Alex Mashinsky News
17.08 / 15:23
CEO
Bankrupt crypto
financing
Bankrupt crypto lender Celsius seeks financing amid cash crisis
Bankrupt crypto firm Celsius Network will run out of cash by October, and is looking for financing, including a so-called debtor-in-possession loan, Joshua Sussberg, the firm's lawyer said at a court hearing on 16 August.
16.08 / 22:53
business
Trading
Bankruptcy
Celsius CEO personally directed crypto trades months before bankruptcy: Report
Celsius CEO Alex Mashinsky reportedly “took control” of trading strategy at the crypto lending firm amid January rumors the United States Federal Reserve planned to hike interest rates.
12.08 / 11:27
10.08 / 14:09
business
Law
regulation
California
California regulator orders Celsius to stop selling securities in the state
The Department of Financial Protection and Innovation of California (DFPI) continues to bring actions against crypto interest account providers, failing to comply with the local law. After commanding BlockFi and Voyager to stop their offerings in the state, the DFPI issued a desist and refrain order to crypto lending firm Celsius.
08.08 / 13:09
Man
CEO
Rocky
Moonshot
Man with moonshot ideas: Celsius CEO Alex Mashinsky’s rocky journey
For some 30 years, Alex Mashinsky barreled into whatever was the hot technology of the time, promising revolutions in long-distance calling, airport rides and, most recently, crypto. He often left a trail of unhappy friends, colleagues and investors.
01.08 / 14:19
cryptocurrency market
crypto market
Celsius
Crypto clients beg for their cash back after lender's crash
Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.
31.07 / 16:13
Crypto Clients Beg For Their Cash Back After Lender Celsius's Crash
Celsius had billed the platform as a safe place for people to deposit their crypto currencies
25.07 / 11:53
Investing
Legal
Customers
Anger, Worry, and Doubt – Celsius Customers ‘Pray’ for the Return of Their Crypto
The Celsius Network (CEL)’s fall from grace has been nothing short of spectacular – and the crypto lender has been amongst the highest-profile casualties of one of the most brutal crypto winters to date.
19.07 / 18:35
Crypto firm Celsius is reeling from bankruptcy — here’s what you need to know
Cryptocurrency lender Celsius Network was founded in 2017 by entrepreneur Alex Mashinsky and once valued at more than $3bn. Now, it's in bankruptcy proceedings.
15.07 / 12:39
15.07 / 09:29
Celsius owes users billions as $1.2bn hole in balance sheet revealed
Celsius Network has a roughly $1.2bn hole in its balance sheet, with the majority of its liabilities owed to the cryptocurrency lender’s users, according to a 14 July filing by chief executive Alex Mashinsky.
15.07 / 06:25
business
lending
Court
Bankruptcy
Celsius bankruptcy
Celsius bankruptcy filings show a company in deep trouble
Celsius’ bankruptcy filing has revealed some unpleasant surprises about the state of the crypto lending platform, including a $1.2 billion deficit formed largely as a result of user deposits.
14.07 / 18:07
Provident
Maxim
Platform
Southern
The A-to-Z of Celsius filing for bankruptcy after closing off all debts
Crypto lending platform Celsius has created many headlines across the crypto space over the past two months. In the latest development, Celsius closed off the last of its DeFi debts that it owed Compound, Aave, and Maker.
14.07 / 16:29
Ethereum
Provident
Tether
Bitcoin
network
Celsius Network files for bankruptcy
The firm, which was valued at $3.25 billion on a $750 million Series B financing round in November, allowed its 1.7 million users to deposit their bitcoin, ethereum and tether and receive weekly interest payments.On announcing bankruptcy proceedings, founder Alex Mashinsky told the Wall Street Journal: “This is the right decision for our community and company. I am confident that when we look back at the history of Celsius, we will see this as a defining moment.”At the time of the filing, the US company had $167m cash on hand to provide liquidity to support certain operations during the restructuring process.
14.07 / 13:11
UPS
Provident
Digital
WBTC
Celsius Files for Chapter 11 Bankruptcy Protection, Clears Debt with Compound
Crypto lender Celsius Networks has filed for Chapter 11 bankruptcy protection, MarketWatch reported.
14.07 / 07:17
Altcoins
lending
CEL
saga
CEL Crashes as Celsius Enters New Chapter of Its Saga and It's Restructuring
After reportedly returning all of its debt to DeFi lending protocols, troubled crypto lender Celsius (CEL) said it has initiated voluntary Chapter 11 proceedings in the US in an attempt to stabilize its business. CEL dropped following the announcement.
13.07 / 12:51
regulation
security
Interest rates
Vermont becomes the sixth US state to launch investigation against Celsius
Vermont's Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users that the crypto lending firm is not licensed to offer its services in the state.
08.07 / 08:03
Bitcoin
Bitcoin Price
Celsius moved $529M worth of wBTC to FTX exchange: Should we be worried?
Embattled lending platform Celsius has transferred nearly 25,000 Wrapped Bitcoin (wBTC), worth $528.9 million to crypto exchange FTX, prompting concerns from some in the community about whether a dump may soon follow.
30.06 / 12:47
Platform
COMPOSITE
Indexes
WSJ
risk profile
Celsius Had Higher Risk Profile Than Average US Bank: WSJ
A recent reportfrom the Wall Street Journal (WSJ) has revealed that embattled crypto lending platform Celsius Network took on more risk than it could naturally handle.
28.06 / 11:49
business
regulation
Court
Celsius denies allegations on Alex Mashinsky trying to flee US
Troubled crypto lending firm Celsius is putting their best foot forward to recover operations alongside CEO Alex Mashinsky, who currently stays in the United States, the company has claimed.
27.06 / 14:29
Twitter
CEO
Platform
Exodus
Celsius CEO Stopped by Authorities from Leaving US: Report
Crypto lender platform Celsius Network CEO Alex Mashinsky was reportedly stopped by authorities from leaving the U.S., amid insolvency rumours about his company.
facts about Alex Mashinsky
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