Eligible Celsius Accounts With XRP Balance Might Still Receive Flare Airdrop
XRP holders on collapsed cryptocurrency lending platform Celsius might still be able to receive their Flare (FLR) airdrop.
U.S. Judge Grants Celsius Ownership Rights to $4.2B of Users Assets
The United States Bankruptcy Court for the Southern District of New York has ruled that funds in the Earn account of Celsius are the property of the bankrupt crypto lender, not the investors who deposited them. The account contains approximately $4.2 billion in crypto as of July 10, 2022.
Former Celsius CEO Mashinsky Sued By New York State for Defrauding Investors
New York’s attorney general has sued Alex Mashinsky, the former CEO of Celsius Network, for defrauding hundreds of thousands of investors by making false statements about the condition of the company to encourage money to keep coming in.
Celsius 'Earn' Assets Belong to Bankrupt Crypto Lender, Judge Rules
A federal judge ruled that customers of Celsius's interest-bearing "Earn" product had turned over control of their assets to the bankrupt crypto lender, meaning they are part of the company's bankruptcy estate.
Judge Rules Celsius Owns Funds in Earn Accounts, Paving the Way for Stablecoin Sale
Judge Martin Glenn, who is presiding over the Celsius bankruptcy case, ruled on Jan. 4 that the funds in the Celsius interest-bearing Earn program belong to Celsius under the terms of the program’s terms of use. The funds reportedly amount to more than $4 billion.
Celsius Wins Ownership of $4.2B Worth of Customers’ Funds
A new update regarding the Celsius bankruptcy case came on Jan. 4 as Judge Martin Glenn ruled that the funds deposited to Earn Accounts, which amount to $4.2 billion, are the property of Celsius, not the investors.
Celsius Files Motion To Extend the Bar Date
elsius filed a motion on Dec. 30, 2022, to extend the Bar Date — the deadline for all customers to file a claim.
Core Scientific Will cut Power to 37,000 Celsius Miners
Core Scientific will cut off power to 37,000 mining rigs for which Celsius still owes payment, the two now-bankrupt companies agreed. Bloomberg first reported the news. The agreement marks the end of a dispute that has been ongoing since last October when Core said it would seek a resolution on the matter in court. Celsius owes Core $7.8 million related to power costs for the miners through November 2022, according to court documents. (The Block)
Core Scientific to Shut Down Celsius Crypto Mining Equipment
Bitcoin miner Core Scientific (CORZ) will shut down mining rigs tied to Celsius Mining, Core's largest client with over 37,000 machines, after moving to reject its contract in recent days.
Celsius: Latest Developments and an Assessment of Where CEL Would Go Next
Bankrupt crypto lender Celsius Network, in a series of tweets published on 29 December, announced its plans to request an extension of the deadline for its users to submit their claims.
