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Celsius Network
Alex Mashinsky Resigns as Bankrupt Crypto Lender Celsius Network’s CEO
Alex Mashinsky, the CEO of bankrupt crypto lender Celsius Network, has resigned. “The Hash” hosts discuss the past, present and future of Celsius, which was once one of the largest players in the crypto lending space.
Celsius Asks for Court’s Permission to Sell Stablecoin Holdings
According to new court filings, Celsius Network has asked the court for authorization to sell its stablecoin holdings in order to generate liquidity to help fund its operations. The troubled crypto lender owns 11 forms of stablecoins totaling approximately $23 million, according to disclosures.
Bernstein: Bitcoin Underperforming Against Rivals; Vermont Regulator Alleges Celsius Misled Investors
Investment firm Bernstein wrote Tuesday that bitcoin (BTC)’s correlation with other tokens will weaken as its dominance declines. Vermont authorities allege crypto lender Celsius Network misled investors about its financial health.
Crypto Lender Celsius Misled Investors, Resembled Ponzi Scheme: Vermont Regulator
Crypto lender Celsius Network misled investors about its financial health using its CEL token to bolster its balance sheet and at times using new investor funds to repay old investors, the Vermont Department of Financial Regulation alleged in a new filing Wednesday. “The Hash” panel discusses the latest in Celsius’ multi-state investigation.
Mt. Gox to Set Creditor Repayment Date in ‘Due Course’; Celsius Files to Return Custody Clients’ Funds
The distribution of funds to former customers of defunct crypto exchange Mt. Gox will begin on a repayment date to be set in “due course.” Two Georgia-based bitcoin mining facilities used by Compass Mining are closing amid soaring local power costs.
Crypto Lender Celsius Files 2 New Lawsuits in Attempt to Recover Funds
Crypto lender Celsius Network has filed two new lawsuits in an attempt to retrieve lost funds. Ropes & Gray Business Restructuring Associate Daniel Gwen discusses what this means for Celsius and its creditors and customers.
Celsius Depositors Fracture Again on Legal Strategy as 'Withhold' Group Lawyers Up; Bitcoin Website Editor Hodlonaut Receives Almost $1M in BTC as Craig Wright Case Looms
Failed cryptocurrency lender Celsius Network has seen yet another set of claimants band together and hire a lawyer as the firm’s bankruptcy becomes an evermore messy and fractious affair. Hodlonaut received a 47 bitcoin ($1 million) donation ahead of a defamation court hearing involving nChain Chief Scientist Craig Wright. "All About Bitcoin" host Lawrence Lewitinn breaks down the day's top stories.
Celsius CEO Alex Mashinsky Owes Transparency to Creditors, Says Legal Expert
Hodder Law Firm Founder Sasha Hodder discusses crypto lender Celsius Network’s Chapter 11 bankruptcy proceedings and the “need” for CEO Alex Mashinsky to clarify what the firm owes to its creditors. “Mashinsky hasn’t provided the transparency that, really, he owes everyone,” Hodder said. “We need more transparency.”
Celsius Now Likely Has Enough Cash to Last Through Year End; FDIC Orders FTX US, Others to Cease 'Misleading' Claims
With funds coming from maturing loans and tax savings, Celsius now likely has enough cash to last through the end of 2022. Plus, the FDIC orders FTX US and four other companies to cease 'misleading' claims.
DOJ Calls for Independent Examiner in Celsius Bankruptcy Case
The U.S. Trustee office overseeing Celsius’ bankruptcy proceedings has asked that an independent examiner be appointed to look into the crypto lender’s collapse into bankruptcy. Hodder Law Firm Founder Sasha Hodder discusses the legal implications of the Celsius case and the potential concerns with CEO Alex Mashinsky.