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Alex Mashinsky, founder of Celsius Network, at Consensus 2019 (CoinDesk)
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.
Alex Mashinsky, founder of Celsius Network, at Consensus 2019 (CoinDesk)
By Sandali Handagama
Feb 17, 2023 at 11:52 a.m. UTC
Feb 17, 2023
RegulationsCelsiusCelsius NetworkBankruptcy
(Aitor Diago/Getty Images)
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.
(Aitor Diago/Getty Images)
By Jack Schickler
Feb 16, 2023 at 1:43 p.m. UTC
Feb 16, 2023
RegulationsBankruptcyBitmainCelsius
Alex Mashinsky at Consensus 2019 (CoinDesk)
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.
Alex Mashinsky at Consensus 2019 (CoinDesk)
By Cheyenne Ligon
Feb 15, 2023 at 3:54 p.m. UTC
Feb 15, 2023
RegulationsCelsiusBankruptcy
Alex Mashinsky at Consensus 2019 (CoinDesk)
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
Alex Mashinsky at Consensus 2019 (CoinDesk)
By Jack Schickler
Feb 15, 2023 at 7:35 a.m. UTC
Feb 15, 2023
RegulationsCelsiusAlex MashinskyBankruptcyKeyFi
(Celsius Network)
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.
(Celsius Network)
By Amitoj Singh
Feb 15, 2023 at 7:29 a.m. UTC
Feb 15, 2023
RegulationsCelsiusCelsius NetworkCelsius miningBankruptcyCourt
(alvarez/Getty Images)
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
(alvarez/Getty Images)
By Jack Schickler
Feb 10, 2023 at 9:47 a.m. UTC
Feb 10, 2023
RegulationsCelsiusBankruptcyCore ScientificBitmain
(Tomas Ragina/Getty Images)
Policy
Celsius
Celsius’ Proposed Extension for Restructuring Opposed by Creditors, US Government
Plans to transform the bankrupt crypto lender into a “recovery corporation” are not a done deal, and the estate could still be liquidated, legal filings warn.
(Tomas Ragina/Getty Images)
By Jack Schickler
Feb 9, 2023 at 9:45 a.m. UTC
Feb 9, 2023
CelsiusBankruptcyreorganization
(Unsplash)
Policy
Regulations
Bankrupt Crypto Lending Platform Celsius Names Users Eligible to Withdraw Assets
Users named on the list can withdraw 94% of their assets if they can cover the withdrawal fees.
(Unsplash)
By Sandali Handagama
Feb 1, 2023 at 10:26 a.m. UTC
Feb 1, 2023
RegulationsCelsiusBankruptcy
Independent Examiner Releases Report on Celsius Network, Bankruptcy Expert Weighs In
Video
Celsius
Independent Examiner Releases Report on Celsius Network, Bankruptcy Expert Weighs In
In September, an independent examiner was asked by a bankruptcy court to offer an outside view of what is happening at crypto lender Celsius. The report has now been published...
Independent Examiner Releases Report on Celsius Network, Bankruptcy Expert Weighs In
By CoinDesk Inc
Jan 31, 2023 at 8:48 p.m. UTC
Jan 31, 2023
Celsiuscdtvaab clipBankruptcy507 CapitalThomas Braziel
(Malte Mueller/Getty Images, modified by CoinDesk)
Podcasts
The breakdown
Independent Examiner Excoriates Celsius as a Ponzi
A newly released 476-page report shows the company was using customer funds to buy CEL.
(Malte Mueller/Getty Images, modified by CoinDesk)
By Nathaniel Whittemore
Jan 31, 2023 at 8:32 p.m. UTC
Jan 31, 2023
The BreakdownPodcastsCelsiusBankruptcyAlex Mashinsky