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Celsius founder reportedly withdrew $10M before bankruptcy filing: FT

The details of the withdrawal will reportedly be part of upcoming court filings, and it's possible the founder and former CEO of the crypto platform could be forced to pay…

Continue ReadingCelsius founder reportedly withdrew $10M before bankruptcy filing: FT

State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins

As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29.…

Continue ReadingState Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins

Celsius CEO Alex Mashinsky Resigns Amid Tumultuous Bankruptcy Proceedings

On Tuesday, September 27, 2022, Celsius Network CEO Alex Mashinsky submitted a letter of resignation from the company. Mashinsky added that he still plans to help the embattled crypto lender…

Continue ReadingCelsius CEO Alex Mashinsky Resigns Amid Tumultuous Bankruptcy Proceedings

Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins

According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak,…

Continue ReadingExaminer Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins