Celsius Wins Key Ruling in $4B Bitcoin Dispute
TL;DR A U.S. bankruptcy judge has allowed Celsius Network to proceed with major claims against Tether related to the disputed liquidation of 57,000 BTC. Celsius...
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Celsius to Distribute $127 Million to Creditors, Users Express Frustration
TL;DR Celsius will distribute an additional $127 million to its creditors, coming from the “Litigation Recovery Account,” benefiting specific classes of creditors. Payments will be...
Celsius Raises Concerns in the Community After Depositing $40 Million Worth of Ethereum on Coinbase
Celsius Network, currently undergoing bankruptcy proceedings, executed substantial Ethereum transactions worth $40 million on Coinbase, sparking uncertainty in the crypto community. These actions are part...
Celsius Lowers MATIC Price Due to Million-Dollar Transfers to Exchanges
Crypto lending platform Celsius sparked uncertainty in the Polygon (MATIC) market by making substantial transfers to exchanges during its bankruptcy process. After a series of...
Celsius to Restructure and Issue New Crypto Tokens: Report
Failing crypto lender Celsius could soon reorganize and issue a crypto token to reimburse users, according to a report from Bloomberg on January 24....
Another Crypto Platform Shuts Down as the FTX Crisis Worsens
Midas Investments is the latest cryptocurrency platform to suspend deposits, swaps, and overall operations as a result of the severe financial losses caused by Celsius’...
Some Celsius Users are Likely to Get Back their Money as the Company Files to Reopen Withdrawals
The insolvent cryptocurrency lender, Celsius Network Ltd., is attempting to return coins to a small number of users who are blocked out of their accounts,...
Celsius Accumulates a Debt of US$4,720 Million with its Users
Troubled crypto lending platform Celsius has accumulated a total debt of US4,720 million with its users, according to a 61-page document made public in support...
Crypto Lender Celsius Network is Under Investigation by Securities Regulators in Five States
Liquidity issues at crypto lending platform Celsius Network, which has left its over 1.7 million users unable to recover their holdings, could intensify regulatory pressure...
After What Happened With Terra, Celsius Lockdowns Put The Market On Red Alert
A few weeks just after the abrupt demise of the Terra stablecoin that sent the crypto market into a huge downturn, another crisis is causing...