News about CELSIUS NETWORK

News about Celsius Network

Celsius Network Petitions Court to Consult Former CFO Rod Bolger

Embattled cryptocurrency lending platform Celsius Network has petitioned the US Bankruptcy Court to grant it permission to re-engage Rod Bolger, its former Chief Financial Officer (CFO). The firm highlighted its plan to tap from the wealth of exper...

Celsius Network Lawyers Argue That Users Have No Right To Their Crypto

Since Celsius Network limited withdrawals, swaps, and transfers last month, it has been a rollercoaster for users trying to get their funds off the platform. It all came to a head last week when the lending protocol had finally filed for Chapter 11 b...

Celsius Network Introduces A New Recovery Plan In Its Debut Bankruptcy Hearing

Celsius’s debut bankruptcy hearing introduces alternatives for users to retrieve their funds back. The firm plans to make use of Bitcoin mining operations and third-party asset sales to accumulate funds and pay back its debt. After halting its...

Celsius Network is an excellent case study for all new crypto buyers

Background Just a few months ago Celsius was considered a major player in CeFi: It had been around since 2018 with no major scandals. It had a completely doxxed team. Provided what seemed an industry leading amount of transparency, with easy eno...

A community to discuss and share the TRUTH about Celsius Network, and to expose Alex Ma’shit’stink’s web of lies and deception. All paid shills will be removed. We will upload all evidence here to be permanently viewable.

No more downvoting the truth. Other communities are riddled with shills to protect the fraud and deception of Alex Ma’shit’stink the CEO of Celsius Network, and the PONZI scheme built on a web of lies, deception and the wilful misrepresentation of t...

EquitiesFirst Owes $439 Million In Debt to Celsius Network

EquitiesFirst, an Indianapolis-based specialist finance company best known for lending cash to institutions secured against their stock holdings, is identified as a debtor to the prominent crypto lender Celsius Network. That is according to Celsius’...

$1.19B Deficit Hole Listed on Balance Sheet: Celsius Network

A $1.19 billion deficit was listed on Celsius Network's balance sheet in a court filing on Thursday. “The amount of digital assets on [Celsius’s] platform grew faster than the company was prepared to deploy. As a result, the company made what, in h...

Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters

During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed for Chapter 11 bankruptcy, CEL was exchanging hands for $0.961 per unit....

Celsius Network’s Assets Could Be Locked for a Long Long Time Like Mt. Gox’s Crypto, Says Bitfinex Whale.

Summary: Bitfinex Bitcoin whale, Joe007, has warned that Celsius Network’s assets could be locked for a ‘long long time’ just like Mt. Gox’s crypto has been locked since 2014. Celsius Network has filed for Chapter 11 bankruptcy. Bitfinex Bitcoin...

Crypto Collapse Pulls Celsius Network Down Into Bankruptcy

Crypto lender Celsius Network, one of the biggest in the world, has filed for Chapter 11 bankruptcy protection, joining a string of crypto asset organizations that have restructured in response to a severe sell-off in cryptocurrencies this year. The...

Celsius Network Files For Chapter 11 Bankruptcy

Celsius network released a statement on Wednesday stating that it has filed for chapter 11 bankruptcy The firm will continue to stay operational and has $167 million in cash to proceed with further developments. After going through multiple trib...

Celsius Network Pays Down Its Aave Debt, Here’s How Much It Still Owes

Celsius Network has been aggressively paying down all of its debt since it first stopped withdrawals, swaps, and transfers on its platform. The lending platform had loans spread across various protocols, some of which were dangerously close to being...

Vermont Regulator Says Celsius Network Is Likely To Be “Deeply” Insolvent

Vermont Department of Financial Regulation believes that Celsius Network is most likely to be insolvent The DFR issued a comprehensive statement, adding that Celsius Network lacks the required assets to pay back its creditors. On July 12, the Ve...

BlockFi Should Not be Mentioned Alongside Crisis-Hit Voyager and Celsius Network, Says CEO

Summary: BlockFi CEO has requested crypto journalists and market commentators, not to mention the company alongside Voyager Digital and Celsius Network. He states that BlockFi has remained financially functional while Voyager and Celsius have not....

Celsius Network Withdraws 6k Wrapped BTC Worth $124M from Aave

Summary: Celsius Network has withdrawn 6,083 Wrapped Bitcoin worth $124 million from Aave. Celsius Network also repaid $78 million in USDC to Aave. The lending platform has been winding down on its DeFi positions since mid-June. The financially e...

Celsius Network Hires New Lawyers For Restructuring Purposes: Report

Celsius network has hired a new legal firm for restructuring purposes The firm will now be seeking legal assistance from Kirkland & Ellis LLP. Celsius Network is reportedly hiring new lawyers to carry out its restructuring process. Per a rep...

Tether Liquidated its Loan With Celsius Network Without Losses, Admits it Has an Investment in the Lending Platform

Summary: Tether has released a statement explaining how it liquidated its loan with Celsius Network. According to Tether, the loan was liquidated without losses to the company and according to an agreement by both entities. The loan was denominate...

Lawsuit: Ex-Employee Accuses Celsius Network of Financial Fraud Involvement

A former investment manager at Celsius Network filed a lawsuit against the popular crypto lending firm on Thursday, claiming that the firm involved itself in market manipulation and failed to create basic accounting controls to safeguard customer de...

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

tldr; Celsius Network, the crypto lender that halted user withdrawals last month because of liquidity pressures, reclaimed $440 million of collateral on Thursday. It paid off a loan on Maker, one of the largest decentralized finance (DeFi) platforms...

Celsius Network Clears its Bitcoin Loan, Resetting its Liquidation Price to $0

Summary: Celsius Network has completely paid off its Bitcoin loan, resetting its liquidation price to zero. The lending platform has been paying off its loan on the Maker Protocol since mid-June and after it announced pausing of withdrawals. The c...

Celsius Network has paid off another $40.8 million towards its Bitcoin loan. Their liquidation price has dropped to $2,722.06

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