Mashinsky files motion to dismiss NY AG suit, says it ‘parrots misinformation’
Former Celsius CEO Alex Mashinsky was charged with seven counts of fraud in connection with “false and misleading statements” about his company, among other things.
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Celsius auction has Gemini and Coinbase as new bidders: Report
Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York.
Celcius reportedly prepping litigation against creditor for leaking internal info
Creditor Tiffany Fong has argued that she hasn’t done anything wrong, asserting that she didn’t break any non-disclosure agreements by reporting on the leaked information.
Celsius Network to make April 12 filing, including info on voting for restructuring plan
"Our Disclosure Statement will provide a summary of the Plan, account-holder recovery percentages, FAQs, and additional information on certain risk factors," said Celsius.
Paxful to return lost Celsius funds to Earn users
Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network's bankruptcy.
Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge
Should they opt in to the deal, Celsius customers cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action.”
Celsius lawyer and advisor fees on track to reach $144M, community responds
Software developer Cam Crews compiled data showing almost $102 million being filed with the courts and $42 million estimated to be filed eventually.
Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius
Wrapped Bitcoin garnered DeFi traders' support in the 2021-22 bull season, but the demand started to fade post numerous crypto contagions led to redemptions.
Crypto Biz: Celsius, FTX feel investors’ wrath as lawsuits multiply
Celsius creditors have filed a proposal to sue Alex Mashinsky, while creditors of FTX are turning their attention to the exchange's venture backers.
Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons
The judge’s ruling does not require Celsius debtors to sell the Bitmain coupons, but they would need the consent of the committee of unsecured creditors.
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