Celsius


Opinion

Celsius Looks Sloppy in New Lawsuit, but So Does the DeFi Legend Suing It

While underscoring Celsius’s disregard for risk and weak controls, KeyFi’s lawsuit also casts new, unflattering light on the crypto whale known as @0x_b1.

In a new dispute between Celsius and a trading partner, both parties seem to have helped fumble depositors' bags. (Getty Images)

Finance

Celsius Accused of Fraud in Lawsuit by Ex-Employee

The roughed-up crypto lender froze withdrawals last month and later said it was exploring restructuring options.

The Celsius booth at Bitcoin 2022 (Danny Nelson/CoinDesk)

Markets

Celsius Sends $500M of Bitcoin Derivative to Crypto Exchange After Debt Payoff

The move comes just after the crypto lender reclaimed $450 million of collateral in WBTC, closing its loan from DeFi lending protocol Maker, blockchain data shows.

The Celsius booth at Bitcoin Miami 2022 (Danny Nelson/CoinDesk)

Videos

SBF’s Voyager Debt Emerges; Celsius Reshuffles Board

Alameda Research owes $377 million as Voyager Digital’s second largest borrower. Genesis confirms exposure to Three Arrows Capital. Celsius Network reshuffles board as it fights to stay afloat. South Korea’s Uprise said to have lost US$20 million in client funds on LUNA short. South Korea to cooperate with U.S. on Terra investigation. China’s "Instagram" gets into virtual fashion with users strutting their stuff in NFT clothes. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Recent Videos

Markets

Celsius Network Pays Off Maker Loan, Freeing Up $440M of Collateral

The troubled crypto lender paid down the remaining $41 million of its debt on the DeFi platform.

Celsius CEO Alex Mashinsky (CoinDesk archives)

Videos

Celsius Repays $183M on DeFi Protocol Maker, Gets Back Collateral

Troubled crypto lender Celsius paid down $183 million of its debt to the decentralized lending protocol Maker, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped. "The Hash" team discusses what's next for Celsius and the wider state of DeFi.

Recent Videos

Videos

Vauld Buyout Talks; Celsius Fights Against Bankruptcy

Vauld in buyout talks with Nexo. Voyager Digital files for bankruptcy. Celsius community pushes on with short squeeze amid ongoing bankruptcy concerns. Bank of England calls for greater crypto regulation. “Wolf of Wall Street” says Bitcoin investments will be profitable in three to five years.

CoinDesk placeholder image

Markets

Celsius Repays $183M on DeFi Protocol Maker, Gets Back Collateral, Blockchain Data Shows

The troubled crypto lender paid down $183 million of its debt to the decentralized lending protocol Maker, blockchain data shows, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped.

Celsius CEO Alex Mashinsky (CoinDesk archives)

Finance

Prestamista Celsius recorta 150 puestos de trabajo en medio de reestructuración

Los retiros de dinero están todavía pausados y la compañía ha contratado expertos en reestructuración mientras atraviesa una crisis financiera.

Celsius se suma a las compañías cripto en despedir personal en medio de la crisis por el mercado bajista. (Virojt Changyencham/Getty Images)

Finance

Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report

Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.

Celsius se suma a las compañías cripto en despedir personal en medio de la crisis por el mercado bajista. (Virojt Changyencham/Getty Images)