2023-1-6 18:47 |
Alex Mashinsky’s actions leading up to Celsius declaring bankruptcy allegedly contributed to investor losses by misrepresenting the platform’s financial condition. origin »
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Lawyers, advisers, and bankers involved in the Celsius bankruptcy case collectively earned $53 million as administrative expenses in four months, as reported by the Financial Times. The post Celsius case ‘administrative expenses’ add up to $53M appeared first on CryptoSlate.
2022-12-29 05:00 | |
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Galaxy, the crypto-focused financial services firm, had won the auction for GK8 earlier in the month.
2022-12-14 01:35 | |
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The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
2022-12-6 01:59 | |
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Galaxy Digital has announced its intention to acquire GK8 from Celsius Network [CEL] CEL has seen increased accumulation in the last week On 2 December, Galaxy Digital (Galaxy), a financial The post Does a surge in CEL's accumulation call for a profitable December for investors appeared first on AMBCrypto.
2022-12-4 02:30 | |
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The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
2022-12-3 00:51 | |
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Financial services and wealth management pioneer Galaxy Digital Holdings today announced plans to purchase GK8, a secure corporate virtual assets self-custody platform. Subject to court approval and other closing conditions, the transaction will result from a sale procedure following Celsius…
2022-12-3 22:30 | |
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The crypto winter that began in early 2022 has resulted in several financial issues, including Bitcoin mining firms. Many crypto firms have struggled, while others had to close shop. The crypto community felt the impact, mainly through many crypto firms, including Celsius Network, Three Arrows Capital, Voyager Digital, etc.
2022-10-31 14:15 | |
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Core Scientific claims to be losing approximately $53,000 per day to cover the increased electricity tariffs that Celsius refuses to pay.
2022-10-22 21:00 | |
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Nothing supersedes personal experience. At least that seems to be the case with a new JPMorgan Chase hire this week, as the financial firm has brought in former Celsius executive Adam Iovine to serve as a director of digital assets regulatory policy, according to a variety of reports on Wednesday, which cite Iovine’s LinkedIn page.
2022-10-20 21:51 | |
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On October 5, disgraced CeFi lender Celsius filed Schedules of Assets and Liabilities and Statements of Financial Affairs as part of its Chapter 11 bankruptcy proceedings. The post Court filing ‘doxing’ Celsius users draws questions on KYC, bankruptcy processes appeared first on CryptoSlate.
2022-10-7 13:40 | |
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Celsius Network (CEL/USD) founder Alex Mashinsky, who recently resigned as the bankrupt crypto lender’s CEO, withdrew $10 million from the firm’s accounts just weeks before it announced a halt to all customer withdrawals, according to a Financial Times report.
2022-10-4 17:30 | |
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According to the Financial Times, Alex Mashinsky, who resigned as CEO of Celsius on September 27, withdrew US$10 million from the crypto exchange weeks before it declared bankruptcy and froze withdrawals in June.
2022-10-3 17:00 | |
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Celsius Network’s founder Alex Mashinsky reportedly withdrew $10 million from the struggling crypto lender a few weeks before the firm froze its customer funds and filed for bankruptcy, the Financial Times reported on October 2.
2022-10-3 12:00 | |
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The vast majority of the sum was used for covering taxes, according to a report by the Financial Times
2022-10-3 09:06 | |
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The biggest news in the cryptosphere for September 27 includes Binance’s new global program that aims at helping law enforcement fight cybercrime, FTX’s acquisition of the bankrupt Voyager, and Celsius CEO Alex Mashinsky’s resignation.
2022-9-28 00:17 | |
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"I am very sorry about the difficult financial circumstances members of our community are facing," writes Mashinsky.
2022-9-27 18:19 | |
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According to the regulator, Celsius “lacked sufficient assets to repay its obligations” despite suggesting it had enough funds in its reserves to mitigate the risk of insolvency.
2022-9-8 00:53 | |
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Vermont's Department of Financial Regulation alleged that crypto lender Celsius boosted its balance sheet by counting its CEL token holdings as assets, boosting those tokens' value and "artificially inflating" its net value.
2022-9-7 17:22 | |
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Instead of operating in darkness, more players in the financial industry should move their transactions to the blockchain, where every move is public.
2022-8-24 20:01 | |
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Celsius' Chief Financial Officer has said that the embattled lender has sufficient cash to make it to the end of the year. The post Celsius CFO Says Company’s Cash Flow Will See It Through 2022 appeared first on BeInCrypto.
2022-8-22 15:00 | |
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В начале года CEO Celsius Network Алекс Машинский «взял под контроль» торговую стратегию криптолендинговой платформы и столкнулся с трениями в команде. Об этом со ссылкой на осведомленные источники пишет Financial Times.
2022-8-17 11:02 | |
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Celsius Network CEO Alex Mashinsky took over the crypto lender's trading strategy operations in January, months before the platform filed for bankruptcy, reported the Financial Times. The post Celsius Network CEO Ran Trading Desk for Months, Report Reveals appeared first on BeInCrypto.
2022-8-17 22:45 | |
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The Department of Financial Protection and Innovation previously ordered BlockFi and Voyager to stop their offerings in the state.
2022-8-11 13:20 | |
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Embattled crypto lender Celsius Network wants to rehire its ex-Chief Financial Officer Rod Bolger, according to a court filing made by the firm on July 25. The post Celsius wants to rehire its ex-Chief Financial Officer appeared first on CryptoSlate.
2022-8-3 20:53 | |
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Bankrupt crypto lending company Celsius has asked for its former Chief Financial Officer return as an advisor. Celsius Seeks Bolger’s Services Celsius seeks to re-establish its relationship with its last...
