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Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
25.5.2023
The Arrington Capital-backed grouping beat fellow bidder NovaWulf for Celsius’ assets, with the Blockchain Recovery Investment Consortium selected as back-up
Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets
17.5.2023
The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion
‘Unjustly enriched:’ Core Scientific knocks back $4.7M claim from Celsius
9.5.2023
Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it's owed an even higher amount from the crypto lender
Celsius Founder Mashinsky Denies ‘Baseless’ Fraud Claims From New York State
3.5.2023
Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender
Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’
2.5.2023
Resolving the company’s murky corporate design could prove key to recoveries for customers and Series B investors
Celsius auction has Gemini and Coinbase as new bidders: Report
23.4.2023
Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York
Celcius reportedly prepping litigation against creditor for leaking internal info
15.4.2023
Creditor Tiffany Fong has argued that she hasn’t done anything wrong, asserting that she didn’t break any non-disclosure agreements by reporting on the leaked information
NovaWulf Plans to Tokenize Equity of Celsius’ New Firm With $2B Assets, After Takeover
14.4.2023
Celsius Network contacted 130 interested parties and signed non-disclosure agreements with 40, before choosing NovaWulf
P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return
4.4.2023
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could...
Paxful to return lost Celsius funds to Earn users
29.3.2023
Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network's bankruptcy
Crypto Lender Celsius Should Continue Exclusive Right to Pursue Novawulf Deal, Judge Says
8.3.2023
Enough progress has been made to suggest the plan to set up a new recovery corporation should be the only one on the table, Martin Glenn said
Bankrupt Crypto Lender Celsius Re-Opens Withdrawals for Certain Custody Accounts
3.3.2023
Celsius paused withdrawals last June, citing extreme market conditions
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...
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'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 publishes list of users eligible to withdraw majority of assets
1.2.2023
Eligible creditors will not be able to withdraw their funds from Celsius unless they update their accounts with AML and KYC data
New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud
5.1.2023
On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including more than 26,000 New Yorkers,...
US Bankruptcy Court Rules Celsius Deposits Belong to the Firm
5.1.2023
A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar...
Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy
13.12.2022
Galaxy, the crypto-focused financial services firm, had won the auction for GK8 earlier in the month