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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 Network’s Bitcoin Mining Pivot Faces Hurdles, Judge Suggests New Vote
1.12.2023
Source: Adobe Celsius’ Bitcoin (BTC) mining plans face obstacles as a United States judge hints at a possible new vote to clear deviations. According to a Reuters report on Nov 30, Celsius may require another creditor vote to change its business operations from a mining and staking enterprise...
Celsius Creditors Vote in Favor of Crypto Repayment and Equity Distribution Plan
26.9.2023
Creditors in the Celsius bankruptcy case have voted in favor of a comprehensive plan, paving the way for the return of funds and the equitable distribution of assets through the establishment of a new entity.
As per September 25th filing by the bankruptcy firm Stretto, the majority of creditor...
Celsius creditors vote in favor of reorganization plan
26.9.2023
The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors
Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan
20.9.2023
Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches last year
Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval
18.8.2023
Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings
Celsius creditors allege Wintermute facilitated 'wash trading': Report
24.6.2023
It was alleged that Celsius executives engaged Wintermute to conduct wash trading to “fraudulently" manipulate trading volumes on the Celsius platform
Celsius eyes merge of entities as creditors claim distinctions were a ‘sham’
3.5.2023
New court filings are pushing to straighten out the issue in a bid to help recover lost funds for customers
Celsius creditors demand transparency on 'suspicious' FTX transactions
27.4.2023
Celsius creditors say info from FTX is crucial in determining if some CEL trades were meant to inflate its price artificially
Celsius creditors committee proposes suing Mashinsky, other Celsius execs
15.2.2023
The proposed lawsuit names Alex Mashinsky and a number of former executives and co-founders for alleged “recklessness, gross mismanagement, and self-interested conduct.”
Publisher says it's trying to scrub all traces of 'Mashinsky Method' book
10.2.2023
A slated financial literacy book by Alex Mashinsky has already been canceled but the book's publisher is still trying to wipe all traces of it from the internet
Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals
25.1.2023
The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called an “asset share token (AST).” Celsius...
A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache
29.10.2022
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew...
Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment
30.9.2022
Celsius said that Equities First still owes its $439 million
Celsius, Creditors Agree to Independent Government Probe, Call for Narrowed Scope
9.9.2022
The Official Committee of Unsecured Creditors joined other Celsius borrowers in opposing the U.S. Trustee's motion to appoint an independent examiner, though they did not oppose the appointment of any third party investigator to dig into the embattled crypto lender's financials
What Happens to Celsius Creditors if Crypto Prices Recover?
26.7.2022
Legal experts survey the undiscovered country that awaits customers of the bankrupt cryptocurrency lending platform