Celsius

Celsius

Policy

Canadian Regulators Probing Crypto Lender Celsius Network Alongside US: Report

Authorities are looking at what impact the firm’s multibillion-dollar collapse had on users.

Canadian regulators are working with their U.S. counterparts in investigating crypto lender Celsius Network. (Chris Robert/Unsplash)

Markets

Bankrupt Lender Celsius’ Token Surges on Twitter-Driven Short Squeeze

CEL has gained about 300% since Celsius filed for bankruptcy last month.

Celsius' CEL token surged as high as $1.63 Monday. (CoinDesk)

Markets

Want to Strike Terror in Crypto Markets in 2022? Just Say You’re Suspending Withdrawals

Voyager's and Celsius’ bankruptcies were preceded by announcements that they were barring customers from getting their money.

(Creative Commons)

Finance

Celsius Network Custody Clients Tap Lawyer to Reclaim $180M

The account holders represent 4% of the assets locked up at the bankrupt crypto lender.

(Unsplash, Modified by CoinDesk)

Opinion

Celsius and BitConnect: Not So Different?

The insolvent crypto lender may not have been as blatantly criminal as the infamous BitConnect pyramid scheme, but the parallels should have drawn more regulatory scrutiny.

Alex Mashinsky Founder and CEO Celsius Network at Consensus 2019 AND Carlos Matos promoting Bitconnect

Layer 2

Sky-High Yields and Bright Red Flags: How Alex Mashinsky Went From Bashing Banks to Bankrupting Celsius

How could Celsius Network pose “much less risk” than banks, as its CEO claimed, but pay eye-popping returns? It sounded too good to be true. There were other warning signs from the start.

Celsius CEO Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)

Finance

Crypto Lender Celsius Files to Retain Former CFO to Advise on Bankruptcy Proceedings

Rod Bolger resigned from Celsius in June, two weeks before the company filed for Chapter 11 protection.

Celsius outlines next steps. (PhotonBlast/Unsplash)

Finance

What Happens to Celsius Creditors if Crypto Prices Recover?

Legal experts survey the undiscovered country that awaits customers of the bankrupt cryptocurrency lending platform.

Celsius thermometer (Unsplash/Modified by CoinDesk)

Layer 2

Failed Crypto Lender Cred Blames Its Demise on Uphold Exchange in Suit

The 2022 meltdown is not the first time the risks of “centralized DeFi” products have been laid bare.

(Daniel Thomas/Unsplash)

Markets

Citi Says Crypto Contagion Appears to Have Ceased

Stablecoin outflows have been stemmed and outflows from ETFs have also stabilized, the report said.

Citigroup's offices in Canary Wharf in London (Mitch Hogde/Unsplash)