Bankrupt Crypto Lending Platform Celsius Names Users Eligible to Withdraw Assets
Users named on the list can withdraw 94% of their assets if they can cover the withdrawal fees.
Independent Examiner Releases Report on Celsius Network, Bankruptcy Expert Weighs In
In September, an independent examiner was asked by a bankruptcy court to offer an outside view of what is happening at crypto lender Celsius. The report has now been published detailing the firm’s operations in the run-up to bankruptcy being declared in July. 507 Capital Managing Partner Thomas Braziel discusses the report and what to expect from Celsius’ future bankruptcy proceedings.
Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner
Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme
Crypto Lender Celsius Wins Court Approval for Customer Withdrawals, Flare Token Airdrop
The U.S. bankruptcy court authorized eligible XRP holders to receive the Flare tokens due under a prior agreement.
Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors
The bankrupt firm is thinking of forming a new “recovery corporation” after getting a slew of acquisition bids that were not compelling.
Celsius Owns Users' Interest-Bearing Crypto Accounts, Judge Rules
A federal judge ruled that customers of Celsius's interest-bearing "Earn" product had turned over control of their assets to the bankrupt crypto lender. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.
Former Celsius CEO Mashinsky Sued by New York State for Defrauding Investors
New York Attorney General Letitia James filed the suit against the ex-head of the failed lending platform, accusing him of misleading investors about the firm’s health.
Celsius 'Earn' Assets Belong to Bankrupt Crypto Lender, Judge Rules
The move confirms that crypto platform customers do not own their assets if they're using certain services or products.
