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Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius
28.2.2023
Wrapped Bitcoin garnered DeFi traders' support in the 2021-22 bull season, but the demand started to fade post numerous crypto contagions led to redemptions
Galaxy Digital Closes $44M Acquisition of Self-Custody Platform GK8
23.2.2023
The self-custody platform was an asset of bankrupt crypto lender Celsius
Bitcoin Expectations, Celsius Sales, Donations-Turned-Profits and 20 Crypto Jokes
18.2.2023
Read More: Bitcoin Expectations, Celsius Sales, Donations-Turned-Profits and 20 Crypto Jokes
Crypto Biz: Celsius, FTX feel investors’ wrath as lawsuits multiply
17.2.2023
Celsius creditors have filed a proposal to sue Alex Mashinsky, while creditors of FTX are turning their attention to the exchange's venture backers
Crypto Has an Incest Problem
17.2.2023
Court filings reveal complex interlocking relations between major crypto firms – with implications for the ecosystem’s resilience, and for customers owed money
Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy
17.2.2023
A lack of record-keeping could make it impossible to "fully reconstruct" the bankrupt crypto lender's intercompany claim, court filings show
Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons
16.2.2023
The judge’s ruling does not require Celsius debtors to sell the Bitmain coupons, but they would need the consent of the committee of unsecured creditors
Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11
16.2.2023
Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit...
Judge Clears Celsius' Plan to Sell Bitmain Mining Coupons Worth Over $7M
16.2.2023
The crypto lender must sell the vouchers before they expire, to raise funds for the bankruptcy estate
Bankrupt Crypto Lender Celsius Finds a Buyer for Platform to Restart Operations – Here's the Latest
16.2.2023
Digital asset investment firm Novawulf Digital Management has reached a deal with crypto lender Celsius to buy its lending operations and help bring an end to its bankruptcy case.
Debtors of Celsius Network have presented the sale plan to the U.S. Bankruptcy Court of the Southern District of...
Celsius chooses NovaWulf's bid to exit from bankruptcy
16.2.2023
A proposal by Celsius sees most creditors receive a one-time payment of crypto while those with a larger claim would receive equity in a new company
Celsius Pursues Legal Action: Mashinsky and Other Former Executives Targeted for Repayment in Bankruptcy Fallout
15.2.2023
The bankrupt crypto lender Celsius is taking legal action against its former CEO Alex Mashinsky and a number of others to seek the return of “millions of dollars.”
According to court documents published this week, Mashinsky, Celsius co-founder S. Daniel Leon and several others engaged...
Celsius's CEL Token May See 20 Cent Value in Recovery Process, Attorney Says
15.2.2023
An attorney for bankrupt crypto lender Celsius said the company might value its CEL token at 20 cents, down significantly from its current market value of 54 cents
Celsius Seeks to Recover Millions From Mashinsky, Other Former Executives
15.2.2023
The former CEO should repay money he transferred in the run-up to the lender’s July bankruptcy, the document said
Celsius Debtors Release Sale Plan, Choose NovaWulf as Plan Sponsor
15.2.2023
Debtors of bankrupt crypto lender Celsius Network have chosen the NovaWulf sale plan for reorganization as it "provides the best method to distribute the Debtors’ liquid crypto assets and maximize the value of the Debtors’ illiquid assets."
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.”
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
11.2.2023
Defunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility...
Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchange Amid Bankruptcy Controversy
10.2.2023
Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange...
Bankrupt Crypto Lender Celsius Seeks to Raise $14M From Bitmain Mining Vouchers
10.2.2023
The company joins Core Scientific in trying to offload the assets before expiry, and will use the funds to repay creditors
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