Simon Dixon News

20.09 / 06:09

business Scams phishing Bankruptcy Celsius Phishing attacks Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan

Creditors from bankrupt crypto lender Celsius Network are again being targeted in a new wave of phishing attacks as the crypto lender’s bankruptcy proceedings enters its final stages.

19.07 / 11:39

Blockchain regulation Bitcoin Industry Bitcoin Regulation Bankruptcy Celsius Celsius could repay all USD claims if Bitcoin, Ether prices rose by 2X: Simon Dixon

Bankrupt crypto lender Celsius is battling a Chapter 11 bankruptcy with billions of dollars in claims made by various parties. A new estimate by the Bank of the Future (BF) suggests that the troubled crypto lender could likely repay the USD claims if the price of Bitcoin and Ether, the two assets that the firm holds, doubled from its current price.

29.05 / 00:25

Binance defi Hackers regulation Scams Insurance Crypto users Turns out, it’s pretty difficult to insure crypto users and platforms

Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and crypto executives told Cointelegraph.

16.05 / 03:53

Ethereum defi Staking Celsius Withdrawals open Celsius moves $781M in stETH just as Lido withdrawals open

It appears that embattled crypto lender Celsius is wasting no time in shifting its Ethereum staking tokens from liquid staking platform Lido which has just enabled withdrawals.

21.11 / 03:55

business FTX Bankruptcy Lawyers Getting funds out of FTX could take years or even decades: Lawyers

While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.”

03.10 / 08:15

business Bankruptcy Fried Sam Sam Bankman-Fried sheds light on how FTX would approach a Celsius bid

FTX founder and CEO Sam Bankman-Fried have shared details on how his firm would approach a buy-up of Celsius’ tassets.

27.09 / 02:11

business Investments exchanges FTX, Binance and CrossTower are competing to buy Voyager Digital assets: Source

Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources.

15.09 / 09:29

business regulation Bankruptcy Celsius bankruptcy Celsius bankruptcy judge gives the nod for independent examiner probe

A federal judge overseeing crypto lender Celsius’ bankruptcy case has given the green light for the motion to appoint an independent examiner to investigate aspects of Celsius’ business.

07.09 / 10:05

business Law Celsius co-founder declares his equity is ‘worthless’ in court

A Celsius Network co-founder has moved in court to declare the entirety of his equity stake in the embattled crypto company as “worthless."

05.09 / 19:39

Adoption regulation NOT Law Decoded, Aug. 29–Sep. 5: Celsius is ready to give money back, but not much

United States-based crypto lending platform Celsius, which collapsed and stopped the withdrawal option amid the market meltdown in June, pledged its readiness to partially return money to customers. However, there’s a catch, as the motion company has filed with the United States Bankruptcy Court, would only apply to Custody and Withold Accounts and for custody assets worth $7,575 or less in value.

03.09 / 23:05

Twitter CEO Discover Celsius to receive $70 million as per latest filing; liquidation may still be on the cards

Court filings made by Kirklan & Ellis LLP, the law firm representing Celsius, revealed that the bankrupt crypto lender is expecting an influx of cash in the first week of October.

02.09 / 14:23

markets lending Bankruptcy network CEL CEL climbs 50% as Celsius Network aims to return $50M to clients

The price of CEL soared by nearly 50% as traders assessed its parent firm Celsius Network's inclination to return a portion of the locked funds to its customers.

02.09 / 06:01

business regulation Banks Bankruptcy Withdrawals Customers Celsius files to reopen withdrawals for a minority of customers

Beleaguered crypto lender Celsius Network has filed a motion with the United States Bankruptcy Court yesterday to allow customers with digital assets held in certain accounts to be withdrawn.

16.08 / 13:55

Provident Twitter Legal Lawyer saga Celsius Saga Continues: New Filings Reveal ‘Delusional’ Plan for ‘Standalone Reorganization’, Says a Lawyer

16.08 / 13:05

BTC Twitter Platform Bitcoin network Celsius Network Coin Report Shows Latetst Net Liabilities Over $2.8 Billion

Embattled crypto lending platform Celsius Network may be in bigger trouble as its coin report shows that the deficit in its balance sheet is much more than the previously reported $1.2 billion reported.

01.07 / 05:39

business Blockchain Bitfinex lending Rescue BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion

Celsius’ lead investor BnkToTheFuturehas outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform.

28.06 / 08:35

business Blockchain Twitter lending Weekly Crypto community confused as Celsius continues with weekly rewards

Members of the crypto community on Twitter have been left bewildered by the beleaguered Celsius Network continuing to pay weekly rewards despite pausing withdrawals two weeks ago.

25.06 / 00:25

business lending Bankruptcy network advisers Celsius Network hires advisers ahead of potential bankruptcy: Report

Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy.

21.06 / 14:38

defi MARKET lending DAI recovery CEL CEL Token Soars as Celsius Shareholder Proposes Recovery Plan, Celsius Pays Compound

The troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP).

21.06 / 13:14

Blockchain Altcoin lending Celsius warns community about fake accounts, pauses Twitter spaces and AMAs

A week after it started its withdrawal freeze, crypto lending platform Celsius Network warned the community of a rise in fake social media accounts claiming to be affiliated with the company.

20.06 / 07:15

defi recovery Celsius recovery plan proposed amid community-led short-squeeze attempt

Celsius’ lead investor BnkToTheFuture and its co-founder Simon Dixon have offered to assist the network by deploying similar “financial innovation” used in 2016 to save cryptocurrency exchange Bitfinex from liquidation.

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