Martin Glenn News

28.12 / 21:26

US Bankruptcy Court Approves $225M ‘MiningCo Transaction’ for Celsius, Prevents Securities Ruling in Chapter 11 Proceedings

Bankrupt cryptocurrency lending company Celsius Network has achieved a significant milestone in its Chapter 11 bankruptcy proceedings. The United States Bankruptcy Court for the Southern District of New York has granted approval for Celsius Network’s proposed “MiningCo Transaction” within the framework of its Chapter 11 bankruptcy proceedings.

12.02 / 21:19

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By Dietrich Knauth

05.01 / 06:44

COST Ethereum ETH Provident Bitcoin Courts Celsius Network Announces Unstaking of Ethereum Holdings to Facilitate Distribution to Creditors

Now-defunct cryptocurrency lender Celsius Network has revealed plans to unstake its Ethereum (ETH) holdings as part of its efforts to distribute assets to creditors.

01.12 / 15:13

Bankruptcy creditors Celsius Network’s Bitcoin Mining Pivot Faces Hurdles, Judge Suggests New Vote

Celsius’ Bitcoin (BTC) mining plans face obstacles as a United States judge hints at a possible new vote to clear deviations.

10.11 / 13:21

Blockchain Reuters SEC CEO Bitcoin reports Customers Celsius Network to pay back customers as bankruptcy case concludes

US Bankruptcy Judge Martin Glenn signed off on the restructuring on Thursday. Fahrenheit will pivot the business to pay back customers through bitcoin mining and earning "staking" fees by validating blockchain transactions, according to Reuters.

10.11 / 08:35

Bankruptcy Celsius Bitcoin Miner Court Approves Celsius Network’s Bankruptcy Exit, Transition to Bitcoin Miner

The U.S. Bankruptcy Court has approved Celsius Network LLC’s transition from a failed crypto lender to a Bitcoin mining business, setting the stage for the company to begin repaying its customers.

09.11 / 20:29

business lending Earn Bankruptcy Celsius Celsius bankruptcy Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo.

03.10 / 09:21

Celsius network end Customer court approval Celsius Network Seeks Final Court Approval to Begin Customer Repayments by Year-End

During an October 2 hearing regarding the approval of its reorganization plan, the bankrupt crypto lender, Celsius Network, informed a judge of its intention to initiate repayments to its customers by the end of the year.

03.10 / 06:49

regulation Bankruptcy end court approval Customers Celsius seeks court approval to start repaying customers by year-end

Embattled crypto lender Celsius Network has told a judge it plans to start paying back its customers by year’s end, amid an Oct. 2 hearing seeking approval for its reorganization plan.

26.08 / 16:15

Digital Ripple XRP SEC Strategy Southern Ripple vs. SEC CEL Judge Cites Ripple Case in Rejecting CEL's Security Classification in Bankruptcy Proceedings

A bankruptcy judge has refused to determine whether CEL, the native token of Celsius, should be classified as a security, citing the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC).

25.08 / 17:51

business regulation Altcoin Court Celsius Celsius bankruptcy Judge denies stakeholders request for representation in Celsius bankruptcy case

Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The judge also declined to settle whether or not the CEL token was a security.

18.08 / 15:33

Celsius creditors Restructuring Plan Celsius Sends Bankruptcy Restructuring Plan To Creditors Vote After Court’s Approval

Bankrupt crypto lender Celsius is set to hold a vote on a plan to sell its asset to Fahrenheit Group following the approval by a judge as the proceeding winds down.

14.08 / 22:39

business Bankruptcy Celsius settlement Customers Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay

Bankrupt crypto lender Celsius can start sending out ballots to its customers for a vote on a proposed settlement plan that would see a consortium called Fahrenheit buy Celsius’ assets and launch a new company. That company would distribute Celsius assets and equity in the new company to its customers.

22.07 / 16:01

business regulation Bankruptcy Celsius exit network Celsius Network reaches settlements to exit bankruptcy

Bankrupted crypto lender Celsius Network reached two settlements that allows it to return assets to customers and end its bankruptcy proceedings, according to court filings on July 20.

01.07 / 12:55

Altcoins Bitcoin Celsius Debtors Can Start Converting Altcoins to Bitcoin and Ether Starting Today

The United States Bankruptcy Court for the Southern District of New York has allowed Celsius debtors to trade their altcoins for Bitcoin and Ether starting today.

01.07 / 08:29

business Blockchain SEC Celsius network approved Celsius Network approved to convert altcoins into BTC or ETH

The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH).

16.06 / 15:13

Twitter Extreme Coindesk 3AC Three Arrows Capital Liquidators Request Contempt Sanctions for Co-Founder Kyle Davies – What's Going On?

Amid the ongoing legal proceedings surrounding the collapse of Singaporean crypto hedge fund Three Arrows Capital (3AC), the co-founder Kyle Davies is facing potential contempt of court charges.

29.03 / 20:29

business Paxful Earn Bankruptcy Celsius Lost Paxful to return lost Celsius funds to Earn users

Crypto marketplace Paxful will refund its Earn program users affected by the Celsius Network collapse in 2022, according to a Twitter thread posted on March 29 by company CEO Ray Youssef.

24.03 / 06:19

business regulation Marketplace Court Bankruptcy hedge fund 3AC co-founder can answer subpoena or 'take his chances' — US judge

Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, has been ordered to answer the subpoena issued to him in January or risk being held in contempt of court.

22.03 / 01:01

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

A bankruptcy judge overseeing the bankruptcy case for crypto lending platform Celsius Network has approved a settlement plan allowing custody account holders to get back 72.5% of their crypto holdings.

09.03 / 12:45

Bankruptcy Celsius Bankrupt crypto network Bankrupt Crypto Lender Celsius Network Pursues New Buyer Despite Existing Offer – What's Going On?

The bankrupt cryptocurrency lender, Celsius Network, is reportedly pursuing more bids and exploring new buyers despite having an offer on the table.

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