Celsius Drama, 3AC Insolvency Rumors, Bitcoin Amid $20K: This Week’s Crypto Recap
The market has taken a beating over the past seven days, and it’s not looking very good at the time of this writing. Bad news came from various fronts, which…
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Investors Not Looking to Bail Out Struggling Celsius Network (Report)
Amid the challenges plaguing the cryptocurrency lending firm Celsius Network, there are reports that investors may not provide more funds to bail the platform out of the troubled waters. No…
Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the…
Alex Mashinsky Breaks Silence: Celsius Team Working Around the Clock
Alex Mashinsky, founder and CEO of popular DeFi lending platform Celsius, has tweeted for the first time since the platform suspended all withdrawals and other services on June 12. Celsius…
Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring…
What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)
Celsius Network has been at the tip of everyone’s tongue over the past week, and not without a reason. The platform is at the forefront of the ongoing cryptocurrency storm…
Shortly Before Halting Withdrawals: Celsius Transferred $320M Worth of Crypto to FTX
The controversial events surrounding Celsius Network continue to unfold as the team unstaked hundreds of millions of dollars in crypto from Aave and transferred them to FTX. So far, the…
Nexo Wants to Buy Qualifying Assets of Celsius Network After Withdrawal Freeze
Earlier today, Celsius Network halted all withdrawals, swaps, and transfers between accounts of its users, citing extreme market conditions. Now, rival crypto-lending company Nexo extends a letter of intent to…
Celsius Crashes 50% As the Platform Halts Withdrawals due to ‘Extreme Market Conditions’
Celsius Network – a well-known DeFi platform and one of the largest cryptocurrency lenders, announced that it is pausing withdrawals, swaps, and transfers between accounts. The market continues to tumble,…
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