Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors

2023-2-10 22:30

“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing. origin »

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Plancoin (PLAN) на Currencies.ru

$ 0.0015893 (+0.00%)

Объем 24H $0

Изменеия 24h: 0.00 %, 7d: -3.82 %

Cегодня L: $0.0015893 - H: $0.0015893

Капитализация $42.871k Rank 99999

Доступно / Всего 26.975m PLAN / 35m PLAN

plan celsius own assets defrauded account holders

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Источник: cointelegraph.com

plan celsius → Результатов: 27

Celsius elicits mixed signals as it announces plans to unstake $468 ETH

Crypto lender Celsius wants to unstake its Ether holdings to meet the costs of its restructuring plan. The embattled crypto firm says the funds raised will be used to pay its creditors. Celsius’s move comes after the Southern District of New York Bankruptcy Court approved its restructuring plan in November. The plan included the creation […]

2024-1-5 15:05	ethereum
plan celsius unstake crypto restructuring comes used

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Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan

Crypto lender Celsius will transition to a new company that focuses only on Bitcoin mining, a shift from an earlier reorganization plan that included a focus on staking too.

2023-11-21 10:55	SEC
plan celsius transition shift bitcoin mining earlier

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Celsius Network seeking court approval for repayment plan

Celsius Network, the embattled crypto lender, is making strides toward repaying its customers by the end of 2023. The company’s legal counsel, Christopher Koenig, recently revealed during an October 2 hearing in New York that they are pursuing court approval for a reorganization plan that promises a brighter future for the platform.

2023-10-3 09:20	USA
plan celsius network approval court october hearing

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Celsius' Bankruptcy Nears End as Creditors Approve Reorganization Plan

Bankrupt crypto lender Celsius' creditors have voted to approve a plan that would return 67%-85% of holdings back to them.

2023-9-26 09:26
plan celsius creditors approve return holdings -85

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Celsius Network to make April 12 filing, including info on voting for restructuring plan

“Our Disclosure Statement will provide a summary of the Plan, account-holder recovery percentages, FAQs, and additional information on certain risk factors,” said Celsius.

2023-4-8 20:00	voting
plan celsius percentages account-holder recovery summary faqs

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Celsius submits chapter 11 reorganization plan centered on NovaWulf deal

Celsius Network, the bankrupt cryptocurrency company, filed its chapter 11 reorganization plan in the late hours of March 31, 2023, built around NovaWulf Digital Management

2023-4-2 14:06	Celsius
plan celsius reorganization novawulf chapter management march

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Celsius creditors, US gov oppose bankrupt’s lender extension request due to high cash burn rate

The United States government and creditors have objected to Celsius’ plan to extend its restructuring plan to June 30, according to February 8 court filings. The post Celsius creditors, US gov oppose bankrupt’s lender extension request due to high cash burn rate appeared first on CryptoSlate.

2023-2-9 15:30	Celsius
celsius creditors cash high rate plan burn

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Court gives Celsius new deadline on restructuring

Bankrupt crypto exchange Celcius sees a new deadline for submitting its restructuring plan. The court ordered the company to present it by February 15. On Monday, Celsius announced the new development in a Twitter thread.

2022-12-7 18:59	Regulation
new court restructuring deadline celsius development announced

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Court sets new deadline for Celsius restructuring plan

Celsius halted withdrawals on the platform on Jun. 13 and filed for bankruptcy a month later on Jul. 13.

2022-12-7 13:58
celsius platform jun withdrawals filed later jul

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Celsius requests court to prolong its exclusivity period before submitting reorganization plan

Celsius filed a request in court for an extension on the deadline for reorganization. The firm claims it needs more time to complete the plan because reorganization is ‘complex’. According to a Celsius Twitter post on November 10, 2022, the…

2022-11-11 04:10
celsius reorganization plan court complete time needs

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Bankrupt Crypto Lender Celsius Files Motion to Extend Submission Time for Reorganization Plan

The bankrupt lender filed the motion so that it has more time to submit its reorganization plan.

