Celsius to Restructure and Issue New Crypto Tokens: ReportÂ
Failing crypto lender Celsius could soon reorganize and issue a crypto token to reimburse users, according to a report from Bloomberg on January 24....
Tag : celsius network
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’...
Report: Celsius Network Undergoes Ponzi Scheme Investigation
A bankruptcy court has initiated an examination into Celsius Network LLC’s business operations, whether it operated as a Ponzi scheme, according to the Wall Street...
Celsius Network Founder Withdrew $10m Before Platform’s Failure
The now-defunct cryptocurrency lender Celsius Network’s troubled founder and former CEO, Alex Mashinsky, withdrew $10 million from the company only weeks before it froze client...
Sam Bankman-Fried Reportedly Considers Bidding for Celsius Assets
A source suggesting that Sam Bankman-Fried, the founder and CEO of FTX, is eyeing another troubled firm, Celsius Network, surfaced less than a day after...
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...
Celsius Network Files For Chapter 11 Bankruptcy
Just one month after freezing client assets as a result of severe market volatility that has caused some companies to lose their business models, Celsius...
Crypto Lender Nexo has Announced Plans to Fully Acquire Fellow Lender Vauld
Cryptocurrency platform Vauld has announced that it had signed an indicative term sheet with cryptocurrency lender Nexo, which would enable Nexo to buy the Singapore-based...
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...