Fri, March 29

Founder and Former CEO of Celsius Granted Bail on $40M Bond

After his arrest on Thursday on allegations of fraud, a U.S. District Judge set bail for Alex Mashinsky, founder and former CEO of insolvent crypto lender Celsius, at $40 million. Court records show that Mashinsky entered a not-guilty plea to seven charges. Including deceiving investors and manipulating the price of

July 14, 2023 2 mins read

Former Celsius CEO Alex Mashinsky Arrested Amid Ongoing Investigation

According to a court filing made on Thursday, the U.S. SEC is suing defunct cryptocurrency lender Celsius Network and its founder and former CEO Alex Mashinsky. According to Bloomberg, citing a source familiar with the matter, Alex Mashinsky was detained on Thursday morning as a result of the ongoing investigation

July 13, 2023 2 mins read

Insolvent Celsius Network Files $2B Lawsuit Against Alameda Research

A $2 billion lawsuit has been brought against FTX’s sister firm Alameda Research by Celsius Network on claims of suspicious trading activity that may have affected the price of the Celsius CEL token in 2022. Regulatory agencies such as the U.S. CFTC, the U.S. SEC, and federal prosecutors in Manhattan

July 13, 2023 1 min read

CFTC Reports Insolvent Celsius and Former CEO of Violating U.S. Rules

Bankrupt crypto lender Celsius and its former CEO Alex Mashinsky allegedly infringed many United States rules before the company’s collapse in 2022, as found by investigators from the Commodity Futures Trading Commission (CFTC). Attorneys from the CFTC’s enforcement section reportedly determined that Celsius deceived investors, failed to register with the

July 6, 2023 1 min read

Court Allows Celsius Network To Convert Altcoins to BTC or ETH

The bankruptcy court has approved Celsius Network’s plan to convert all assets held in cryptocurrencies into Bitcoin and Ethereum. Judge Martin Glenn of the Southern District of New York has rendered a fresh judgment in the platform’s bankruptcy proceedings. And the liquidations will soon allow for the release of payment

June 30, 2023 1 min read

Celsius Creditors Blame Wintermute for Assisting Wash Trading

The bankrupt cryptocurrency lending platform has leveled allegations against Wintermute, a prominent crypto market maker. Claiming that they actively participated in price manipulation of CEL tokens by facilitating “wash trading” in collaboration with Celsius executives. The latest development in the legal proceedings showcases, Celsius creditors amending their lawsuit in the

June 24, 2023 1 min read

Fahrenheit Wins Auction To Acquire Insolvent Celsius Network Assets

On May 25th, insolvent cryptocurrency lender Celsius Network announced that the auction to sell its assets to cryptocurrency consortium Fahrenheit LLC had concluded. After consulting with its official committee of unsecured creditors. Celsius Network ultimately decided to go with Fahrenheit as the high bidder in the court-supervised auction. The Fahrenheit

May 25, 2023 1 min read

Eligible Celsius Custody Account Holders Allowed Remaining Withdrawal

Celsius Network, a cryptocurrency lending platform, has announced that certain customers will soon be able to recover their whole initial investments. Even though it has been almost a year since the company temporarily halted withdrawals. Users of Celsius who have only ever had their funds in custodial accounts were previously

May 7, 2023 2 mins read

Tuesday’s Celsius Auction: Two New Parties Join

In July 2022, Celsius, a company with over $4 billion in consumer debt, filed for Chapter 11 bankruptcy. The business has also been under investigation for numerous months. The collapse of the 2022 cryptocurrency market primarily affected lending companies for cryptocurrencies, with Celsius Network, Voyager, and Three Arrows Capital being

April 23, 2023 1 min read

Defunct Celsius Network Plans to Sue Creditor Over Leaking Confidential Info

A court document suggests that defunct cryptocurrency lender Celsius Network sought to sue crypto blogger and Celsius creditor Tiffany Fong for disclosing confidential business information. According to a snapshot posted by Fong, she has around $119,000 worth of crypto assets locked on Celsius after the company halted withdrawals in the

April 16, 2023 1 min read