jan. 29 – Feb. 4

Top Stories This Week SBF’s $250M bail guarantors should be made public, rules judge The identities of two individuals who helped former FTX CEO Sam Bankman-Fried with his $250 million bail bond could be revealed next month following a recent ruling by United States District Judge Lewis Kaplan. дальше »

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Руководство Tether опровергло факт займа денег у Celsius

Tether никогда не получала кредиты от обанкротившегося криптовалютного кредитора Celsius, заявил главный технический директор компании. дальше »

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Some Hope on the Horizon for Victims of Celsius Collapse

Selected Celsius users are bestowed with reassurance as the bankrupt company will allow the withdrawal of 94% of the funds. But what about the remaining users? The post Some Hope on the Horizon for Victims of Celsius Collapse appeared first on BeInCrypto. дальше »

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