2022-7-27 00:04 | |
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Tether’s (USDT) liquidation of the $840 million loan it gave to Celsius could be under scrutiny under bankruptcy law to determine if the process was valid, the Financial Times reported July 26.
2022-7-26 21:00 | |
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Former Compliance and Financial Crimes Director at crypto lender Celsius, Timothy Cradle joined CoinDesk TV’s “First Mover” to discuss the platform’s alleged questionable practices.
2022-7-21 22:05 | |
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The crypto exchange denied exposure to the crypto lender and hedge fund that are both seeking bankruptcy protection.
2022-7-20 18:00 | |
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Celsius former financial crimes compliance director told CNBC that the beleaguered lender was dealing with a range of internal failures years before it filed for Chapter 11 bankruptcy. Celsius Faces...
2022-7-20 15:09 | |
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Celsius, a renowned crypto lender, has obtained crucial approval to go ahead with its… The post Celsius gets approval for a new Bitcoin mining plant as it seeks financial stability appeared first on CoinJournal.
2022-7-19 15:01 | |
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Криптолендинговая платформа Celsius Network задолжала частной финансовой компании EquitiesFirst $439 млн. Об этом сообщает Financial Times со ссылкой на осведомленные источники. В четверг Celsius и некоторые ее дочерние компании подали ходатайство о банкротстве в суд Нью-Йорка.
2022-7-16 18:13 | |
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Криптолендинговая платформа Celsius Network и некоторые ее дочерние компании подали ходатайство о банкротстве в суд Нью-Йорка. Moments ago, @CelsiusNetwork filed voluntary petitions for Chapter 11 protection and announced that the company initiated a financial restructuring.
2022-7-14 08:05 | |
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Celsius Network, the embattled crypto lender, is "deeply insolvent," according to the Department of Financial Regulation (DFR) in the U.S. state of Vermont. The post Celsius ‘Deeply Insolvent’ Says Vermont Financial Regulator appeared first on BeInCrypto.
2022-7-13 19:00 | |
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The troubled lender lacks the assets and liquidity to honor its obligations to investors, DFR said.
2022-7-13 02:37 | |
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Celsius Network, a famous crypto lending firm, has been battling a serious financial crisis…
The post 5 best alternatives to Celsius appeared first on CoinJournal.
2022-7-8 14:13 | |
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Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.
2022-7-4 12:16 | |
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Crypto financial service provider Babel Finance has halted withdrawals and redemptions amid a market slump, soon after Celsius did the same, citing 'liquidity pressure' The post Babel Finance Pauses Withdrawals After Celsius; Amber Group Clarifies Position appeared first on BeInCrypto.
2022-6-18 14:52 | |
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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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Investors pulled out some $1.6 billion this week from USDT, the largest stablecoin by market capitalization, in the wake of Celsius and Three Arrows Capital facing financial woes.
2022-6-16 21:35 | |
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Cash-strapped crypto lender Celsius Network has reportedly hired restructuring attorneys from US-based law firm Akin Gump Strauss Hauer & Feld LLP to help with its current financial woes, the Wall Street Journal reported Wednesday, citing sources familiar with the matter.
2022-6-16 19:33 | |
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Crypto lending platform Celsius has hired a legal team to advise on restructuring its business after facing liquidity issues, The Wall Street Journal reported, citing sources with direct knowledge of the matter.
2022-6-16 16:15 | |
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Celsius reportedly onboarded attorneys to find different solutions to the current financial challenges that the company is facing.
2022-6-16 13:42 | |
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"Our front office teams [...] think and act like risk managers to ensure that we are not exposed in any significant way to market swings," said Celsius chief financial officer Rod Bolger.
2022-5-12 19:44 | |
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Largest decentralized exchange on Polygon, QuickSwap recently announced a cooperation With CelsiusX. The DeFi arm of Celsius, the decentralized financial services network founded by Alex Mashinsky, the partners are set to bring more liquidity and create yield opportunities for users on the sector.
2022-2-4 21:00 | |
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Jane Castor is now the fourth US mayor this week to declare the will to accept salary in Bitcoin, in response to the growing trend challenging American politicians to publicly endorse bitcoin. Castor made the announcement during the Florida Bitcoin & Blockchain Summit two-day event sponsored by blockchain financial services network Celsius, urging co-founder and […]
2021-11-6 01:42 | |
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Celsius, the global industry-leading cryptocurrency yield-earning platform announces the launch of its dynamic and innovative web-based application for its industry-leading financial services. Since its founding...
2021-5-30 07:28 | |
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The FinTech Breakthrough Awards recognize innovators in the emerging field of financial technology. Four awards were handed out in the cryptocurrency category.
2021-4-6 21:00 | |
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Crypto banking and financial services platform Celsius Network (CEL) plans to self-insure its users’ funds against unforeseeable losses, its co-founder and CEO Alex Mashinsky announced on Twitter today.
2021-2-7 18:10 | |
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The Celsius crypto financial services platform has integrated Chainlink’s decentralized price feeds as a key component of its pricing services.
2020-10-31 21:00 | |
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Alex Mashinsky, disgraced founder of Celsius, was sentenced to 12 years in prison.
Celsius seeks a $2 billion return from users who withdrew funds within 90 days before its bankruptcy, aiming for fair creditor treatment.
Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract. The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.
Bankrupt crypto lender Celsius has opened withdrawals for eligible custody users starting Nov. 29, according to a statement on its official handle on social media platform X (formerly Twitter). A Nov.
“The return comes from hash rate, not from pixie dust, Ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.
Key takeaways Celsius is seeking court approval to start repaying customers in the coming weeks. The company will repay its creditors using Bitcoin and Ethereum and stock in the new company.
Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing.