2023-12-30 17:45 |
Celsius makes known development in new tweet, stating that court has approved implementation of its 'MiningCo transaction'
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Bankrupt crypto lender Celsius Network has revealed that the company planning on switching to a Bitcoin mining-only company, following its bankruptcy court’s confirmation of the plan. Celsius Transition To Mining NewCo Celsius Network‘s transition into a mining company coincides with its bankruptcy proceedings.
2023-11-21 21:00 | |
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The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July.
2023-11-21 18:03 | |
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Crypto lender Celsius secured approval for its reorganization plan from a bankruptcy court on Thursday, marking an end to an ordeal that began when it filed for bankruptcy in July last year.
2023-11-10 15:31 | |
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Failed crypto lender Celsius Network has received bankruptcy court approval for its plan to transform into a creditor-owned Bitcoin mining firm, as reported by Bloomberg. The approval is part of a wider proposal aimed at repaying customers who have frozen their accounts for over a year.
2023-11-10 07:00 | |
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The failed crypto lending firm Celsius Network has been cleared to exit bankruptcy and enact its recovery plan, Bloomberg reported on Nov. 9. That report indicates that the company won approval in bankruptcy court to convert its business into a creditor-owned Bitcoin (BTC) mining firm.
2023-11-10 00:20 | |
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The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company.
2023-11-10 23:14 | |
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Celsius Network, a bankrupt digital asset lender, has revealed plans to begin repaying creditors using billions of dollars in crypto assets before the year’s end. The company presented a restructuring plan, outlined in a recent filing to a US bankruptcy court, which aims to generate funds for a new corporate spinoff known as “NewCo” and facilitate customer repayments.
2023-10-5 05:00 | |
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According to a New York court, the former Celsius CEO will remain free on $40 million bail through the legal proceedings.
2023-10-4 20:29 | |
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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.
2023-10-3 09:24 | |
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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 | |
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2022 was not a great year for cryptocurrency interest accounts; the industry’s largest and most trusted crypto interest account providers (notably, BlockFi and Celsius Network) froze customer withdrawals and filed for bankruptcy within just a few weeks of each other, leaving billions of dollars of user funds to be decided upon in court.
2023-10-3 21:48 | |
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Retail crypto borrowers are filing objections to Celsius Network’s bankruptcy reorganization plan, arguing it unfairly favors institutional lenders over retail clients like himself. Johan Bronge, an angel investor who took out several bitcoin-backed loans from Celsius before its bankruptcy, said in a letter to the court that the plan allows institutional lenders to repay their […] The post Celsius bankruptcy plan faces backlash from retail crypto borrowers claiming institutional bias appeared first on CryptoSlate.
2023-9-21 09:42 | |
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Bad actors have flooded X, impersonating the bankruptcy claim agent for Celsius to scam claimants. Celsius users are targeted by a potential phishing email attack as the final court approval of its restructuring plan is anticipated on Oct. 2. Several…
2023-9-20 15:00 | |
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Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million.
2023-9-16 19:06 | |
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Celsius has filed a motion in its bankruptcy case to resolve ongoing litigation and disputed contracts and claims, seeking court approval of a settlement agreement and purchase agreement with Core Scientific.
2023-9-15 14:30 | |
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In a Manhattan court hearing, Roni Cohen-Pavon admitted to manipulating CEL prices, and three other charges
2023-9-14 19:59 | |
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Celsius Network CEO has asked the court to dismiss the complaints by the US Federal Trade Commission (FTC) against him, claiming that he did not violate any law. Co-founder and former CEO of bankrupt crypto lending platform Celsius Network Alex…
2023-9-12 15:48 | |
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Bankrupt crypto lender Celsius has proposed the appointment of Algorand’s blockchain former chief executive officer Steven Kokinos as the CEO of the new company that will take over its operations, according to court filings.
2023-9-11 16:52 | |
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A federal court in New York issued a Post-Indictment Restraining Order against Alexander Mashinsky, former CEO of the bankrupt cryptocurrency lender Celsius Network, on August 16, 2023, freezing his assets and prohibiting any transactions.
2023-9-6 19:10 | |
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Celsius Network is set to vote on its plan to offload assets to the Fahrenheit consortium after securing court approval for its disclosure statement and voting plan on Aug. 17. The court approval highlights the climax of Celsius’ year-long journey from bankruptcy, navigating through tumultuous crypto market shifts and the arrest of its former CEO, […] The post Celsius set to vote on asset sale plan after court approves disclosures appeared first on CryptoSlate.
2023-8-21 03:35 | |
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Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.
2023-8-18 10:13 | |
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Celsius Network, the bankrupt cryptocurrency lender, has received court approval for its restructuring plan as it works to emerge from bankruptcy. The plan, which allows Celsius to restructure its debts and continue operating, received a United States bankruptcy judge’s permission to commence creditor votes.
2023-8-16 14:00 | |
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The settlement was reached in July and, if the customers agree, it will go before the court for approval in October.
2023-8-15 00:57 | |
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The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI.
2023-8-7 07:56 | |
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Alex Mashinsky failed to get the civil lawsuit brought against him by New York Attorney General Letitia James thrown out in court on August 4. A Manhattan state court judge gave the green light for James’ suit to proceed, denying Mashinsky’s motion to dismiss the suit that accuses him of committing civil fraud, Bloomberg reported.
2023-8-5 15:49 | |
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Bankrupt crypto lender Celsius Network may finally see an end to its prolonged court battle with disgruntled customers after the company entered into a settlement agreement to address pending claims related to fraud allegations.
