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Crypto Firm Wintermute Entangled in Lawsuit Against Celsius Network


Creditors of the bankrupt landing firm Celsius have amended their lawsuit to include Wintermute.  Plaintiffs in the class-action lawsuit against Celsius Network have now alleged that Wintermute helped the crypto lending firm in wash trading. The new court filing shows Wintermute Trading Ltd as...

Token Sale Ahead: Celsius to Convert Customer ‘Altcoins’ to BTC and ETH


Amid the regulatory crackdown in the United States, the bankrupt crypto lender Celsius has announced that all of its customers’ “altcoins” will be converted to bitcoin (BTC) and ethereum (ETH). Over $215 million worth of coins such as CEL, ADA, LINK, LTC, and others will...

Ethereum Validator Activation Queue Grows: 90,000+ Validators Waiting in Line


Ethereum faces congestion for validators to enter and begin staking in the protocol. According to data from Wenmerge, an information dashboard, more than 90,000 validators are waiting to provide protocol validation services on Ethereum. This means a validator entering the queue today must wait more...

Fahrenheit wins bid to acquire Celsius assets after insolvency


Fahrenheit recently won the bidding process to acquire Celsius Network’s assets after insolvency. According to the court filings, Fahrenheit has gained access to 2 billion dollars worth of Celsius Network assets. The filings also mention that the group will gain Celsius’ loan portfolio mining unit...

Fahrenheit Chosen As Winning Bid in Celsius Bankruptcy


Bankrupt crypto lender Celsius Network LLC has chosen Fahrenheit as its winning bid, which will provide the capital and team to operate a new company. Fahrenheit, which consists of a group of crypto firms, was selected as the winning bid on Thursday morning, according to a press release.  The...

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