Celsius Lawyer Says Earn Account Customers Entitled to a ‘Significant Return’
Celsius Earn account customers will be “entitled to a significant return,” a representative for crypto lending firm Celsius told a bankruptcy court on Tuesday.
Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors
Lawyers for Celsius Network said Tuesday that the bankrupt crypto lender is planning to reinvent itself as a new, publicly traded “recovery corporation” in order to exit the bankruptcy process – something they said could happen in “months.”
Celsius To Store 20,000 Mining Machines, Remains Optimistic About New Hosting Sites
The mining arm of bankrupt lending firm Celsius will temporarily store 20,000 rigs it's retrieving from Core Scientific and is optimistic about finding new hosting locations.
Xclaim Has Listed Over $200 Million of Crypto Customer Accounts on Its Global Marketplace for Crypto Bankruptcy Claims
Xclaim, the only independent trading platform for crypto assets locked by bankruptcy, announced today that thousands of customers of several bankrupt crypto exchanges, including FTX, BlockFi, Celsius and Voyager have listed their accounts for sale, representing more than $200 million of crypto assets. Xclaim enables crypto account holders to recover the market value of accounts that are inaccessible during the pendency of a bankruptcy.
Celsius and Fabric Ventures Lock Horns Over $8 Million Series B Clawback
Bankrupt crypto lender Celsius is attempting to call in a more than $6 million from an $8 million investment commitment made by VC firm Fabric Ventures.
3AC, CoinFLEX Co-Founders Looking To Raise $25M for New Crypto Exchange
Defunct Three Arrows Capital’s (3AC) co-founders Kyle Davies and Su Zhu — along with CoinFLEX co-founders Mark Lamb and Sudhu Arumugam — are looking to raise about $25 million to launch a new crypto exchange called GTX.
SBF’s Substack：FTX Pre-Mortem Overview
In mid November, FTX International became effectively insolvent. The FTX saga, at the end of the day, is somewhere between that of Voyager and Celsius.
Celsius’ Mining Arm Announces $1.3M Sale of Equipment
The mining arm of crypto lender Celsius Network has issued a notice for the sale of $1.3 million worth of mining equipment as part of its bankruptcy case.
Former Celsius CEO Sued for Allegedly Defrauding Customers
New York attorney General Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius Network LLC.
Celsius Mining To Sell 2687 BTC Mining Rigs for $1.34M
Celsius Mining entered into a Jan. 7 sales agreement to sell 2,687 Bitcoin mining rigs for $1.34 million to Touzi Capital , according to a Jan. 11 court filing.