2022-11-10 09:55	policy
reorganization bankrupt motion plan lender time submit

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US Trustee opposes Celsius’ $2.9M employee bonus plan

The United States Trustee has opposed Celsius’s request to pay up to $2. 9 million as retention bonuses to employees involved in the bankruptcy process. The post US Trustee opposes Celsius’ $2.

2022-10-28 13:40	legal
celsius trustee plan employee bonus opposes process

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Texas, Vermont regulators object to Celsius stablecoin sale plan

A key concern is that the firm hasn’t explicitly outlined what it will do with the stablecoin sale proceeds.

2022-9-30 06:03
sale stablecoin concern hasn firm explicitly proceeds

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Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales

Texas state agencies are raising an objection to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new court filing.

2022-9-30 21:20	policy
operations texas plan celsius stablecoin holdings sell

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Alex Mashinsky Breaks Silence on Twitter Space: Says Celsius Has Sent Restructuring Plan to UCC

In a Twitter space held by Digital Asset News last week, Celsius CEO Alex Mashinsky broke his long silence about the crypto lender’s bankruptcy mess. Simon Dixon Accuses Mashinsky of Lying Mashinsky got into a heated argument in the Twitter…

2022-9-28 08:00
mashinsky twitter celsius alex space silence mess

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Celsius Revival Hinges on “Crypto-Based Solutions and Tradable Wrapped Assets”

A new recording has emerged of Celsius Network Co-founder Nuke Goldstein discussing the plan to use "crypto-based solutions" to repay its Earn customers and revive the company's fortunes.

2022-9-23 13:30
solutions crypto-based celsius use discussing plan repay

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Celsius Network Might Be Planning to Turn Its Debt Into Crypto ‘IOU’ Tokens

Bankrupt crypto lender Celsius appears to be considering a plan to turn its debt into crypto “IOU” (“I Owe You”) tokens.

2022-9-23 19:55	Business
crypto debt tokens celsius iou turn considering

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Celsius’s CEO plotting a pivot to custody services- Details inside

Alex Mashinsky, CEO of bankrupt crypto lender Celsius, has outlined a plan to pivot his company’s operations from lending services to custody services. The pitch was reportedly made during an iThe post Celsius’s CEO plotting a pivot to custody services- Details inside appeared first on AMBCrypto.

2022-9-14 23:00	News
custody pivot ceo celsius services inside details

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Celsius spikes 18% higher on release of ‘Project Kelvin’ recovery plan

The Celsius (CEL) token posted 18% gains in the last 24 hours to trade at $1.70 as of press time on September 14. The post Celsius spikes 18% higher on release of ‘Project Kelvin’ recovery plan appeared first on CryptoSlate.

2022-9-15 13:35	Bankruptcy
celsius spikes higher recovery plan release project

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Celsius CEO Floats Daring Plan to Resurrect the Floundering Company

Celsius: Under the new plan, the lender would pivot to storing customers’ crypto in a special wallet and levying charges for transactions. The post Celsius CEO Floats Daring Plan to Resurrect the Floundering Company appeared first on BeInCrypto.

2022-9-14 01:04
celsius plan floundering resurrect company ceo daring

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Crypto Lending Platform Celsius Discloses A New Recovery Plan

Crypto lending platform Celsius Network had filed for bankruptcy on July 13. A month prior to that the crypto lender had ceased withdrawals along with transfers from accounts. Celsius representatives appeared in court which is in relation to the company’s bankruptcy hearing.

2022-7-20 07:00
celsius crypto had bankruptcy platform lending accounts

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Celsius Provides Contact Details For Creditor Claims

After the first court hearing in its Chapter 11 bankruptcy proceedings, Celsius has provided details for how customers can make a claim, and also says it wants to present a plan to the court "that will provide customers with an option to remain long crypto."

