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Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

[May 8 11:25 PM] Alexander Mashinsky, the former CEO of crypto lending firm Celsius, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud.  Celsius Mashinsky Faces Justice The proceedings took place before US District Judge…

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

[Nov 29, 2024 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…

Weekly Crypto Standouts: CEL’s 339% Surge, BNX’s 15% Decline

[Sep 23, 2024 3:13 PM] On Monday, Sept. 23, 2024, the crypto market reached a total value of $2.22 trillion, marking a 1.3% increase in just 24 hours. Over the past week, bitcoin (BTC) climbed 8.7% against the U.S. dollar, while ether (ETH) enjoyed an impressive 15.8%…

Celsius' Bankruptcy Plan Administrator Pays Out Over $2.5B

[Aug 27, 2024 8:15 AM] Celsius' bankruptcy administrator has distributed more than $2.53 billion to some 251,000 creditors, it said in its first status report.

Tether Slams Celsius Network’s ‘Baseless’ $2 Billion Lawsuit

[Aug 12, 2024 5:30 AM] Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’…

Celsius Fights To Reclaim $2 Billion Withdrawn Prior To Bankruptcy Declaration

[Mar 20, 2024 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, 2024 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…

Brace For Crypto Market Waves: FTX And Celsius Are Sending MATIC, ETH, And WBTC To Binance

[Jan 20, 2024 4:00 AM] The crypto market might be about to experience a further downturn as a recent development suggests an imminent selloff is on the horizon. This comes following the recent market moves by Grayscale, which is believed to be responsible for the recent…

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

[Jan 10, 2024 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…

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…

Judge Urges for SEC Decision on Planned Celsius Restart as Crypto Miner

[Oct 31, 2023 9:30 PM] America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets and stock…

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.

Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit

[Sep 12, 2023 11:30 PM] Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the…

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.

Celsius Network Files 'Adversary Complaint' Against EquitiesFirst to Recover Assets

[Sep 6, 2023 3:02 PM] EquitiesFirst, a private lender, owed Celsius $439 million of assets as of July 2022.

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.

Celsius Moves $64M in LINK, MATIC, AAVE and Altcoins Following Court Permission to Sell Tokens

[Jul 13, 2023 2:57 PM] The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.

Alex Mashinsky Built Celsius Into a House of Cards

[Jul 13, 2023 12:29 PM]

Celsius, Ex-CEO Alex Mashinsky Broke CFTC Rules: Bloomberg

[Jul 6, 2023 12:07 AM] CFTC could bring a case against Celsius by the end of the month, if its commissioners agree with the findings.

CFTC investigators conclude ex-Celsius CEO Mashinsky broke US rules: Report

[Jul 5, 2023 6:27 PM] If the majority of CFTC commissioners agree with that conclusion, the regulator could file a case in federal court.

Crypto Lender Celsius’ $800M Ether Staking Shake-Up Stretches Ethereum Validator Queue to 44 Days

[Jun 2, 2023 5:40 PM] The embattled crypto lender’s ETH staking maneuver could potentially lengthen the waiting time to activate new validators in the Ethereum network to 44 days, one observer noted.

Celsius Sets New Standard: $1 Billion In ETH Staked As Deposits Show No Sign Of Slowing

[Jun 2, 2023 4:00 PM] Celsius, a popular lending platform, has made significant moves in staking Ethereum (ETH) as they stake almost $1 billion worth of the cryptocurrency. According to the Blockchain intelligence company Arkham Intel, In the past 24 hours alone…

Bankrupt Lending Platform Celsius Agrees To Purchase Bid By Fahrenheit

[May 25, 2023 2:38 PM] Bankrupt lending platform Celsius Network LLC has announced that it has selected a proposal by Fahrenheit as the winning bid to lead the company out of bankruptcy, according to reporting by Reuters.Celsius, which filed for Chapter 11 protection in…

Core Scientific moves for September bankruptcy exit, expects $46M boost

[May 23, 2023 9:31 PM] Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised.

Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment

[May 15, 2023 6:23 AM] The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.

‘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.

Private-Equity Giant Apollo Is Part of a Bid to Buy Bankrupt Crypto Firm Celsius

[May 8, 2023 11:11 AM] The $500 billion-plus firm is involved in NovaWulf's offer for Celsius, according to a person familiar with the matter.

Celsius eyes merge of entities as creditors claim distinctions were a ‘sham’

[May 2, 2023 10:25 PM] New court filings are pushing to straighten out the issue in a bid to help recover lost funds for customers.