Celsius

Crypto Prices

CelsiusCEL

$0.35839283

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Markets

Celsius

Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC

Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court hearing.

By Krisztian Sandor

Sponsored

Mar 8, 2023 at 6:55 p.m. UTC

Mar 8, 2023

CelsiusCelsius NetworkBankruptcyArkham intelligenceBitcoinEthereumBlockchain Data

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Policy

Regulations

Crypto Lender Celsius Should Continue Exclusive Right to Pursue Novawulf Deal, Judge Says

Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said

By Jack Schickler

Sponsored

Mar 8, 2023 at 5:27 p.m. UTC

Mar 8, 2023

regulationsCelsiusBankruptcyUS

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Finance

Galaxy digital

Galaxy Digital Closes $44M Acquisition of Self-Custody Platform GK8

The self-custody platform was an asset of bankrupt crypto lender Celsius.

By Brandy Betz

Sponsored

Feb 23, 2023 at 11:08 a.m. UTC

Feb 23, 2023

Galaxy DigitalGk8CelsiusAcquisitionsExclusive

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Policy

Regulations

Crypto Has an Incest Problem

Court filings reveal complex interlocking relations between major crypto firms – with implications for the ecosystem’s resilience, and for customers owed money.

By Jack Schickler

Sponsored

Feb 17, 2023 at 1:00 p.m. UTC

Feb 17, 2023

regulationsFTXVoyagerCelsiusGenesis

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Finance

Regulations

Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy

A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender's multi-billion-dollar intercompany claim, court filings show.

By Sandali Handagama

Sponsored

Feb 17, 2023 at 11:52 a.m. UTC

Feb 17, 2023

regulationsCelsiusCelsius NetworkBankruptcy

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Policy

Regulations

Judge Clears Celsius' Plan to Sell Bitmain Mining Coupons Worth Over $7M

The crypto lender must sell the vouchers before they expire to raise funds for the bankruptcy estate.

By Jack Schickler

Sponsored

Feb 16, 2023 at 1:43 p.m. UTC

Feb 16, 2023

regulationsBankruptcyBitmainCelsius

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Policy

Regulations

Celsius's CEL Token May See 20 -Cent Value in Recovery Process, Attorney Says

The token currently has a market value of 54 cents.

By Cheyenne Ligon

Sponsored

Feb 15, 2023 at 3:54 p.m. UTC

Feb 15, 2023

regulationsCelsiusBankruptcy

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Policy

Regulations

Celsius Seeks to Recover Millions From Mashinsky, Other Former Executives

The former CEO should repay money he transferred in the run-up to the lender’s July bankruptcy, the document said

By Jack Schickler

Sponsored

Feb 15, 2023 at 7:35 a.m. UTC

Feb 15, 2023

regulationsCelsiusAlex MashinskyBankruptcyKeyFi

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Policy

Regulations

Celsius Debtors Release Sale Plan, Choose NovaWulf as Plan Sponsor

The plan was reached in consultation with the official committee of unsecured creditors.

By Amitoj Singh

Sponsored

Feb 15, 2023 at 7:29 a.m. UTC

Feb 15, 2023

regulationsCelsiusCelsius NetworkCelsius miningBankruptcyCourt

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Finance

Regulations

Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers

The company joins mining firm Core Scientific in trying to offload the assets before they expire, with funds used to repay creditors

By Jack Schickler

Sponsored

Feb 10, 2023 at 9:47 a.m. UTC

Feb 10, 2023

regulationsCelsiusBankruptcyCore ScientificBitmain

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