Crypto Lender Celsius Co-Founder, Chief Strategy Officer Leon Resigns: Report
Celsius CEO Alex Mashinsky also resigned last week.
Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
Mashinsky resigned as CEO on Sept. 27; the company filed for chapter 11 bankruptcy protection in mid July.
Crypto Lender Celsius Shouldn't Reopen Custody Withdrawals, US Trustee Says
The office has also requested the judge deny the bankrupt lending platform’s motion to liquidate its $23 million in stablecoin holdings.
Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment
Creditors of crypto lending firm Celsius have moved to subpoena lending firm Equities First. Celsius' former CEO Alex Mashinsky said his firm is still owed $439 million from Equities First. The money is collateral posted against a loan Celsius took from the company and which Equities First was unable to repay. "The Hash" team discusses the latest in the aftermath of Celsius' collapse.
Texas Opposes Plan by Celsius to Fund Operations With Stablecoin Sales
Texas state agencies are objecting to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new court filing. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.
Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment
The money is collateral posted against a loan Celsius took from the company and which Equities First was unable to repay.
Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
Celsius had asked for permission to sell millions in stablecoins to fund itself, but Texas is arguing the bankruptcy court should reject the request.
CEL Token Jumps as SBF Said to Eye Celsius in Buying Spree
The native token of Celsius regained momentum just hours after being rocked by the surprise departure of CEO Alex Mashinsky.
Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
Strike, a Chicago-based bitcoin payment provider run by crypto entrepreneur Jack Mallers, raised $80 million in a Series B funding round led by Ten31. Crypto billionaire Jihan Wu, founder of bitcoin mining rig maker Bitmain, is reportedly setting up a $250 million fund to buy distressed assets from mining firms.
Crypto Execs From Celsius, Kraken, FTX.US Step Down From Roles
Celsius CEO Alex Mashinsky, Kraken CEO Jesse Powell, and FTX.US President Brett Harrison are all stepping down from their roles amid crypto winter. U.S. Regulatory Reporter Cheyenne Ligon discusses what we know so far and what this may reveal about the state of the industry.