Bankrupt Lender Celsius CEO Owes Creditors Transparency, Crypto Lawyer Says

If Celsius Network’s CEO, Alex Mashinsky was “being transparent,” there would be “no need to pull in an independent examiner," Sasha Hodder, founder of Hodder Law Firm, said on CoinDesk TV's "First Mover."

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Celsius bankruptcy filings show a company in deep trouble

The bankrupt CeFi crypto lender is about $1.2 billion in deficit, with the majority of its liabilities being customer deposits some believe they may not be required to give back.

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Celsius breaks silence as it attempts to ‘stabilize liabilities,’ ‘protect assets’

Celsius finally broke its silence with a June 30 blog post stating that it is “working as quickly as we can to stabilize liquidity and operations. ” Behind the scenes, it claims that actions are being made to “take important steps to preserve and protect assets and explore options available to us.

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Celsius Facing Bankruptcy: Report

The fate of roughly $8 billion worth of deposits remains unknown, with Celsius seemingly being on the cusp of a bankruptcy

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Fears Of Further Contagion In The Bitcoin Market

With the closing of withdrawals at Celsius and the news of Three Arrows Capital being insolvent, it is more important than ever to hold your own keys.

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Texas, New Jersey, Alabama and other US states have launched an investigation into Celsius Network

The move by Celsius Network (CEL) to block consumer withdrawals is being looked at by several US jurisdictions, including the states of Texas, New Jersey, and Alabama. The post Texas, New Jersey, Alabama and other US states have launched an investigation into Celsius Network appeared first on CryptoSlate.

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Celsius’ crypto woes are being watched by Washington: report

Washington is keenly watching the crypto sector in the wake of crypto lender Celsius… The post Celsius’ crypto woes are being watched by Washington: report appeared first on CoinJournal.

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Celcius CEO not worried about Bitcoin, Ethereum being deemed securities

Despite regulatory uncertainty, it is no news that crypto interest has grown manifold this year. In a recent interview with Coin Stories, Celsius CEO Alex Mashinsky discussed Bitcoin and the regulatorThe post Celcius CEO not worried about Bitcoin, Ethereum being deemed securities appeared first on AMBCrypto.

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Kentucky becomes fourth US state to go after Celsius

Crypto lender Celsius is once again in the headlines- this time after being slapped…

The post Kentucky becomes fourth US state to go after Celsius appeared first on Coin Journal.

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Crypto Lender Celsius Network is Now Being Targeted by Texas, New Jersey, and Alabama

After BlockFi, regulators are now targeting crypto lender Celsius Network. Texas filed a notice this week seeking a hearing to determine whether to issue a cease and desist order against the company.

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What Is DeFi and Where Does It Leave Bitcoin?

The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.

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