1 / 1 Relevant items tagged with #CelsiusBankruptcy

Posts

Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each

[Nov 29 6:30 PM] Once a prominent player in the cryptocurrency lending space, Celsius Network has commenced its second round of distributions to creditors, amounting to $127 million. This follows the company’s prior efforts to distribute approximately $3…

Celsius token surges 300% a month after $2.5B payment to creditors

[Sep 24 8:55 AM] The Celsius token skyrocketed 300% a month after the firm paid $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement. 

Celsius distributes $2.5B to 251,000 creditors amid bankruptcy proceedings

[Aug 27 10:00 AM] Over 121,000 Celsius creditors have yet to claim their funds, according to the Celsius bankruptcy administrator. 

Celsius Fights To Reclaim $2 Billion Withdrawn Prior To Bankruptcy Declaration

[Mar 20 7:00 PM] According to a Bloomberg report, Celsius Network, the crypto platform that filed for bankruptcy in July 2022, demands that major customers who collectively withdrew over $2 billion before the bankruptcy return those funds to avoid potential…

Celsius Follows FTX As It Begins Repaying Crypto To Creditors, Here’s How Much

[Feb 1 7:30 AM] Bankrupt cryptocurrency lending company Celsius Network has followed behind FTX, revealing plans to disburse billions of dollars in crypto to creditors and establish a new Bitcoin mining company for its creditors.  Celsius To Distribute $3 Billion…

Celsius Seeks Repayment: Creditors Urged To Return 27.5% Of Funds

[Jan 10 8:00 PM] Surprisingly, bankrupt crypto lender Celsius Network customers are now facing legal action from bankruptcy managers after making substantial withdrawals within 90 days before the company’s bankruptcy declaration.  The bankruptcy managers have…

Empty Accounts Discovered As Celsius Allows Crypto Withdrawals For Eligible Users

[Nov 29, 2023 7:30 PM] In a recent announcement, bankrupt crypto lender Celsius has initiated additional withdrawals for certain eligible custody users. However, it’s important to note that only specific custody assets are currently available for withdrawal, while…

Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Clients

[Nov 29, 2023 2:30 PM] The now-inoperative crypto lending firm Celsius has announced the opening of withdrawals for select “Eligible Custody Users,” as declared in a recent statement on Wednesday. These custody account holders now have the opportunity to…

Celsius Bankruptcy Saga Nears Closure as Court Approves Restructuring Plan

[Nov 9, 2023 3:15 PM] In a pivotal moment for Celsius Network LLC and its affiliates, the Southern District of New York Bankruptcy Court has issued a confirmation order for the modified joint Chapter 11 Plan of the crypto lender. The approval sets the stage for a…

Celsius Commits To Massive Crypto Repayment: $2 Billion To Creditors By 2023’s End

[Oct 4, 2023 8:00 PM] Celsius Network, a bankrupt digital asset lender, has revealed plans to begin repaying creditors using billions of dollars in crypto assets before the year’s end.  The company presented a restructuring plan, outlined in a recent filing to a…

Celsius creditors vote in favor of reorganization plan

[Sep 25, 2023 6:14 PM] The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors.

Celsius Network files 'adversary complaint' against EquitiesFirst

[Sep 6, 2023 7:45 PM] Bankrupt crypto lender Celsius Network is attempting to recover assets from a private lender called EquitiesFirst Holdings, which reportedly owes $439 million in cash and crypto.

US Court Dismisses Former Celsius Network CEO’s Motion to Block New York Attorney General’s Lawsuit

[Aug 6, 2023 5:30 PM] Former Celsius Network Alex Mashinsky will now have to defend himself against a lawsuit filed by New York Attorney General Letitia James after a New York County Supreme Court Justice rejected his attempts to have the suit dismissed. The court’s…

CFTC Investigators Conclude Celsius And Former CEO Violated Rules, Potential Case Looms

[Jul 6, 2023 10:30 AM] The Commodity Futures Trading Commission (CFTC) has concluded its investigation into bankrupt crypto lender Celsius and its former CEO, Alex Mashinsky, and found that they violated United States rules, according to sources familiar with the…

Judge Upholds Confidentiality of FTX Customers’ Identities, Citing Security Concerns

[Jun 10, 2023 12:00 PM] In the FTX bankruptcy case, the presiding judge John Dorsey has ruled to maintain the confidentiality of individual customer identities, according to a recent decision on Friday. Dorsey emphasized the importance of safeguarding these clients…

‘Unjustly enriched’ — Core Scientific knocks back $4.7M claim from Celsius

[May 8, 2023 11:09 PM] Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it’s owed an even higher amount from the crypto lender.

Celcius reportedly prepping litigation against creditor for leaking internal info

[Apr 14, 2023 8:21 PM] Creditor Tiffany Fong has argued that she hasn’t done anything wrong, asserting that she didn’t break any non-disclosure agreements by reporting on the leaked information.

P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return

[Apr 4, 2023 3:30 PM] According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key…

Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11 

[Feb 16, 2023 8:30 AM] Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The…

New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud

[Jan 5, 2023 1:30 PM] On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of…

People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses

[Nov 18, 2022 1:30 PM] Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no…