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Crypto Clients Pleading for Funds Payback after Lender Celsius' Crash

Crypto Clients Pleading for Funds Payback after Lender Celsius' Crash

Celsius Network clients, who were caught in the meltdown of the crypto lending firm, are pleading for their deposits to be paid back.

Celsius Had Higher Risk Profile Than Average US Bank: WSJ

Celsius Had Higher Risk Profile Than Average US Bank: WSJ

A recent report from the Wall Street Journal (WSJ) has revealed that embattled crypto lending platform Celsius Network took on more risk than it could handle.

Tether to Defend Against Celsius' $2.4 Billion Lawsuit

Tether to Defend Against Celsius' $2.4 Billion Lawsuit

Tether faces a $2.4 billion lawsuit from Celsius Network over a 2022 agreement, vowing to defend against the claims in court.

ZipmexX Suspends Withdrawals, Citing Celsius and Babel Risk Exposure

ZipmexX Suspends Withdrawals, Citing Celsius and Babel Risk Exposure

Asia's leading digital asset exchange ZipmexX has suspended users' cryptocurrency withdrawals, citing the move as the exchange's assets could be swallowed up by the financial crisis facing the Celsius Network and cryptocurrency lender Babel Finance.

SEC Raises Objections to Celsius Network's Restructuring Plan Involving Coinbase

SEC Raises Objections to Celsius Network's Restructuring Plan Involving Coinbase

The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to the Chapter 11 restructuring plan of crypto lending platform Celsius Network. The objection, dated September 22, 2023, specifically targets the company's proposed arrangement with Coinbase for distribution services. The SEC is also currently engaged in a lawsuit against Coinbase, adding another layer of complexity to the situation.

Ontario Teachers Pension Floats with FTX Trading amid Crypto Volatility

Ontario Teachers Pension Floats with FTX Trading amid Crypto Volatility

Despite market volatility and a recent decline in value, Ontario Teachers Pension has continued embracing its crypto business investments.

Celsius Network Shares Details of Its Creditor as it Raises Cyber Threat Concerns

Celsius Network Shares Details of Its Creditor as it Raises Cyber Threat Concerns

Bankrupt cryptocurrency company Celsius Network has disclosed the information of its creditors in a filing recently provided in court, including names, addresses, amount owed, and email addresses amongst others

Celsius Network Charged Over $3M in Legal Fees

Celsius Network Charged Over $3M in Legal Fees

Beleaguered crypto lending platform Celsius Network has incurred more than $3 million in legal fees, according to a filing.

Celsius Network Conditionally Not to Enforce Debtors to Pay for Outstanding Loans

Celsius Network Conditionally Not to Enforce Debtors to Pay for Outstanding Loans

Beleaguered digital currency lender Celsius Network has revealed that it was not planning to ask its debtors to pay their outstanding loans during its Chapter 11 bankruptcy proceedings.

Celsius CEO Resigns amid Broader Bankruptcy Tango

Celsius CEO Resigns amid Broader Bankruptcy Tango

Alex Mashinsky, the Chief Executive Officer of the embattled crypto lending firm Celsius Network has tendered his resignation as the head of the firm, effective immediately.

Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer

Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer

Celsius Network Ltd., a troubled and bankrupt crypto lender, has disclosed the auction dates for its assets.

Celsius Creditors Seek Help from Bankruptcy Judge to Uncover Potential Market Manipulation

Celsius Creditors Seek Help from Bankruptcy Judge to Uncover Potential Market Manipulation

Celsius creditors are requesting subpoenas to uncover suspicious trades of CEL token on FTX between April and August 2022, seeking to determine if they were legitimate or constituted market manipulation. This information could be crucial in resolving disputes related to Celsius' bankruptcy. Meanwhile, FTX is pending approval to sell LedgerX for approximately $50 million.

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