Tag: celsius

Singapore’s Regulatory Agency Intends To Prohibit Crypto Trading With Borrowed Funds

The Monetary Authority of Singapore (MAS) has recommended additional regulations for retail cryptocurrency investors, including a prohibition on borrowing money for trading. The recommendations are...

According to Celsius, co-founder Daniel Leon has left the company

Daniel Leon, a co-founder of Celsius Network Ltd., the cryptocurrency lender that filed for bankruptcy, announced his resignation this week. The business said in a...

Celsius’ ex-CEO withdrew $10 million weeks before the company’s customer accounts were frozen

According to the Financial Times, citing unnamed sources, Alex Mashinsky, the embattled founder and former CEO of Celsius Network, removed $10 million from the...

The Department of Justice objects to Celsius’ plans to reopen withdrawals and sell stablecoins

The DOJ has filed an objection to Celsius' motion to reopen withdrawals for select customers and sell its stablecoin holdings. The DOJ claims that the...

Texas protests Celsius’s plan to use stablecoin sales to finance operations

According to a recent court document, Texas state authorities are objecting to a plan by insolvent cryptocurrency lender Celsius Network to sell off its...

Celsius CEO and FTX US President has stepped down

Alex Mashinsky, CEO and founder of the bankrupt cryptocurrency lending firm Celsius, and Brett Harrison, president of FTX US, both resigned on Tuesday. Mashinsky's resignation...

Judge Authorises the Application of Independent Examiner in the Bankruptcy Case of Crypto Lender Celsius

A federal judge has granted a request for the U.S. Trustee's office to appoint an impartial examiner to look into the financial management of...

Following a cryptocurrency crash, Celsius Network plans a comeback

One of the main causes of this spring's crypto meltdown, which caused a loss of roughly $1 trillion from the market and bankrupted thousands...

A new court filing claims that Celsius concealed its financial difficulties and misled investors

The bankrupt cryptocurrency lender Celsius Network allegedly made "false and misleading claims" about its "financial health and compliance with securities laws," according to a...

Former money manager is accused with theft by cryptocurrency lender Celsius

In a lawsuit filed on Tuesday, Celsius Network LLC claimed that a former money manager misled the company about his investing skills and misplaced...

Before going bankrupt, Celsius’s CEO personally oversaw cryptocurrency transactions

During the January interest rate hike speculations, Celsius CEO Alex Mashinsky reportedly "took control" of the trading strategy at the cryptocurrency lending company. In an...

Days after stopping withdrawals, Zipmex seeks for bankruptcy protection

A business update issued on Wednesday claims that Zipmex has filed for bankruptcy. The information comes shortly after the Thailand-based cryptocurrency exchange abruptly stopped...

Despite a significant $1.9B balance sheet gap, Celsius Network has plans to compensate depositors

Celsius Network, a platform for centralized finance (CeFi) and whom recently declared bankrupt, has revealed plans to repay consumers whose funds are still not...

As Celsius declares bankruptcy, the price of the CEL token drops drastically by 50%

The entire cryptocurrency market crashed into a huge, dismal abyss following the Celsius Network's move last month to suspend all transactions and withdrawals. This week...

Celsius Pays Off Aave Loan and Transfers $418 Million ‘stETH’ Stack to Unknown Wallet

Celsius Network, the troubled crypto lender, completely paid off its debt on the decentralized finance (DeFi) protocol Aave, freeing up collateral in a move...

After the 3AC Saga, the Future of Crypto in These Countries Remains Uncertain

Three Arrows Capital, a cryptocurrency hedge fund, is currently being liquidated, and its impact can be felt across the sector. More cryptocurrency businesses worldwide...