Martin Glenn News

16.02 / 19:58

regulation Court Bitmain Bankruptcy Celsius Celsius bankruptcy Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons

Debtors for crypto lender Celsius Network have the authority to sell coupons for mining firm Bitmain coupons worth roughly $7.4 million following a ruling from a bankruptcy judge.

13.02 / 20:13

Digital Platform Southern crypto deposits Customers Judge Rules Celsius Networks Owns Customers' Crypto Deposits

A federal bankruptcy judge ruled that Celsius Network owns most of the cryptocurrency that customers deposit on its online platform, meaning that Celsius customers will be the last to receive repayment from the crypto lender.

09.02 / 22:57

Law regulation Bankruptcy Celsius creditors Restructuring Plan Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors

The unsecured committee of creditors and others involved in crypto lending firm Celsius’ bankruptcy case have objected to a motion from the debtors delaying a reorganization plan.

08.02 / 23:29

Law regulation Bankruptcy hedge fund Lawyers NOT 3AC founder has 'chosen to ignore his duties' by not responding to subpoena, say bankruptcy lawyers

Three Arrows Capital founder Kyle Davies has not responded to a subpoena issued over Twitter aiming to gather information related to the firm’s assets.

25.01 / 22:11

Law regulation Bankruptcy Celsius Judge denies motions from Celsius users seeking to reclaim assets

A judge overseeing bankruptcy proceedings for crypto lending firm Celsius Network has denied motions from three users with different claims on assets stuck since July.

05.01 / 01:15

business Stablecoin Bankruptcy Celsius Judge rules Celsius owns funds in Earn accounts, paving the way for stablecoin sale

Judge Martin Glenn, who is presiding over the Celsius bankruptcy case, ruled on Jan. 4 that the funds in the Celsius interest-bearing Earn program belong to Celsius under the terms of the program’s terms of use. The funds reportedly amount to more than $4 billion.

21.12 / 05:39

business Bankruptcy Celsius approved Celsius amasses 30 potential bidders for its assets, withdrawal motion approved

Bankrupt crypto lender Celsius Network has attracted 30 potential bidders over its various assets including its retail platform and mining business.

08.12 / 17:17

MARKET Legal Bankrupt crypto Customers Judge Orders Bankrupt Crypto Lender Celsius to Return $50 Million to Customers – Here’s What Happened

A US judge in the Celsius Networks bankruptcy case ordered the lender to return crypto worth $50 million to users of custody accounts (only), Bloomberg reported.

08.12 / 09:25

Ethereum BTC EOS Bitcoin Customers Bitcoin Price and Ethereum Prediction; Celsius Customers to Get $44M in Crypto From Bankruptcy

Bitcoin, the leading cryptocurrency, has failed to hold above the $16,900 support level, which has now become a major resistance. While Ethereum, the second-most valuable cryptocurrency, has also breached a major support level of $1,240, extended by an upward channel.

05.12 / 16:19

Platform What Celsius Network’s bankruptcy case means for other failed crypto platforms

The judge overseeing Celsius Network’s bankruptcy case is expected to decide if the crypto firm has full ownership rights over customer deposits, a key legal issue that may resonate for millions of other users of failed crypto platforms.

02.12 / 22:53

business Law Bankruptcy hedge fund 3AC bankruptcy process faces challenges amid unknown whereabouts of founders

Liquidators for Three Arrows Capital (3AC) will have to present further documents to grant the permission to subpoena the now-bankrupt crypto hedge fund's founders through Twitter, according to a decision from judge Martin Glenn during a virtual hearing for the Southern District of New York Bankruptcy Court on Dec. 2.

04.11 / 22:03

business Twitter Binance Crypto Biz: Was Celsius just a Ponzi after all?

Crypto lender Celsius was one of the biggest casualties of the bear market. After halting withdrawals for months due to “extreme market conditions,” the distressed lender officially filed for Chapter 11 bankruptcy on July 13. Now, the federal judge overseeing the bankruptcy proceedings has ordered the case examiner to determine whether the company was operating like a Ponzi scheme. Disgruntled Celsius customers have made a strong case that the company’s business operations met the legal definition of a Ponzi. After all, it didn’t take long for Celsius’ business model to crumble under volatility. This is one case we should all be monitoring very closely.

02.11 / 11:05

business Court Bankruptcy Ponzi scheme Judge orders probe to investigate whether Celsius was a Ponzi

The judge overseeing the Celsius bankruptcy case has ordered the examiner and the official committee of Celsius creditors to determine who will head a probe into whether the firm was operating like a Ponzi scheme.

25.10 / 13:03

COST UPS Platform Celsius Gets Green Light from Bankruptcy Judge for Bidding Plans

Celsius Network has received a green light from a federal bankruptcy judge bidding procedure plans.

23.10 / 23:17

Government Twitter Bitcoin Celsius users concerned over personal info revealed in bankruptcy case

Crypto lending platform Celsius filed for Chapter 11 bankruptcy on July 13, 2022. Although the Celsius case involves digital assets, it remains subject to United States Bankruptcy Code under the Bankruptcy Court for the Southern District of New York.

21.10 / 21:43

business Mining Energy Court network Financial Celsius Network defaults on payments to Core Scientific, causing financial unrest

Crypto lender Celsius Network's legal journey has gained another chapter as Bitcoin miner Core Scientific accused the company of refusing to pay its bills since filing for Chapter 11 bankruptcy, according to court papers filed on Oct. 19.

19.10 / 17:57

BLOCK CEO Action network Celsius Network attracts Federal investigation- Details you need to know

Crippled crypto lender Celsius Network is reportedly facing a federal investigation in the United States.

04.10 / 17:39

Provident Platform Southern network Decoding the significance of 17 October for the bankrupt Celsius Network

Celsius Network [CEL], the New Jersey-based bankrupt cryptocurrency lending company, managed to set the date for auctioning its assets. As per the document filed with the US Bankruptcy Court for the Southern District of New York on 3 October, Celsius will have its final auction on 17 October.

15.09 / 22:47

Digital Platform Southern Luna Celsius: Judge permits independent examiner’s probe in bankruptcy case

A federal judge from the United States Bankruptcy Court for the Southern District of New York hasallowed the U.S. Trustee’s office to appoint an independent examiner to investigate the affairs at the New Jersey-based bankrupt cryptocurrency lending company Celsius Network.

15.09 / 13:23

COST Platform Southern Neutral Third Party to Examine Celsius' Finances

A neutral third party is set to examine the finances of Celsius Network, which earlier this year filed for Chapter 11 bankruptcy.

18.08 / 12:07

BTC Digital Southern Bitcoin Celsius Received Approval to Continue Bitcoin Mining

Celsius Network has been granted the approval to use its mined Bitcoin (BTC) to offset some of the deficit incurred in its daily operations.

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