3 / 7 Relevant items tagged with #Celsius

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Celsius and Core Scientific propose $14M settlement for litigation

[Sep 15, 2023 10:06 AM] Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million.

Celsius, Core Scientific Resolve Acrimonious Mining Dispute With $45M Deal

[Sep 15, 2023 3:45 AM] Celsius had previously claimed hundreds of millions in damages in a squabble over unpaid dues that led to its mining rigs being powered down.

Former Celsius exec pleads guilty to criminal charges

[Sep 14, 2023 1:28 PM] Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing.

Former Celsius CEO Mashinsky seeks dismissal of FTC case

[Sep 12, 2023 6:36 AM] The former Celsius CEO is currently out on bail facing multiple charges of criminal fraud and market manipulation from various U.S. regulatory agencies.

Former Celsius CEO Alex Mashinsky Seeks to Quash U.S. FTC Case

[Sep 12, 2023 12:15 AM] Mashinsky was arrested in June on allegations of misleading investors and manipulating tokens, and also faces parallel actions from multiple regulators

Steve Kokinos, Creditors Named to Run Celsius 2.0

[Sep 11, 2023 3:26 AM] Executives from WeWork, Lehman Brothers, US Bitcoin, and Arrington Capital will serve on the board of the crypto lender’s successor, as will two members of Celsius’ own creditor committee.

Coinbase Launches Crypto Lending Service for Institutional Investors

[Sep 7, 2023 7:30 PM] Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like…

Alex Mashinsky's assets frozen by US court as part of criminal case

[Sep 6, 2023 9:16 AM] The former Celsius CEO was arrested on July 13 and faces criminal and civil charges stemming from his involvement in the now-defunct platform.

Ex-Celsius CEO Mashinsky's Assets Ordered Frozen by Court as DOJ Case Continues

[Sep 6, 2023 8:40 AM] Corporate bank accounts and a Texas property are now untouchable after the executive’s July arrest

Crypto collapses generate hundreds of millions of dollars for lawyers

[Sep 5, 2023 5:03 AM] Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said.

Judge Denies CEL Valuation Boost; Evades CEL’s Security Classification in Celsius Saga

[Aug 26, 2023 12:30 PM] In the unfolding saga of the Celsius bankruptcy case, a proposal was presented to elevate the defunct crypto enterprise’s native token, CEL, to a valuation of $0.80 each. Yet, the overseeing U.S. bankruptcy judge, Martin Glenn, dismissed…

Judge denies stakeholders request for representation in Celsius bankruptcy case

[Aug 25, 2023 11:45 AM] The judge also declined to declare CEL token “not a security,” despite related rulings in the SEC vs Ripple case.

Celsius Token Holders Lose Bid to Hike CEL Valuation

[Aug 25, 2023 7:51 AM] Creditors of the bankrupt crypto lender argue it should be valued at $0.80, its nominal price when the company collapsed, despite allegations of market manipulation

Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval

[Aug 18, 2023 1:13 AM] Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.

Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay

[Aug 14, 2023 3:57 PM] The settlement was reached in July and, if the customers agree, it will go before the court for approval in October.

Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order

[Aug 10, 2023 10:04 AM] Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely restricted from moving funds over $10,000.

Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more

[Aug 6, 2023 10:56 PM] The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI.

Mashinsky's Arrest, Ripple Ruling, Etc.

[Jul 25, 2023 5:00 PM] I was on vacation for the last week-and-a-half but before I left, I sent a list of things to watch for to my colleagues that in hindsight, was wholly inadequate. Anyway, here's my effort to catch up.

Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky

[Jul 25, 2023 1:03 PM] U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”

U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Celsius's Former CEO, Attorneys Tell Judge

[Jul 25, 2023 10:37 AM] The U.S. Department of Justice (DOJ) asked a federal judge for six to eight weeks to produce evidence for its case against Alex Mashinsky, the founder and former CEO of crypto lender Celsius.

Celsius Network reaches settlements to exit bankruptcy

[Jul 22, 2023 9:59 AM] Bankrupted crypto lender Celsius Network reached two settlements that may allow the return of assets to customers and end its bankruptcy proceedings.

Celsius could repay all claims if Bitcoin, Ether prices rose 2X — Simon Dixon

[Jul 19, 2023 4:59 AM] Dixon said creditors should fight to get out of the bankruptcy proceedings before the end of 2023, or before the price of BTC and ETH hit the estimated mark.

Ripple Court Ruling Unlikely to Impact Celsius Wind-Up, Crypto Lender’s Counsel Says

[Jul 18, 2023 9:21 AM] Crypto securities ruling could impact pricing of CEL token but won’t affect restructuring plans, the counsel said.

Bankrupt Celsius to spend $24M from GK8 sale on legal expenses

[Jul 18, 2023 3:03 AM] After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees.

Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale

[Jul 17, 2023 10:13 PM] Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings.

Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17

[Jul 17, 2023 2:00 PM] Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020.

Celsius Moves $59M of Altcoins in Possible Prelude to Converting Into BTC, ETH

[Jul 17, 2023 9:10 AM] The U.S. bankruptcy court granted the crypto lender permission to sell its altcoin holdings for BTC and ETH starting in July.

Celsius Is Selling, More Pain For BNB, LINK, And SNX?

[Jul 17, 2023 7:30 AM] Celsius, the bankrupt crypto lender, has started selling its non-Bitcoin and non-Ethereum crypto assets, records on July 17 indicate. According to on-chain data from Lookonchain, Celsius has transferred approximately $23.5 million of various…

Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges

[Jul 14, 2023 1:30 PM] Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO…

Everything that's happened with Celsius and Alex Mashinsky so far

[Jul 14, 2023 11:00 AM] A look back at the rise and fall of Celsius, starting with the firm's growth during the pandemic to the arrest of its former CEO and resolutions with federal regulators.