2023-8-2 22:04 | |
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Crypto securities ruling could impact pricing of CEL token but won’t affect restructuring plans, the counsel said.
2023-7-18 18:21 | |
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The U.S. bankruptcy court granted the crypto lender permission to sell its altcoin holdings for BTC and ETH starting in July.
2023-7-18 18:10 | |
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Crypto lender Celsius is selling over $24 million of altcoins following court approvals amid ongoing lawsuits and bankruptcy proceedings. The company is converting altcoins into Bitcoin and Ethereum to pay creditors.
2023-7-17 13:45 | |
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As part of its reorganisation strategy, insolvent crypto lending platform Celsius has recently received the green light from the court to swap over its altcoin holdings into Bitcoin and Ethereum.
2023-7-15 22:03 | |
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Former CEO of Celsius Network, Alex Mashinsky, was arrested and charged on Thursday with securities and wire fraud among other offenses, according to Reuters: Mashinsky, 57, arrived in federal court...
2023-7-14 17:16 | |
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Alex Mashinsky, the founder and former CEO of Celsius, pleaded not guilty to charges of misleading customers and artificially inflating the CEL token shortly after being arrested on Thursday. Following this, he was released on bail by a US District Judge on a bond of $40 million.
2023-7-14 15:00 | |
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The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
2023-7-14 23:57 | |
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Celsius is currently going through a Chapter 11 bankruptcy proceeding. Last week, the US CFTC found Celsius and Alex Mashinsky guilty of breaking several laws before Celsius collapsed in 2022. Alex Mashinsky has been arrested and will be arrayed in court on Friday.
2023-7-14 17:14 | |
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Bankrupt crypto lender Celsius has commenced legal action against Stakehound for failing to pay back $150 million in digital assets, including staked Ethereum (ETH), Polkadot (DOT), and Polygon’s MATIC, which it entrusted to the staking platform in 2021, according to a July 11 court filing.
2023-7-12 15:30 | |
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Celsius has instituted an action against StakeHound to recover its staked tokens. Its native token, CEL, now has zero market liquidity. In a court filing dated 11 July, bankrupt crypto lenThe post Crypto lender Celsius sues liquid staking platform StakeHound to... appeared first on AMBCrypto.
2023-7-12 14:30 | |
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Bankrupt crypto lender Celsius Network has begun the process of swapping altcoins for Bitcoin (BTC) and Ethereum (ETH). The recent court approval (June 30) granted the company permission to convert its altcoin holdings into the two leading digital assets, raising concerns about a potential sell-off of popular altcoins.
2023-7-6 09:25 | |
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Bankrupt crypto lender Celsius Network moved around $70 million worth of altcoins on July 5 following the recent court approval to sell them for Bitcoin (BTC) and Ethereum (ETH). Data from Arkham Intelligence showed that the lender had moved millions of altcoins and stablecoins to different wallets, including those related to crypto market maker Wintermute, […] The post Celsius moves altcoins to new wallets in preparation for Bitcoin and Ethereum conversion appeared first on CryptoSlate.
2023-7-6 23:05 | |
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Altcoin holders who are owed money by Celsius will be able to convert their altcoins into Bitcoin and Ether as of July 1, according to a recent ruling by a New York court. Celsius, a company that declared Chapter 11 bankruptcy protection in July 2022, acknowledging its substantial debt of up to $10 billion, temporarily […]
2023-7-2 15:10 | |
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Court documents from last November give a rough picture of the lender’s altcoin holdings.
2023-7-1 21:10 | |
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Bankrupt crypto lender Celsius Network has been authorized by the bankruptcy court to sell all of its altcoins for Bitcoin (BTC) and Ethereum (ETH), effective tomorrow, July 1, as stated in a June 30 court filing.
2023-6-30 20:13 | |
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Bankruptcy Judge Martin Glenn of the US Southern District Court of New York on Friday ordered that bankrupt crypto lender Celsius can begin to sell or convert altcoins to Bitcoin (BTC) and Ether (ETH).
2023-7-1 18:59 | |
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In a recent court filing, the Celsius Network has announced plans to facilitate the conversion of all altcoins into bitcoin and ethereum starting from July 1, 2023.
2023-6-15 18:12 | |
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Celsius’ plan needs to be approved by the New York bankruptcy court. Fahrenheit won the bid to acquire Celsius' assets after a lengthy auction process. Defunct crypto lender Celsius has suThe post Celsius submits revised bankruptcy plan after Fahrenheit deal appeared first on AMBCrypto.
2023-6-15 15:30 | |
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Court documents reveal that Fahrenheit has won the bid to acquire Celsius Network. The Fahrenheit group must provide a $10 million deposit within three days to complete the process. CryptocuThe post Fahrenheit to acquire bankrupt crypto lender Celsius appeared first on AMBCrypto.
2023-5-25 16:00 | |
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Early Thursday’s court filings confirmed that consortium Fahrenheit won the bid to acquire bankrupt cryptocurrency lender Celsius. Earlier stats valued the lender’s assets at about $2B.
2023-5-25 12:54 | |
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Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds.
2023-5-6 00:15 | |
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Celsius co-founder and former CEO Alex Mashinksy said Celsius Earn’s accounts are not securities in his defense of the New York’s attorney general charges against him, according to a May 2 court filing.
2023-5-4 17:35 | |
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According to recent court filings, Celcius is extending its Customer Contract Decision. According to the development, April 28 2023 has been set as the new cutoff date.
2023-3-26 11:47 | |
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