by COINS NEWS - 10 months ago
The Celsius Bankruptcy Team just tweeted that last week they accidently started converting their Alts to Bitcoin Cash instead of Bitcoin. https://preview.redd.it/6ylgxl5i2f9b1.png?width=768&format=png&auto=webp&s=b0cb298592141c53043...
Bitcoin News / Bitcoinist - 10 months ago
Altcoin holders who are owed money by Celsius will be able to convert their altcoins into Bitcoin and Ether as of July 1, according to a recent ruling by a New York court.
Celsius, a company that declared Chapter 11 bankruptcy protection in July 202...
Cryptocoins News / The Cointelegraph - 10 months ago
The liquidations will pave the way for the distribution of the funds to creditors in the near future. The United States Bankruptcy Court for the Southern District of N...
Cryptocoins News / CoinJournal - 10 months ago
Bankruptcy Judge Martin Glenn of the US Southern District Court of New York on Friday ordered that bankrupt crypto lender Celsius can begin to sell or convert altcoins to Bitcoin (BTC) and Ether (ETH).
The price of CEL, the native Celsius Network tok...
Cryptocoins News / The Cointelegraph - 10 months ago
The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital. Web3 lending platform...
by COINS NEWS - 10 months ago
This information comes from the court document filed today of the Joint Chapter 11 Plan of Reorganization of Celsius. An excerpt from the document gives a breakdown as follows: https://preview.redd.it/ax2pvddezj8b1.png?width=491&fo...
Bitcoin News / Bitcoinist - 10 months ago
Wintermute, a prominent crypto market maker, has found itself embroiled in a legal controversy as creditors of the bankrupt cryptocurrency lending platform, Celsius, have made serious allegations against both entities.
According to a recent court fi...
Cryptocoins News / The Cointelegraph - 10 months ago
It was alleged that Celsius executives purportedly involved Wintermute in facilitating “wash trading” to “fraudulently” manipulate trading volumes on the Celsius platform....
Cryptocoins News / EthereumWorldNews - 10 months ago
A class action lawsuit filed by Celsius investors has been amended to include crypto market maker Wintermute Trading.& The lawsuit accused Wintermute of aiding CEO Alex Mashinsky in duping Celsius investors.& The defunct crypto lender’s inve...
by COINS NEWS - 11 months ago
This shit is absolutely insane to me. Honestly, I’m glad all this stuff with the SEC is going down. Customer protection is needed badly in this industry. One of the reasons I first got into crypto was for the lawlessness of it all. I was transferri...
Bitcoin News / Bitcoin.com - 11 months ago
Amid the regulatory crackdown in the United States, the bankrupt crypto lender Celsius has announced that all of its customers’ “altcoins” will be converted to bitcoin (BTC) and ethereum (ETH). Over $215 million worth of...
Bitcoin News / Bitcoinist - 11 months ago
Defunct crypto lender Celsius Network has proposed a joint reorganization plan to resolve its outstanding claims and interests under Chapter 11 of the Bankruptcy Code.
As part of this plan, Celsius has requested court approval to convert all altcoin...
Cryptocoins News / The Cointelegraph - 11 months ago
The crypto lender has proposed converting all its altcoin holdings into Bitcoin and Ethereum to quell growing regulatory concerns and maximize the value of its assets....
by COINS NEWS - 11 months ago
Beginning on July 1st, Celsians Network (Celsius) will convert all customer funds ( only altcoins ) to Bitcoin and Ethereum, with the exception of custody and withhold accounts. It will increase the bitcoin dominance even more just like Saylor...
More / Bitcoin Reddit - 11 months ago
I'm 23, been buying since 20. Lost 0.51 btc in celsius which was my entire net worth. When it all vanished I had -$5000 to my name. (Cc debt). Got a low tier Job (20 an hour before tax/deductions, about 13/hr after tax and deductions) and cleared...
by COINS NEWS - 11 months ago
On June 1, 2022, fellow r/cc user r/vocatus made this post warning us all about certain signs suggesting that Celsius might be insolvent and advised people to withdraw their funds immediately. At first, it was dismissed as FUD and heavily downvoted....
Bitcoin News / Bitcoin.com - 11 months ago
Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from th...