Celsius Financial News

27.01 / 07:35

business Binance Court Bankruptcy Celsius Leaked bids: Binance, Galaxy Digital among secret bidders for Celsius assets

At least five firms placed bids on Celsius Network’s crypto assets, including Binance, Bank To The Future and Galaxy Digital, according to leaked information shared by crypto blogger Tiffany Fong.

26.01 / 09:27

business regulation FTX Court Bankruptcy Celsius Lawyers FTX lawyers: Examiner could cost $100M and ‘provide no benefit’

An investigation into FTX’s collapse by an examiner could cost the firm upwards of $100 million without providing any benefit to creditors or equity holders, argues lawyers representing the bankrupt crypto exchange.

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.

30.12 / 15:27

business Blockchain FTX Celsius Investors seek to sell FTX, Celsius, BlockFi, Voyager claims

Instead of waiting for a lengthy bankruptcy process, some investors, who have claims on FTX exchange, Celsius Network, BlockFi and Voyager Digital, are looking to pass on their claims to others.

26.12 / 20:57

business FTX Celsius Sky Mavis collapses 7 biggest crypto collapses of 2022 the industry would like to forget

2022 has been a bumpy year for the cryptocurrency market, with one of the worst bear markets on record and the downfall of some major platforms within the space. The global economy is beginning to feel the consequences of the pandemic, and clearly, this has had an influence on the crypto industry.

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 / 06:39

business Stablecoin Bankruptcy Celsius Customers Bankruptcy judge orders $44M in crypto to be returned to Celsius customers

A federal judge has ordered crypto lender Celsius to return crypto worth around $44 million to the platform’s custody program customers.

06.12 / 15:37

regulation Court Bankruptcy Celsius Restructuring Plan Court sets new deadline for Celsius restructuring plan

Bankrupt crypto lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The court approval would give the troubled crypto lender another couple of months to file for a Chapter 11 restructuring plan.

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.

18.07 / 05:17

Celsius network Crypto lender Celsius Network reveals $1.19 bln hole in bankruptcy filing

Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing on Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals last month, citing «extreme» market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. In the filing at the U.S. Bankruptcy Court for Southern District of New York on Thursday, Celsius also said it had $40 million in claims against Singapore-based Three Arrows Capital, a crypto hedge fund that filed for bankruptcy earlier this month.

06.07 / 09:03

cryptocurrency Nexo Celsius Vauld Crypto winter: Nexo likely to acquire Vauld, parties sign indicative term sheet

Nexo is likely to acquire Singapore-headquartered crypto exchange firm Vauld, pending due diligence, as both the parties signed an indicative term sheet today. “The completion of this transaction is pending due diligence — which both teams are working on as we speak. Vauld has strived to deliver long-term value to all customers, and we believe coming under the Nexo umbrella will significantly help achieve this,” co-founder and CEODarshan Bathija wrote on microblogging platform Twitter on Tuesday.

24.06 / 17:11

Altcoins lending Aave Celsius Lending Tokens See Broad Declines in June, But One Altcoin Stands Out

Lending and borrowing in the crypto space are facing scrutiny, with many blaming just that activity for the latest crypto market sell-off. But how have the tokens in this category really performed during the market rout?

22.06 / 14:39

cryptocurrency Celsius Crypto's latest meltdown leaves punters bruised and bewildered

crypto lender Celsius was an ideal place to stash his digital currency holdings — and earn some spending money from its double-digit interest rates along the way. «I was probably earning $100 a week,» at sites like Celsius, said Fong, a 29-year civil aerospace worker who lives in the central English city of Derby. «That covered my groceries.» Now, though, Fong's crypto — about a quarter of his portfolio — is stuck at Celsius.

20.06 / 08:11

Altcoins lending Celsius Celsius 'In Dialogue' With 'Regulators & Officials', Gets Quieter About Its Operations

In a most recent update, troubled major crypto lender Celsius (CEL) did not provide any indications of when it expects to stabilize its liquidity and operations, but stressed its focus on its work with "regulators and officials" while limiting communication with its clients.

13.06 / 15:25

cryptocurrency Celsius Bitcoin Crypto lending platform Nexo offers to buy assets of rival Celsius

Cryptocurrency lending platform Nexo said it is ready to acquire any remaining qualifying assets of Celsius, mainly the latter’s collateralized loan portfolio.

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