BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion
BnkToTheFuture's three proposals include two different ways to restructure and relaunch the firm, or an option to co-invest in the firm with a bunch of Bitcoin whales.
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Celsius Exploring Solutions for Liquidity Crisis
Celsius has provided an update on its current service freeze and announced new plans to make a recovery. Celsius Hints at Recovery Options Celsius suspended withdrawals, swaps, and transfers on...
Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model
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…
Celsius Had Double the Risk Profile of Traditional Banks: Report
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...
FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
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 Denies CEO Mashinksky Tried to Leave U.S.
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...
Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
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…
Crypto community confused as Celsius continues with weekly rewards
Some Twitter users have called it “insulting” that Celsius continues to pay weekly rewards despite still pausing withdrawals.
Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
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…
Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice
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…
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