Judge Martin Glenn reportedly said that the proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on.
Dec 1, 2023 08:47
Eligible participants can withdraw 72.5% of their cryptocurrency holdings, subject to transaction fees reducing the total.
Nov 30, 2023 12:52
Bankrupt crypto lender Celsius has opened withdrawals for eligible custody users starting Nov. 29, according to a statement on its official handle on social media platform X (formerly Twitter). A...
Nov 30, 2023 12:15
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...
Nov 30, 2023 01:30
In a significant development, Celsius, the cryptocurrency lending platform that filed for bankruptcy in July 2022, has begun opening withdrawals for some of its users. This move marks a pivotal...
Nov 29, 2023 20:47
Celsius shifts focus to Bitcoin mining, following SEC feedback in updated bankruptcy plan.
Nov 21, 2023 19:25
Bankrupt crypto lender Celsius Network has revealed that the company planning on switching to a Bitcoin mining-only company, following its bankruptcy court’s confirmation of the plan. Celsius...
Nov 21, 2023 18:00
The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July.
Nov 21, 2023 15:03
Celsius Network will move forward with its restructuring plan more than one year after filing for Chapter 11 bankruptcy.
Nov 10, 2023 07:33
The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company.
Nov 9, 2023 20:14
“If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated.
Nov 9, 2023 06:00
Proof Group, part of the Fahrenheit consortium that acquired bankrupt Celsius Network, has shown interest in the potential relaunch of FTX, Bloomberg reported, citing people familiar with the...
Nov 7, 2023 12:00
“The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.
Nov 6, 2023 02:04
CME Bitcoin futures hit a 2-year high, but options market data reflects investors’ hesitancy.
Nov 3, 2023 16:36
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...
Oct 5, 2023 02:00
Will Celsius be the first successful rebirth of a failed crypto platform, overcoming legal troubles and harsh developments?
Oct 3, 2023 19:24
As Sam Bankman-Fried starts his first day in court, a trial date for Alex Mashinsky of Celsius has also been determined.
Oct 3, 2023 18:42
According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings.
Oct 3, 2023 17:29
Key takeaways Celsius is seeking court approval to start repaying customers in the coming weeks.  The company will repay its creditors using Bitcoin and Ethereum and stock in the new company....
Oct 3, 2023 06:24
The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.
Oct 3, 2023 05:14
Cohen, a mathematician and biologist, verified Celsius Network's fair value as creditors approved $2B Bitcoin and Ethereum return.
Sept 29, 2023 22:37
Stout Risius Ross, LLC, the valuation advisor for Celsius Network confirmed the accuracy of the bankrupt firm's valuation report.
Sept 28, 2023 09:01
The vast majority of Celsius creditors have voted in favor of the firm's restructuring plan.
Sept 27, 2023 04:17
"Every time I start thinking the SEC can't possibly do more to fail as an institution, it proves me naive," Deaton said.
Sept 26, 2023 18:15
At the time of writing, Shiba Memu presale had raised $3,242,388.49. One Shiba Memu (SHMU) token is going for 0.029800 USDT although expected to sell at 0.030025 USDT in the next presale stage. The...
Sept 26, 2023 07:29
Celsius has recently selected Coinbase to act as a distributor for international customers, but the deal has yet again set the SEC on edge.
Sept 26, 2023 06:32
Celsius creditors, impacted by the company’s bankruptcy, have cast their votes in favor of a reorganization plan. Significantly, this plan promises to repay them in bitcoin, ether, and equity...
Sept 26, 2023 00:25
Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC's reasoning in its Sept. 22 objection.
Sept 25, 2023 18:20
Arrington Capital founder Michael Arrington stepped down from his position as a board member of the new company that will take over the operations of bankrupt crypto lender Celsius. Arrington...
Sept 25, 2023 11:00
Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches last year.
Sept 20, 2023 05:45
Celsius Mining LLC, a player in the Bitcoin mining domain, has inked a deal to purchase Core Scientific’s Cedarvale data center. Based in Ward County, Texas, the site boasts 215 megawatts of...
Sept 15, 2023 18:17
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.
Sept 15, 2023 16:06
While Celsius Network's founder, Alex Mashinsky, remains untainted, executive Cohen-Pavon has admitted guilt.
Sept 15, 2023 09:57
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.
Sept 14, 2023 19:28
Celsius founder Alex Mashinsky seeks dismissal of the Federal Trade Commission's (FTC) case.
Sept 12, 2023 20:04
The former Celsius CEO is currently out on bail facing multiple charges of criminal fraud and market manipulation from various U.S. regulatory agencies.
Sept 12, 2023 12:36
Crypto consortium Fahrenheit, which acquired Celsius, plans to appoint Steve Kokinos, former Algorand CEO, to lead Celsius 2.0, rebranded as NewCo, following Celsius's bankruptcy proceedings. The...
Sept 11, 2023 16:32
Bankrupt crypto lender Celsius has proposed the appointment of Algorand’s blockchain former chief executive officer Steven Kokinos as the CEO of the new company that will take over its...
Sept 11, 2023 13:52
Celsius Network reportedly owes $4.7 billion to over 100,000 creditors.
Sept 7, 2023 22:31
At the time of writing, Celsius was trading at $0.1439, up 13.87% in a day. The former Celsius CEO, Alex Mashinsk, was arrested on July 13 this year. Alex Mashinsk is facing criminal and civil...
Sept 6, 2023 16:44
A federal court in New York issued a Post-Indictment Restraining Order against Alexander Mashinsky, former CEO of the bankrupt cryptocurrency lender Celsius Network, on August 16, 2023, freezing...
Sept 6, 2023 16:10
The former Celsius CEO was arrested on July 13 and faces criminal and civil charges stemming from his involvement in the now-defunct platform.
Sept 6, 2023 15:16
Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said.
Sept 5, 2023 11:03
USBTC to host 8,500 miners belonging to Celsius at its Alpha Site. Hashrate of these machines is estimated to be 820 petahash (PH). Us Bitcoin Corp expects to be managing over 310,000 miners in...
Aug 31, 2023 20:15
Data center operator US Bitcoin Corp (USBTC) will host 8,500 Bitcoin (BTC) miners with an estimated hashrate of 820 petahash (PH) belonging to bankrupt crypto lender Celsius at its Alpha Site,...
Aug 31, 2023 18:15
Judge Martin Glenn has denied the request for establishing a separate class of stakeholders in the Celsius Network bankruptcy saga. This decision, revealed in a document filed on August 25, also...
Aug 25, 2023 19:30
The judge also declined to declare CEL token “not a security,” despite related rulings in the SEC vs Ripple case.
Aug 25, 2023 17:45
While some investors might oppose the proposal, the official committee appointed to represent junior creditors is in favor.
Aug 16, 2023 06:32
On Monday, August 14, bankrupt crypto lender Celsius Networks secured the court permission to start polling its account holders over the new proposal of repaying an estimated $2 billion in Bitcoin...
Aug 15, 2023 08:32
Bankrupt crypto lender Celsius has been granted permission to distribute voting ballots to account holders for transitioning into a user-owned company and asset distribution. The crypto consortium...
Aug 15, 2023 02:43
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