Celsius Creditors Explore Liquidation of Ionic Digital as It Faces Delays in Public Listing
Creditors of Ionic Digital, a crypto mining firm linked to Celsius, are considering liquidating the company due to delays in its public listing plans.
Celsius Network Distributes Over $2.5B to Two-Thirds of Creditors
In a Monday court filing, the Celsius Network administrator clarified that “approximately 64,000 of these remaining creditors have a distribution of less than $100, and approximately 41,000 more have a distribution of between $100 and $1,000”.
Celsius Agrees to Liquidate Tokens and Rare NFTs in Settlement with KeyFi Founder
This settlement marks the conclusion of a protracted legal battle between Celsius and Jason Stone.
Thai SEC Files Legal Charges against Former Zipmex CEO for Alleged Fraud
Earlier this month, financial authorities ordered Zipmex Thailand to cease digital asset trading and brokerage services on the platform.
Celsius Exits Bankruptcy, Begins $3B Repayment to Creditors
Celsius said it will initiate a controlled wind-down of operations by February 28, 2024. The crypto lender will discontinue its mobile and web applications.
Celsius Network to Unstake Ethereum for Asset Distribution amid Restructuring
Blockchain analytics firm Nansen reports that almost a third of the ETH in the pending withdrawal queue belongs to Celsius, totaling 206,300 ETH valued at approximately $468.5 million at current prices.
Celsius CEO Alex Mashinsky to Start Facing Trial in September 2024
Until the trial proceeds next September 2024, Mashinsky will remain free on $40 million bail, however, will continue to face travel and financial restrictions.
Celsius Network Seeks Court Approval to Repay Creditors by Year End
Celsius Network filed for Chapter 11 bankruptcy protection in April 2022, hoping to restructure its debt and find a buyer for its assets.
Celsius Network Valuation Consultant Approves Value of Debtors’ Assets and Liabilities
By Tolu Ajiboye
Officially, the valuation as of the end of May is correct and Celsius will pay creditors $2 billion in Bitcoin and Ether tokens.
Celsius Former Chief Revenue Officer Pleads Guilty to Criminal Charges, Awaits Sentencing
Part of Cohen-Pavon’s plea bargain requires him to compensate some of the victims of the Celsius collapse.
Celsius Network Files Complaint against EquitiesFirst as It Seeks to Recoup Assets
Celsius Network was perhaps one of the worst-hit firms when the crypto winter struck in 2022.
Prime Trust Files for Bankruptcy Protection amidst Financial Struggles
Prime Trust announced its intention to present a series of motions to the court.
Bankrupt Crypto Lender Celsius Network Plans New User-Owned Company
The new Celsius company will operate Celsius’ mining operations while taking over private equity, institutional loans, and venture capital investments.
United States Federal Trade Commission Fines Celsius Network $4.7B, Here’s Why
According to the FTC, the co-founders misappropriated no less than $4 billion worth of customer assets.
BREAKING: SEC Sued Alex Mashinsky Former CEO of Bankrupt Crypto Lender Celsius Network
The problems with Celsius Network and Mashinsky first surfaced in June of last year when the platform abruptly froze withdrawals, leaving users anxious about the security of their cash.