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An independent examiner will look into various aspects of Celsius Network’s digital asset holdings, a US Bankruptcy Court ruled. It indicates that the failed crypto lending platform will face more…
Following a motion in August, U.S. Bankruptcy Judge Martin Glenn has signed off on a request to appoint an examiner in the Celsius case.
Celsius executives believe the company can undertake a redemption arc by rebranding to a custodial services provider. Mashinskys Grand Idea Celsius is plotting a comeback that nobody asked for. According...
Alex Mashinsky reportedly made the announcement at a Sept. 8 meeting, at which Celsius discussed possible scenarios for its future after filing for bankruptcy in July.
The Celsiusopoly board game is priced at $99, with the U.S.-based e-commerce company offering free shipping to U.S. residents.
While decentralized finance (defi) has created a plethora of protocols that make it so crypto assets can gather a yield, ten and a half years ago a bitcoin exchange called…
According to the regulator, Celsius “lacked sufficient assets to repay its obligations” despite suggesting it had enough funds in its reserves to mitigate the risk of insolvency.
Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody…
Celsius has motioned for $50 million worth of the total $225 million held in the Custody Program and Withhold Accounts to be released to owners.
Bankrupt crypto lending company Celsius is seeking to return customer funds held in its Custody Program and Withhold Accounts, arguing that they do not technically belong to the company itself....