Crypto lender Celsius Network cleared to exit bankruptcyNew Jersey-based Celsius filed for Chapter 11 protection in July 2022, one month after freezing customer accounts to prevent withdrawals. C...
10 Nov, 2023, 08.53 AM IST
Crypto lender Celsius sends bankruptcy plan to creditor voteJudge Martin Glenn signed off on Celsius's disclosure statement and solicitation materials at a U.S. Bankruptcy Court hearing in Manhattan,...
15 Aug, 2023, 08.27 AM IST
Founder of crypto lender Celsius Network Alex Mashinsky arrested, charged with fraudAlex Mashinsky was charged with seven criminal counts - including securities fraud, commodities fraud and wire fraud - while Celsius' forme...
13 Jul, 2023, 08.43 PM IST
Crypto lender Celsius picks Fahrenheit's bid for bankruptcy exitFahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team a...
25 May, 2023, 01.24 PM IST
Crypto lender Celsius Network chooses NovaWulf bid for bankruptcy exitThe proposed deal with NovaWulf should allow Celsius to exit Chapter 11 and begin returning crypto assets to customers in June, Celsius att...
16 Feb, 2023, 11.52 AM IST
FTX judge weighs demand for independent bankruptcy investigationFTX says an examiner would merely duplicate work already being done by FTX, its creditors, and law enforcement agencies.
06 Feb, 2023, 05.01 PM IST
Crypto firm Voyager to sell assets to Binance.US in $1 billion dealPalo Alto, California-based Binance.US, which operates as an independent legal entity and has a licensing agreement with Binance.com, will ...
19 Dec, 2022, 09.47 PM IST
Galaxy wins bid for collapsed crypto lender Celsius' GK8 unitThe purchase followed a sale process executed in connection with Celsius' Chapter 11 bankruptcy and is subject to court approvals and other...
02 Dec, 2022, 11.24 PM IST
Crypto meltdown a boon for bankruptcy lawyersLarge law firms can rake in more than $100 million in legal fees during a long-running bankruptcy, experts said. "You've got to pay the gra...
02 Dec, 2022, 04.44 PM IST
Crypto lender Celsius not seeking payments for outstanding loansThe lender also listed a $1.19 billion deficit on its balance sheet and had about 23,000 outstanding loans to retail borrowers totaling $41...
01 Oct, 2022, 12.57 PM IST
Celsius Network's CEO Alex Mashinsky resigns, says will work with business to ensure creditors get best solutionCelsius Network's CEO, Alex Mashinsky, resigned months after the company filed for bankruptcy. The company's financial circumstances caused...
28 Sep, 2022, 12.29 AM IST
Ripple Labs 'interested' in bankrupt crypto lender Celsius' assets: spokesperson"We are interested in learning about Celsius and its assets, and whether any could be relevant to our business,” the spokesperson said, dec...
10 Aug, 2022, 08.47 PM IST
Crypto lender Celsius Network reveals $1.19 bln hole in bankruptcy filingCrypto lenders boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by ...
16 Jul, 2022, 01.08 PM IST
Clients of crypto lender Celsius face long wait over fate of their fundsCiting extreme market conditions, Celsius froze withdrawals in June in a move that reverberated through the crypto world and beyond, spurri...
15 Jul, 2022, 09.48 PM IST
Crypto lender Celsius files for bankruptcyNew Jersey-based Celsius listed estimated assets and liabilities on a consolidated basis in the range of $1 billion to $10 billion, accordi...
14 Jul, 2022, 08.52 AM IST
Lawsuit accuses troubled crypto lender Celsius Network of fraudThe complaint said Celsius ran a Ponzi scheme to benefit itself through "gross mismanagement of customer deposits," and defrauded the plain...
08 Jul, 2022, 08.01 AM IST
Celsius Network hires advisors to prepare for potential bankruptcy - WSJThe New Jersey-based cryptocurrency lending company froze withdrawals and transfers earlier this month due to "extreme" market conditions, ...
26 Jun, 2022, 10.14 AM IST