Bankruptcy


Policy

Celsius Lays Out Mining-Focused Reorganization Plan at First Bankruptcy Hearing

The first day hearing revealed Celsius is betting big on its also-indebted mining operation to help fill the $1.2 billion hole in the company’s balance sheet.

Alex Mashinsky, founder and CEO of Celsius Network, at Consensus 2019 (CoinDesk)

Videos

What to Expect From Crypto Lender Celsius' Bankruptcy Proceedings

"The Hash" panel discusses what customers should expect ahead of the first hearing in the Celsius bankruptcy case, as the insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement. Plus, a conversation on the company's $1.2 billion hole in its balance sheet.

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Finance

Celsius Bankruptcy Filings Hint Retail Customers Will Bear Brunt of Its Failure

The New Jersey-based crypto lender has a $1.2 billion hole in its balance sheet and will likely struggle to pay back its customers and creditors.

Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)

Videos

Three Arrows Capital Creditors Meeting Today; Celsius Outlines Next Steps

Creditors of crypto hedge fund Three Arrows Capital (3AC) are reportedly scheduled to meet today following a liquidation order issued by a British Virgin Islands court. Nikhilesh De, CoinDesk managing editor of global policy & regulation, discusses what to expect. Plus, a preview of crypto lender Celsius' first bankruptcy hearing.

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Videos

Chris Giancarlo: Celsius Bankruptcy Filing is 'Mile Marker' for Crypto Industry

Former CFTC Chair Chris Giancarlo discusses the potential regulatory outcomes from crypto lender Celsius' first bankruptcy hearing today. “It’s going to be one of those mile markers in the progression of this new asset class,” Giancarlo said.

Recent Videos

Finance

Celsius Outlines Next Steps as Bankruptcy Proceedings Begin

The insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement.

Celsius outlines next steps. (PhotonBlast/Unsplash)

Markets

The Fall of Celsius Network: A Timeline of the Crypto Lender’s Descent Into Insolvency

A timeline of Celsius’ battle with insolvency during the crypto crash, from the firm’s decision to limit some user activity before the “pause,” to its decision to file for bankruptcy on the advice of restructuring experts.

Celsius Logo (Celsius Network)

Finance

Celsius Owed $439M by Lending Firm EquitiesFirst: Report

Celsius first borrowed from EquitiesFirst in 2019 before an overcollateralized crypto loan went sour in 2021.

Celsius Network founder and CEO Alex Mashinsky (CoinDesk)

Videos

Celsius’ Mining Unit Files for Bankruptcy

Celsius Network’s mining unit, which said in March it planned to go public, filed for chapter 11 bankruptcy protection along with its parent company. CoinDesk Managing Editor for Companies Aoyon Ashraf discusses the developing story and potential impact on the mining industry at large.

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