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(Erik Von Weber/Getty Images)
Policy
Regulations
Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner
Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme
(Erik Von Weber/Getty Images)
By Jack Schickler
Jan 31, 2023 at 8:54 a.m. UTC
Jan 31, 2023
RegulationsCelsiusBankruptcy
(Unsplash/Modified by CoinDesk)
Finance
Regulations
Crypto Lender Celsius Wins Court Approval for Customer Withdrawals, Flare Token Airdrop
The U.S. bankruptcy court authorized eligible XRP holders to receive the Flare tokens due under a prior agreement.
(Unsplash/Modified by CoinDesk)
By Sandali Handagama
Jan 25, 2023 at 12:17 p.m. UTC
Jan 25, 2023
RegulationsCelsiusBankruptcyXRP
Celsius is planning to re-form as a publicly traded “recovery corporation.” (Getty Images)
Policy
Regulations
Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors
The bankrupt firm is thinking of forming a new “recovery corporation” after getting a slew of acquisition bids that were not compelling.
Celsius is planning to re-form as a publicly traded “recovery corporation.” (Getty Images)
By Cheyenne Ligon
Jan 24, 2023 at 7:42 p.m. UTC
Jan 24, 2023
RegulationsBankruptcyCelsiusUS
BD01-06-23
Podcasts
The breakdown
The Crypto Reckoning Continues
A lawsuit is filed against Celsius, Silvergate drops 46%, and Huobi and Genesis layoff employees.
BD01-06-23
By Nathaniel Whittemore
Jan 6, 2023 at 10:04 p.m. UTC
Jan 6, 2023
The BreakdownPodcasts3ACCelsiusFTXGenesisCryptoLayoffs
Celsius Owns Users' Interest-Bearing Crypto Accounts, Judge Rules
Video
Nikhilesh de
Celsius Owns Users' Interest-Bearing Crypto Accounts, Judge Rules
A federal judge ruled that customers of Celsius's interest-bearing "Earn" product had turned over control of their assets to the bankrupt crypto lender. CoinDesk Global Policy...
Celsius Owns Users' Interest-Bearing Crypto Accounts, Judge Rules
By CoinDesk Inc
Jan 5, 2023 at 4:12 p.m. UTC
Jan 5, 2023
Nikhilesh DeCelsiuscdtvFM Clipcrypto regulationNik De
Alex Mashinsky, founder and former CEO of Celsius Network (CoinDesk)
Policy
Regulations
Former Celsius CEO Mashinsky Sued by New York State for Defrauding Investors
New York Attorney General Letitia James filed the suit against the ex-head of the failed lending platform, accusing him of misleading investors about the firm’s health.
Alex Mashinsky, founder and former CEO of Celsius Network (CoinDesk)
By Jesse Hamilton
Jan 5, 2023 at 3:36 p.m. UTC
Jan 5, 2023
RegulationsNew York Attorney GeneralLawsuitCelsiusFraud
Celsius founder Alex Mashinsky at Consensus 2019 (CoinDesk)
Policy
Regulations
Celsius 'Earn' Assets Belong to Bankrupt Crypto Lender, Judge Rules
The move confirms that crypto platform customers do not own their assets if they're using certain services or products.
Celsius founder Alex Mashinsky at Consensus 2019 (CoinDesk)
By Nikhilesh De
Jan 5, 2023 at 6:51 a.m. UTC
Jan 5, 2023
RegulationsCelsiusBankruptcy
Celsius is claiming funds from Voyager as both crypto lenders face a bankruptcy freeze. (RyersonClark/Getty Images)
Policy
Regulations
Celsius Seeks $7.7M From Voyager's Estate as Bankruptcy Cases Intertwine
Celsius previously missed an apparent deadline to make a claim based on its relationship with fellow crypto lender Voyager.
Celsius is claiming funds from Voyager as both crypto lenders face a bankruptcy freeze. (RyersonClark/Getty Images)
By Jack Schickler
Dec 14, 2022 at 10:42 a.m. UTC
Dec 14, 2022
RegulationsVoyagerCelsiusBankruptcyUS
Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)
Policy
Galaxy digital
Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy
Galaxy, the crypto-focused financial services firm, had won the auction for GK8 earlier in the month.
Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)
By Nelson Wang
Dec 13, 2022 at 10:35 p.m. UTC
Dec 13, 2022
Galaxy DigitalCelsiusAuction
Celsius Bankruptcy Developments; Grayscale Bitcoin Trust Discount Widens to Record High
Video
Bloomberg
Celsius Bankruptcy Developments; Grayscale Bitcoin Trust Discount Widens to Record High
Bloomberg reports that a judge involved in the Celsius bankruptcy case ordered the company to return $50 million worth of crypto to users of custody accounts. Plus, shares of...
Celsius Bankruptcy Developments; Grayscale Bitcoin Trust Discount Widens to Record High
By CoinDesk Inc
Dec 8, 2022 at 9:09 p.m. UTC
Dec 8, 2022
BloombergCelsiusDigital Currency Groupcdtvaab clipGBTCGrayscale Bitcoin Trust