Search Results for "Celsius"
Celsius Gets Green Light from Bankruptcy Judge for Bidding Plans
Celsius Network has received an ok sign from a federal bankruptcy judge for bidding procedure plans. The next step will include setting up a schedule in motion which could see the platform's assets sold by the end of the year.
Lawsuit: Ex-Employee Accuses Celsius Network of Financial Fraud Involvement
In its lawsuit, Jason Stone, a former manager at Celsius Network, has accused the crypto lending firm of engaging in fraudulent deals, including price manipulation of Celsius's token.
Nexo Offers to Acquire Vauld Group after Celsius's Cold Treatment
Nexo’s plan to buy a cryptocurrency lender may be coming to fruition as the company has shown interest in acquiring Vauld Group.
FTX Abandoned Discussions to Celsius Network Acquisition - Report
FTX rejected the deal to bail out or buy crypto lending firm Celsius. FTX decided to shut down the negotiations and walked away after it found out a "$2 billion hole" in Celsius’ balance sheet.
Celsius Network's Disclosure Statement Gets Court Approval
Celsius Network's Disclosure Statement approved by NY Bankruptcy Court. Fahrenheit, LLC selected as winning bidder in May 2023 auction. Voting on Chapter 11 Plan set for Sep 22, 2023.
Celsius Unloads Over $125M in Ethereum, Stirs Crypto Market Speculation
Celsius Network's transfer of over $125M in Ethereum to exchanges amid bankruptcy stirs speculation in the crypto market.
SBF Denies Insolvency Rumours of FTX, FTT Token Slumps Over 6% during Intraday
FTX CEO Sam Bankman-Fried retreated his crypto exchange and assets are fine, trying to boost confidence to his investors, as speculation mounted over the weekend about the solvency of the exchange.
Celsius Network Announces Court Approval of Reorganization Plan
Celsius Network has received court approval for its Plan of Reorganization, which aims to transform the company into a creditor-owned bitcoin mining firm, with over 95% creditor support, and aim for a 2024 Chapter 11 emergence.
Examiner: Celsius' accounting and operational controls were 'insufficient'
The independent examiner in Celsius' bankruptcy case has alleged that the company failed to set up "sufficient" accounting and operational controls in its handling of customer funds. The interim report shed light on what ultimately forced the lending platform to halt withdrawals on June 12. Celsius, founded in 2017 by Alex Mashinsky and Daniel Leon, didn't start tracking its balance sheet until after confrontation with regulators in May.
Celsius Network Coin Report Shows Latetst Net Liabilities Over $2.8 Billion
Embattled crypto lending platform Celsius Network's latest coin report shows the company owing a total of $6.7 billion of token liabilities against just $3.8 billion in assets as of July 29.
Celsius Mining Sells $1.3M Equipment
Celsius Network's mining division is selling $1.3 million in mining equipment. In July 2022, the firm went insolvent, locking up $4.7 billion in consumer deposits. Core Scientific closed over 37,000 Celsius-owned mining equipment in January.
Investors Sell FTX, Celsius, BlockFi, Voyager
A number of investors who lost money as a result of the recent failures of FTX, Celsius, BlockFi, and Voyager Digital are considering transferring their claims to other parties. Nearly 10,000 claims were posted at the time this article was written, including 9,072 claims on Celsius Network, 93 claims on Voyager, 67 claims on FTX, and 23 claims on BlockFi. It has been alleged that former FTX CEO Sam Bankman-Fried has cashed out a total of $684,000 since he was released on bail.