CDPQ Loses Hope on $150M Celsius Bet
Celsius filed for Chapter 11 bankruptcy last month. CDPQ Writes Off a Loss Crypto enthusiasts may have once said that the institutions are coming, but in 2022, it feels more...
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Report: Celsius CEO Accused of Controlling Crypto Company’s Trading Scheme and Placing Bad Bets
According to a recent report published on Tuesday, the Israeli-American founder and CEO of Celsius Network, Alex Mashinsky, was in charge of the company’s trading strategy. The report, citing multiple…
Celsius CEO personally directed crypto trades months before bankruptcy: Report
One person familiar with events at Celsius reportedly said CEO Alex Mashinsky was “slugging around huge chunks of Bitcoin” and ordering trades based on bad information.
Alex Mashinsky Traded Celsius’ Book Before Bankruptcy: FT
Celsius suffered from widely publicized insolvency issues as crypto prices crashed then filed for Chapter 11 bankruptcy in July. Mashinsky Allegedly Traded Celsius Funds Alex Mashinsky intervened on Celsius Networks...
Court filings reveal Celsius will run out of money by October
Celsius Network has been heading down a slippery slope since it filed for bankruptcy in July.
Crypto markets bounced and sentiment improved, but retail has yet to FOMO
The total crypto market capitalization is rising toward $1.25 trillion, but an assortment of metrics show retail and institutions are not ready to “ape.”
Ripple Labs Is ‘Interested’ in Bankrupt Crypto Lender Celsius and Its Assets, Company Spokesperson Says
According to a Ripple Labs spokesperson, the distributed ledger company is interested in learning about the bankrupt crypto lender Celsius and its assets. When Ripple’s spokesperson was asked if the…
California’s DEPI Bans Celsius Securities Sales
California’s Department of Financial Protection and Innovation (DFPI) has now issued a desist and refrain order against Celsius. As such, the bankrupt crypto lender will not be to continue the…
Ripple Is Exploring a Buyout of Celsius’ Assets
Ripple Labs is considering a potential purchase of assets from Celsius amidst the latter company’s bankruptcy process. Ripple Considers Celsius Buyout Ripple could purchase Celsius’ assets. A Ripple spokesperson told...
German crypto bank Nuri with 500K users files for insolvency
Nuri stated that it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital…
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