Celsius (CEL)
Expert Explains Celsius Coming Crypto Distribution, Confirmation Hearing
In a recent YouTube livestream, prominent expert Simon Dixon, known to have been following the Celsius bankruptcy proceedings, provided crucial updates about the ongoing confirmation hearings and other significant developments. ...
Celsius’s New CEO Aims for Stability and Boring Culture to Revive Bankrupt Company
Celsius’s interim Chief Executive Officer, Chris Ferraro, started implementing a different strategy than the former CEO, and the strategy made the bankrupt lender “as boring as possible,” according to Bloomberg....
Celsius Price: Is It Too Late to Sell as CEL Continues to Fall?
CEL, the native coin of the embattled Celsius banking and financial platform, continues to drop amid unending challenges. According to reports, hackers flooded the Celsius community, sending phishing emails to...
Celsius’ Former Chief Revenue Officer Pleads Guilty to Crypto Fraud
Roni Cohen-Pavon has pleaded guilty to criminal charges related to market manipulation and fraud involving CEL tokens. Cohen-Pavon has agreed to cooperate with the U.S. attorney’s office and the FBI...
Celsius to Retrieve Customers’ Withdrawn Crypto Assets
Celsius Network, the bankrupt crypto lending platform, would be pursuing retail clawbacks against their customers who withdrew from the platform before the bankruptcy date. Crypto influencer Aaron Bennet shared the...
Leaked WhatsApp Chats Show Celsius Gambled $8M Weekly to Sustain CEL
According to reports, the founders spent over $8 million weekly to sustain CEL’s value. WhatsApp messages expose Celsius Network founders artificially inflating CEL token price. There are also allegations of...
Celsius Unveils Repayment Plan for Customers Following Court Approval
Defunct cryptocurrency lending platform Celsius has unveiled a repayment plan for its customers with existing claims, crypto analyst Aaron Benette reveals in a recent update. This move follows a recent...
Celsius To Invest $50 Million To Pursue Litigation For Pending Disputes
The Celsius Network is set to invest $50 million and set up a Litigation Oversight Committee as part of its Chapter 11 exit plan. The bankrupt crypto lender plans to...
Celsius App to Shut Down, Firm Identifies PayPal for BTC Distribution
Celsius, the bankrupt pioneering crypto lending platform, recently released its revised disclosure statement, revealing its plan to shut down its app within 90 days. The move comes as part of...
Celsius Network Set to Reimburse Customers and End Bankruptcy
Celsius Network, the defunct crypto lender, is about to secure settlements that would enable it to end the burden of bankruptcy upon its shoulders. According to reports, the collapsed crypto...
Crypto Influencer Hopes To Rebuild Celsius After Founder’s Arrest
Crypto influencer Simon Dixon, who has gained popularity among the Celsius community on Twitter, believes that the arrest of founder and former CEO Alex Mashinsky will be a net positive...
Crypto Influencers Speak About Former Celsius CEO’s Arrest on Twitter
The overall Twitter community rejoiced after Alex Mashinsky’s arrest. YouTuber Coffeezilla says Celsius was a fraud long before Alex Mashinsky’s arrest. Citizen Journalist Tiffany Fong reminds followers of how Celsius...
Celsius Receives Court Approval to Convert Their Alt Holdings
Bankrupt crypto lender Celsius has received court approval to convert its altcoin holdings into more liquid cryptos as part of its restructuring plan, according to the analytics platform Kaiko. In...
CFTC Concludes Celsius and Former CEO Violated US Regulations
The Commodities and Futures Trading Commission (CFTC) has determined that Celsius Network breached U.S. regulations under its co-founder and former Chief Executive Alex Mashinsky. According to the commodities regulator, the...
Celsius Users on High Alert for Phishing Emails Offering 42% Cash-out
In a recent development surrounding the Celsius bankruptcy case, the crypto lending platform has warned its users about fraudulent phishing attempts. The news came to light when Simon Dixon, a...
Celsius Enters Fresh Market Manipulation Scandal Involving Wintermute
Celsius Creditors allege that Wintermute assisted in wash trading. They claim Celsius and Wintermute artificially inflated CEL trading volume for personal gain. Celsius will be dumping a long list of...
Celsius Debtors File to Swap Altcoins to Bitcoin or Ethereum
Celsius debtors have filed in court to have the ability to swap all altcoins in their possession to Bitcoin (BTC) or Ether (ETH). The debtors made the filing on June...
Here’s List of Coins Celsius Will Dump in July Under Reorganization Bid
Celsius Network, the troubled crypto lender, has announced its latest move amid the digital asset market’s recovery. In a tweet, Celsius revealed its plan to sell all altcoins held by...
Celsius Adopts Set Off Treatment For Retail Borrow Claims: Simon Dixon
On June 15, Bank To The Future CEO Simon Dixon announced that Celsius has decided to handle the Retail Borrow Claims using the Set Off Treatment. He tweeted that the...
Celsius Network’s Massive ETH Staking Causes Delays In Ethereum Queue
Celsius Network, a crypto lending platform that is facing financial insolvency, recently engaged in an ETH staking initiative worth $800 million. This action has resulted in notable delays within the...
USBTC Acquires Celsius’ Assets to Become Lead Miner in the US
The industrial-scale operator of Bitcoin mining sites US Bitcoin Corporation has acquired assets from the bankrupt financial company Celsius Network, in a fierce auction. According to a press release, the...
Celsius Network Paves Way for New Beginnings with Fahrenheit LLC
In a decisive turn in its bankruptcy proceedings, Celsius Network LLC has selected Fahrenheit, LLC to be the victorious bidder. This follows a competitive court-supervised auction, where Fahrenheit emerged as...
Celsius’ Latest Bitcoin Mining Stats Show Signs Of Improvement
The Celsius Network has increased the number of Bitcoin mining rigs deployed by 18% in April as compared to the previous month. As of April 30, 2023, the bankrupt crypto...
Celsius to Pursue Fraud Claims Against UK-Based Subsidiary, CNL
Simon Dixon, the CEO of BankToTheFuture and a regular commenter on the bankruptcy case of the ill-fated crypto lender Celsius, has dropped another update regarding the ongoing court case. Dixon...
Celsius Debtors Seek to Merge CNL, LLC Amid Record-keeping Deficiency
On Monday, debtors of the bankrupt crypto lender Celsius filed a motion to substantively consolidate the firm’s estates, an attempt to treat the UK-based Celsius Network Limited (CNL) and the...
