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Celsius May Repay Customers With Wrapped Assets

Celsius May Repay Customers With Wrapped Assets

Executives at Celsius Network are proposing to pay back customers by issuing new wrapped assets to trade on other platforms, a new leaked recording revealed.

Need More Time to Resume Operations: Celsius Network

Need More Time to Resume Operations: Celsius Network

Crypto lender Celsius Network said Monday that it needs more time to resume its operation by stabilizing its liquidity and further pausing activities on Twitter.

Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer

Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer

Celsius Network Ltd., a troubled and bankrupt crypto lender, has disclosed the auction dates for its assets.

Celsius Creditors Seek Help from Bankruptcy Judge to Uncover Potential Market Manipulation

Celsius Creditors Seek Help from Bankruptcy Judge to Uncover Potential Market Manipulation

Celsius creditors are requesting subpoenas to uncover suspicious trades of CEL token on FTX between April and August 2022, seeking to determine if they were legitimate or constituted market manipulation. This information could be crucial in resolving disputes related to Celsius' bankruptcy. Meanwhile, FTX is pending approval to sell LedgerX for approximately $50 million.

Celsius CEO Alex Mashinsky Involves Untimely Trading Prior to Crash: FT

Celsius CEO Alex Mashinsky Involves Untimely Trading Prior to Crash: FT

Celsius's Chief Executive Officer, Alex Mashinsky, has been practically handling untimely trading activities of the firm since January.

Celsius Spent Over $40m on Crypto Mining in First Two Weeks after Bankruptcy

Celsius Spent Over $40m on Crypto Mining in First Two Weeks after Bankruptcy

Celsius Network LLC used more than $40 million in cash on its startup mining operation in the first two weeks after filing for bankruptcy, according to a report from the Wall Street Journal.

In Talks with "Interested Parties" for Bailout, Says Zipmex

In Talks with "Interested Parties" for Bailout, Says Zipmex

Zipmex cryptocurrency trading platform is looking ahead as it has confirmed that it is in talks with interested parties who would like to bail out the platform from its recently identified woes.

Tether Denies Receiving Any Loans From Celsius

Tether Denies Receiving Any Loans From Celsius

Tether's chief technical officer Paolo Ardoino denied borrowing from Celsius in response to Celsius' examiner report.

Celsius Files for Permission to Sell Its Stablecoin Holdings

Celsius Files for Permission to Sell Its Stablecoin Holdings

Celsius is seeking to generate liquidity through sales from its $23 million in stablecoin holdings.

Three US States Target Celsius Network as The Company’s Interest-Earning Crypto Accounts Draw Concerns

Three US States Target Celsius Network as The Company’s Interest-Earning Crypto Accounts Draw Concerns

Cryptocurrency lending platform Celsius Network was hit with state enforcement actions in Texas, New Jersey, and Alabama over its interest-earning cryptocurrency accounts.

Celsius Network Petitions Court to Consult Former CFO Rod Bolger

Celsius Network Petitions Court to Consult Former CFO Rod Bolger

Crypto lending platform Celsius Network has petitioned the US Bankruptcy Court to grant it permission to re-engage Rod Bolger, its former Chief Financial Officer for resuming consultation.

EquitiesFirst Owes $439 Million In Debt to Celsius Network

EquitiesFirst Owes $439 Million In Debt to Celsius Network

The case is one of many issues facing Celsius Network. If EquitiesFirst agrees to pay the debt, then the struggling Celsius’ operations would be bolstered.

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