Celsius Financial News

07.04 / 17:09

business Court Voting Bankruptcy Celsius Restructuring Plan network Celsius Network to make April 12 filing, including info on voting for restructuring plan

Bankrupt crypto lender Celsius Network has announced it will be moving forward on its Chapter 11 restructuring plan with a disclosure statement containing information for claim holders.

31.03 / 15:41

FTX Bankruptcy Celsius New Report: Bankruptcy Markets Thrive Amid Crypto Industry Turmoil Following FTX's Collapse

Users of failed crypto exchanges and funds are selling their claims for a fraction of their paper value, creating a thriving market for bankruptcy claims.

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.

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.

21.03 / 15:05

business community Bankruptcy Celsius Lawyer Celsius lawyer and advisor fees on track to reach $144M, community responds

Crypto lender Celsius Network’s lawyer and advisor fees amid its bankruptcy proceedings are projected to reach $144 million, triggering responses from members of the crypto community.

13.03 / 09:21

business coinbase Banks banking Paxos Celsius Coinbase, Celsius and Paxos disclose funds in Signature Bank

Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto firms with funds reportedly tied up with the now-shuttered Signature Bank.

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.

03.03 / 07:17

business regulation Court Bankruptcy Celsius Withdrawals freeze Customers Celsius Custody customers finally begin withdrawals 263 days after freeze

Some Celsius customers have reported being able to withdraw funds from the bankrupt crypto firm for the first time, some 263 days after the lender froze withdrawals in the lead-up to its bankruptcy filing.

28.02 / 14:43

Blockchain FTX ERC-20 Celsius Bitcoin Bitcoin Trader 500 Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius

The supply of wrapped Bitcoin (wBTC) dropped to its lowest since May 2021 after the second-largest single-day burn on Feb. 27.

17.02 / 23:51

business SEC FTX bonds Celsius lawsuits Crypto Biz: Celsius, FTX feel investors’ wrath as lawsuits multiply

The stunning collapses of Celsius and FTX destroyed many lives — early adopters who had the foresight to understand the unique value propositions of Bitcoin (BTC) and crypto were left with practically nothing when both platforms halted withdrawals, shuttered their doors and eventually filed for bankruptcy. While there’s still hope that creditors will be made partially whole again, the road to recouping financial losses is expected to be long. While they’re waiting, creditors are banding together to sue these firms for various alleged infractions.

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.

16.02 / 13:47

Celsius Bankrupt crypto Bankrupt Crypto Lender Celsius Finds a Buyer for Platform to Restart Operations – Here's the Latest

Digital asset investment firm Novawulf Digital Management has reached a deal with crypto lender Celsius to buy its lending operations and help bring an end to its bankruptcy case.

16.02 / 04:49

business Court Bankruptcy Celsius exit Celsius chooses NovaWulf's bid to exit from bankruptcy

Bankrupt crypto lender Celsius Network has chosen NovaWulf Digital Management as the sponsor for its proposed Chapter 11 restructuring plan which will see the investment advisory firm take over the operations of a new company, and most customers estimated to recover up to 70% of their funds.

15.02 / 08:53

business regulation Court Celsius creditors committee Celsius creditors committee proposes suing Mashinsky, other Celsius execs

The official committee of Celsius creditors is proposing to sue Celsius co-founder Alex Mashinsky and other executives for "fraud, recklessness, gross mismanagement and self-interested conduct" that eventually led to the collapse of the crypto lender.

10.02 / 04:09

business Books Celsius financial literacy Publisher says it's trying to scrub all traces of 'Mashinsky Method' book

A book once slated to be released by Alex Mashinsky, the former CEO and founder of the bankrupt cryptocurrency lender Celsius, has been pulled before it could ever hit the shelves and the publisher of the title is trying to "remove all trace of it online."

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.

01.02 / 14:11

business Stablecoin regulation Tether Celsius Borrowing Tether CTO denies borrowing from bankrupt lender Celsius

Tether (USDT) — the world’s largest stablecoin by market capitalization — has never received any loan from the bankrupt cryptocurrency lender Celsius, according to the chief technology officer.

01.02 / 11:13

business fees Bankruptcy Celsius Bitcoin Celsius publishes list of users eligible to withdraw majority of assets

Bankrupt cryptocurrency lending firm Celsius had come up with a withdrawal process for users who had their crypto in its custody when it stopped withdrawals in June 2022.

01.02 / 08:45

business Bankruptcy Celsius 'Categorically false' — Attorney denies bids for Celsius assets were rejected

The counsel representing Celsius’ official creditor committee has denied assertions that the bids for Celsius’ crypto assets have been rejected.

28.01 / 17:07

Government Law Adoption regulation Trading Celsius fall NOT Genesis Capital’s fall might transform crypto lending — not bury it

Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed the demise of other prominent crypto lenders, including Celsius Network and Voyager Digital in July 2022, and BlockFi, which filed for Chapter 11 bankruptcy protection in late November 2022.

27.01 / 22:45

business Funding Venture Capital Bankruptcy Celsius NOT Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)

Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid bankruptcy after receiving a $400 million lifeline in July 2022. The problem? Its lender was FTX US, and we all know what happened next.

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