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A leaked investor call from Morgan Creek Digital suggests BlockFi liquidated 3AC for $1 billion, while Celsius reportedly maintained a highly risky assets-to-equity ratio last year that may have caused…
Contrary to Celsius CEO Alex Mashinskys claims that Celsius was not taking a tremendous risk, a new report from The Wall Street Journal claims that the crypto lender had more...
In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research…
Celsius has denied that its CEO, Alex Mashinsky, attempted to leave the U.S. this week amidst the company’s liquidity crisis. Celsius Denies CEO’s Departure In a statement sent to various...
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius…
Some Twitter users have called it “insulting” that Celsius continues to pay weekly rewards despite still pausing withdrawals.
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The…
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who…
Celsius is hiring consultants to prepare for possible bankruptcy, according to reports from the Wall Street Journal. Celsius Could File For Bankruptcy Celsius has brought in consultants from the management...
Restructuring, bankruptcy, buyouts... media outlets are swarming with different reports on the next steps Celsius may take.