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Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently…
The company says it’s planning to continue operations throughout the restructuring process, though withdrawals will continue to be paused at this time.
An unnamed source told CNBC that the company plans to file the bankruptcy paperwork "imminently."
Celsius has unlocked 400,000 stETH from Aave. The crypto lending company has recently been winding down its positions across the DeFi landscape, possibly in an effort to deal with its...
Kirkland & Ellis LLP, Celsius new legal firm, will replace the companys prior lead restructuring counsel. Celsius Hires New Lawyers Celsius has hired a new set of lawyers. According to...
The embattled platform continues to wind down its debts to decentralized finance (DeFi) lending protocols, having just paid off 20 million USDC to Aave.
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation…
Voyager and Celsius are facing expanded investigations from Texas and Alabama regulators, according to Bloomberg. Securities Regulators Expand Investigation Texas and Alabama securities regulators are intensifying their gaze on two...
On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending…
KeyFi Inc.’s complaint alleges that Celsius failed to honor a multi-million dollar profit sharing agreement after deploying numerous successful staking and DeFi strategies for the firm.