2022-7-20 15:00	BNC insights
court customers celsius details present wants plan

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Celsius Lays Out Mining-Focused Reorganization Plan at First Bankruptcy Hearing

Bankruptcy proceedings for Celsius have officially begun – and the odds that depositors will get their money back look slimmer than ever.

2022-7-19 04:50	policy
bankruptcy celsius get odds depositors ever slimmer

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Celsius Files for Chapter 11 Bankruptcy

The troubled crypto lender, in a statement, says its purpose for the voluntary action is to enable a "comprehensive restructuring plan" that benefits all "stakeholders."

2022-7-14 05:44	Business
enable comprehensive action restructuring plan all benefits

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Celsius Network Files for Chapter 11 Bankruptcy

The troubled crypto lender, in a statement, says its purpose for the voluntary action is to enable a "comprehensive restructuring plan" that benefits all "stakeholders."

2022-7-15 05:44	Business
enable action voluntary comprehensive restructuring benefits stakeholders

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BnkToTheFuture рассказали, как можно спасти Celsius

Владеющая долей в Celsius инвестиционная онлайн-платформа BnkToTheFuture представила три плана спасения криптокредитора, который столкнулся с кризисом ликвидности. #DepositorsFirst Celsius Recovery Plan https://t.

2022-7-1 17:04
celsius bnktothefuture столкнулся криптокредитора кризисом ликвидности plan

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BnkToTheFuture представила три пути спасения Celsius

2022-7-1 13:10
celsius bnktothefuture представила спасения три кризисом ликвидности

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Celsius Lead Investor Proposes Recovery Plan for Network

One of Celsius Network’s earliest investors has proposed a recovery plan to help the beleaguered company. Details will be revealed when the board is ready The post Celsius Lead Investor Proposes Recovery Plan for Network appeared first on BeInCrypto.

2022-6-20 15:00
recovery network celsius plan investor lead proposes

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Celsius recovery plan proposed amid community-led short-squeeze attempt

BnkToTheFuture co-founder Simon Dixon has proposed a recovery plan similar to the solution offered to Bitfinex after its Bitcoin hack in August 2016.

2022-6-21 06:59
proposed plan recovery bitfinex solution offered hack

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9 month recovery plan for Celsius announced by lead investor Bnk to the Future

Founder of web3 investment firm, Bnk to the Future Simon Dixon, who led the first investment round for Celsius has announced a recovery plan for the struggling platform. The post 9 month recovery plan for Celsius announced by lead investor Bnk to the Future appeared first on CryptoSlate.

2022-6-19 23:31	Web3
recovery future bnk plan announced celsius month

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Celsius CEO: Catering to ‘The 1%’ Was Not the Plan

Despite Celsius surpassing 50k BTC in user deposits, the DeFi app’s CEO is unhappy with the high percentage wealth investors compared to ordinary users on the platform

2020-5-19 22:09	Adoption
celsius ceo percentage high wealth unhappy ordinary

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Celsius founder Alex Mashinsky sentenced for 12 years in prison for stealing $48M

Alex Mashinsky, disgraced founder of Celsius, was sentenced to 12 years in prison.

Celsius seeks $2 billion from pre-bankruptcy withdrawals

Celsius seeks a $2 billion return from users who withdrew funds within 90 days before its bankruptcy, aiming for fair creditor treatment.

Hut 8 to manage mining operations for Celsius’s newly-created MiningCo

Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract. The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.

Celsius initiates withdrawals for eligible custody users amid app glitches and login woes

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.

Luxor refutes claims its Bitcoin hash rate-backed product is BlockFi, Celsius 2.0

“The return comes from hash rate, not from pixie dust, Ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.

Embattled crypto lender Celsius wants to start repaying customers by year-end

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.

Former Celsius exec pleads guilty to criminal charges

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.

2023-2-10 22:30

plan celsius → Результатов: 27

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