Fri, March 29

Celsius Will Permit Withdrawals for Minority Customers

Cryptocurrency owners who use Celsius’s Custody and Withhold Accounts are still permitted to do so.  Celsius cannot refuse to transfer amounts below $7,575. The United States Bankruptcy Court received a motion from cryptocurrency lender Celsius Network requesting permission for customers with digital assets housed in specific accounts to retrieve their

September 2, 2022 2 mins read

Crypto Lending Platform Celsius Files Countersuit Against KeyFi

About a month ago, KeyFi claimed that Celsius had scammed it out of money. Celsius suspended client withdrawals on June 13. Celsius has filed a countersuit against its ex-partner. Celsius, a cash-strapped crypto lending organization, has filed a lawsuit against KeyFi, a DeFi strategy firm, and its CEO Jason Stone,

August 24, 2022 1 min read

Court Grants Celsius Network Approval To Sell New Mined Bitcoins

Celsius mined 432.30 BTC in July, which is equivalent to nearly $10.3 million. Judge Martin Glenn of the Bankruptcy Court reached the ruling. Troubled crypto lender Celsius Network received a reprieve when the court supervising the firm’s bankruptcy case allowed the company to sell freshly mined Bitcoin. Although there were

August 17, 2022 1 min read

Institutions Liquidation Overflow On Bitcoin Will it Continues?

Public Bitcoin miners sold 4,456 BTC in May alone. 3AC owes lenders 18,193 BTC and the equivalent of 22,054 BTC in GBTC. Since May 10, the largest institutions have sold up to 236,237 Bitcoin (BTC), worth $5.541 billion at the time of writing, some often as a result of forced

July 22, 2022 2 mins read

Celsius’ Debtor List Now Includes ‘EquitiesFirst’ Owing $439 Million

Bankruptcy proceedings have been halted, and client funds have been frozen. EquitiesFirst seems to be a creditor of crypto hedge firm Three Arrows Capital (3AC). EquitiesFirst, a single counterparty that owes Celsius $439 million, has been making monthly payments of $5 million to clear its debt with the company. Due

July 17, 2022 2 mins read

Will Celsius Bankruptcy Filing Safeguard It From Crashing Down?

Celsius filed the Chapter 11 bankruptcy protection.  Chapter 11 allows a company to continue operating while restructuring its debt. After a month of turbulence, cryptocurrency firm Celsius has filed for Chapter 11 bankruptcy protection to restructure in a way that increased value for all stakeholders in the US Bankruptcy Court

July 14, 2022 2 mins read

Celsius Network Placed Under DFR Investigation

DFR is set to investigate the crypto lending platform, Celsius.  As per DFR, Celsius is an ‘unregistered security’, it operated outside the law. The U.S based Vermont Department of Financial Regulation (DFR), has a recent update on the crypto firm, Celsius Network. According to a statement issued on Tuesday, DFR

July 13, 2022 2 mins read

Celsius Makes Strong Comeback, Total Debt Stands at Only $59 Million

Almost a tenth of the asset’s $4.4 billion market value has been rescued. More than 23,000 WBTC (equivalent to $440 million) were returned. After retrieving 400,000 Staked Ethereum in collateral from an Aave loan, the troubled crypto lending company Celsius has paid off virtually all of its outstanding DeFi debt.

July 13, 2022 1 min read

Celsius Network Minimizes Debts Amid Bankruptcy Battle

Celsius Network paid off $113,105,000 on its Aave and Compound loans. Celsius freed up more than $450 million in collateral. Since last week’s wave of bitcoin loan repayments, the troubled cryptocurrency lender Celsius Network which has suspended customer withdrawals due to liquidity issues has paid off $113 million on its

July 12, 2022 2 mins read

Celsius Appoints New Legal Players as Escorts

Celsius Network has designated new legal practitioners from Kirkland & Ellis LLP in the hope of revamping the damage control protocols, as per the resources of a close acquaintance. The old law firm that represented Celsius was Akin Gump Strauss Hauer & Feld LLP.   The network passed all its withdrawals

July 11, 2022 2 mins read