Celsius Lawyer Says Revival Plans Include $450M in Seed Funding

Cryptocurrency lending firm Celsius which is currently facing bankruptcy, has recently revealed a strategic blueprint for its anticipated relaunch, as reported by Bloomberg on October 2. Navigating Bankruptcy: Celsius’ Legal Landscape In the intricate dance of financial resurrection, Christopher S.…

Good News For Celsius Creditors as They Make Approval for $2 Billion Payout

Celsius is a crypto lending company that was very prominent while still in operation. However, the lending platform filed for bankruptcy last year as part of the effects of the FTX collapse. Now, Celsius Creditors has made approval for a…

Celsius and Core Scientific resolved the dispute with a $45 million deal

Introduction In a significant development within the cryptocurrency mining industry, Celsius and Core Scientific have reached a groundbreaking resolution to their acrimonious dispute. This landmark agreement, valued at $45 million, not only brings an end to the legal battle between…

Crypto Community in Shock as Leaked Chats Expose How Celsius Network Gambled $8 Million Weekly

Celsius Network is currently down, and the executives are facing charges. However, a leaked chat showed how they engaged in some of the crimes they committed. The majority of them were market manipulation to attract investors. Furthermore, this meant spending…

Is Celsius Back? Crypto Lender Reaches This Important Deal for Customers

Celsius bankruptcy was one of the darkest periods in the crypto industry. Since going bankrupt, the case is mainly between Celsius investors that want their money back. The amount which the platform owes its investors is quite huge. However, it…

The Fall of a Crypto Giant: Former Celsius Executives Alex, Arrested on Securities Fraud Charges Amid Accusations of $4.7 Billion Deception

In a significant development in the crypto world, former Celsius CEO Alex Mashinsky and the firm’s Chief Revenue Officer, Roni Cohen-Pavon, have been apprehended for alleged securities fraud. As per Bloomberg, the duo stands accused by the Justice Department of…

Mt. Gox Creditors Get More Time to Register Repayment Preferences

Creditors of the now-defunct Mt. Gox cryptocurrency exchange will have additional time to decide how they would like to receive their repayments and to provide the necessary payee information. New March 10 Deadline Nobuaki Kobayashi, trustee of Mt. Gox, announced…

New York AG Sues Alex Mashinsky for Allegedly Hiding Celsius’ Struggles

New York Attorney General Letitia James is pursuing legal proceedings against Celsius founder and CEO Alex Mashinsky, claiming that his alleged “false and misleading statements” resulted in billions of dollars in losses for investors. On January 5th, the New York…

Celsius Wants to Postpone Deadline For Claims As Legal Fees Top $53M

Celsius Network, a bankrupt cryptocurrency lender, intends to file a motion to extend the deadline for users to submit claims by another month. The cryptocurrency community has grown impatient, noting that Celsius’ legal fees have continued to increase and are…