Search
Ledn First-Quarter Loans Top Record $690M as Lending Market Snaps Back
9.5.2024
Crypto lender Ledn processed more than $690 million in loans during the first quarter, its most successful quarter since the firm's inception in 2018
How Investors Should Handle Celsius in Their Tax Returns This Year
15.4.2024
Creditors to the failed crypto lender have got their dollars back after bankruptcy, but working out the tax implications is going to take longer, says Koinly's Michelle Legge
Crypto Lender Celsius Pursues $2B Pre-Bankruptcy Exodus
21.3.2024
Bankrupt crypto lender Celsius has begun demanding customers who made major withdrawals in the three months preceding its bankruptcy to return their funds or face legal action.
The post Crypto Lender Celsius Pursues $2B Pre-Bankruptcy Exodus appeared first on Cryptonews
Sam Bankman-Fried Stands by Legal Team Amidst Conflict of Interest Concerns
22.2.2024
Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius CEO Alex Mashinsky, according to a report by Reuters. In a hearing, U.S. Southern District Judge Lewis Kaplan asked...
Report: Bankman-Fried Stands by Legal Team Amid Potential Conflict of Interest
22.2.2024
Sources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky, the former chief of Celsius. On Wednesday, in a courtroom declaration, SBF confirmed his complete...
Sam Bankman-Fried Ditches Legal Team, Moves Forward with Ex Celsius CEO’s Lawyers
21.2.2024
Disgraced former FTX founder Sam Bankman-Fried appeared in a Manhattan federal court on Wednesday afternoon with a new legal team that also represents former Celsius CEO Alex Mashinsky.
The post Sam Bankman-Fried Ditches Legal Team, Moves Forward with Ex Celsius CEO’s Lawyers appeared...
Sam Bankman-Fried Replaces Lawyers Ahead of Sentencing
21.2.2024
Sam Bankman-Fried replaced his former lawyers, Mark Cohen and Christian Everdale, as he’s headed into sentencing negotiations
Former Celsius CEO Mashinsky Waives Conflict of Interest, Proceeds with SBF Lawyers
21.2.2024
Former Celsius Network’s CEO Alex Mashinsky has waived his right to potential conflicts of interest that may arise from choosing similar legal representation as Sam Bankman-Fried.
The post Former Celsius CEO Mashinsky Waives Conflict of Interest, Proceeds with SBF Lawyers appeared first...
US Prosecutors Call for Hearing Amid Potential Conflict of Interests in Alex Mashinsky and SBF Cases
8.2.2024
The US government raised concerns about potential conflicts of interest in the ongoing criminal cases of FTX and Celsius Network founders Sam Bankman-Fried and Alex Mashinsky on February 6. The area of concern surrounds the legal representatives handling both cases. In a court filing, the...
Celsius Emerges From Bankruptcy, Begins to Distribute $3 Billion to Creditors
1.2.2024
Celsius has concluded its Chapter 11 bankruptcy process and is embarking on a new journey with the launch of Ionic Digital, Inc., a bitcoin mining company managed by Hut 8 Corp. This development follows a complex legal and financial restructuring, which will include over $3 billion distributed...
Celsius' Bitcoin Mining Assets to Restart as New Firm Prepares to Go Public
1.2.2024
The new company, Ionic Digital, expects to hit mining capacity of 12.7 exahash per second (EH/s)
Celsius begins distributing more than $3 billion to creditors
1.2.2024
Celsius Network has announced that it has begun distributing funds to creditors. Approximately $3 billion has been rolled out in cryptocurrency and fiat currency. Also, Celsius Network has said that it is incorporating a new Bitcoin mining company called Ionic Digital Inc. It will be owned...
Celsius Emerges from Bankruptcy and will Distribute $3B to Creditors
1.2.2024
Celsius Network has emerged from bankruptcy and is planning to pay over $3 billion of cryptocurrency and fiat to its creditors. Part of the bankruptcy plan will include the creation of a new Bitcoin mining company named “Ionic Digital” which will be fully owned by Celsius’ creditors. Hut 8 Corp....
Celsius to Distribute $3B Crypto to Creditors as Firm Emerges From Bankruptcy
1.2.2024
The distribution will be made through PayPal and Coinbase
Celsius Wallet Transfers $36M into Coinbase and FalconX Platforms – What’s Going On?
24.1.2024
Source: AdobeStock/Rafael Henrique On-chain analytics blockchain platform Lookonchain has identified a Celsius wallet making transfers to crypto exchanges. Sharing the information on X (formerly Twitter), Lookonchain highlighted that the defunct crypto lending protocol’s wallet deposited...
Major Crypto Moves: Celsius Shifts $125M ETH as FTX and Alameda Adjust Holdings
16.1.2024
Embattled crypto lender Celsius has transferred over $125 million worth of Ether to various cryptocurrency exchanges as part of its plan to initiate repayments to its creditors. According to data sourced from Arkham Intelligence, $95.5 million of Ethereum was shifted to Coinbase, while $29.7...
Defunct Celsius CEO Mashinsky Moves to Sweep Fraud Charges Under Carpet
15.1.2024
Source: Video screenshot, Youtube/Nasdaq The former CEO of the Celsius Network, Alex Mashinsky, has filed a motion requesting the dismissal of charges related to commodities fraud and market manipulation. This request was made through his legal team. Giving reasons for this request, Mashinsky noted...
Celsius Targets Withdrawals Made 90 Days Before Bankruptcy for Repayment
10.1.2024
Source: Adobe / FellowNeko The bankrupt crypto lender Celsius Network has notified its creditors that customers who made substantial withdrawals in the 90 days leading up to the bankruptcy declaration may need to return a portion of the funds or face legal consequences. According to a notice...
Celsius drafts a plan to unstake Ethereum
8.1.2024
Celsius is going through a crisis amid bankruptcy. Increasing liquidity is one approach to meeting creditors’ demands. As a result, the company has devised a strategy to sell a significant chunk of its ETH and raise funds to pay off the debt. The plan implies unstaking Ethereum tokens valued...
Celsius Network Unstakes Ethereum Holdings Amid Reorganization Efforts
5.1.2024
The bankrupt cryptocurrency lender Celsius Network announced its plan to unstake significant holdings of ethereum to facilitate asset distribution to its creditors. This move is part of the firm’s ongoing efforts to restructure and resolve outstanding liabilities. Crypto Lender Celsius...