Celsius News

Get the latest Celsius updates on bankruptcy proceedings, creditor repayments, legal developments, restructuring efforts, and market impact.

Bankruptcy

Bankruptcy lawyers believe Celsius customers may have to wait years for settlement

The lack of legal precedent, on-going lawsuits, and the complexities of a Chapter 11 bankruptcy mean Celsius users may face a long process to recover deposits.

4 years ago

Bankruptcy

Celsius bankruptcy filing shows its biggest creditor has ties to Alameda Research

Pharos, listed as Celsius's biggest creditor with an $81 million claim, is an opaque company with close ties to Alameda Research.

4 years ago

Lending

Celsius terms of use do not guarantee return of customers’ funds

Celsius has maintained a positive tone despite filing a Chapter 11 bankruptcy claim on July 13.

4 years ago

Legal

Celsius officially declares bankruptcy after paying down DeFi loans

Celsius has officially filed for Chapter 11 Bankruptcy after it pays off its DeFi loans on Aave, Compound, and Maker.

4 years ago

Lending

Celsius unlocks another $195 million in collateral after paying off debt to Compound

Amid its ongoing liquidity crisis, Celsius has paid off its debt to Compound of over $50 million, reclaiming 10,000 WBTC.

4 years ago

Stablecoins

Tether reveals how it returned funds to Celsius following liquidation

A BTC loan to Celsius was liquidated "without loss" by Tether. The process resulted in excess funds being returned to Celsius as Tether aimed to "minimize" the effect on the market

4 years ago

Legal

Celsius gets sued amidst Ponzi scheme allegations

KeyFi CEO alleged that Celsius has refused to honor the terms of a contract between both firms as regards profit sharing.

4 years ago

Bear Market

Fresh allegations against Celsius renew calls for EU crypto compensation fund

Attorney Jonathan Levy, representing victims of crypto crime, proposes a "superfund" paid for by imposing a tariff on crypto transactions to compensate victims.

4 years ago

Regulation

Biden administration official hints at stablecoin legislation that could come into force this year

According to the official, the President's Working Group on Financial Markets are actively exploring the space and looking to have the law come into force by the end of this year

4 years ago

Interview

How Celsius, 3AC misjudged risk and is DeFi’s future in interest rate swaps?

Risk management is a core component of financial services businesses. However, both 3AC and Celsius appear to have misjudged market risks by a wide margin. Voltz CEO Simon Jones speaks to how this came about

4 years ago

Investments

FTX discarded Celsius deal after reportedly finding $2B missing from its balance sheet

FTX reportedly walked away from a deal with Celsius after discovering a $2 billion hole in its balance sheet. Celsius is currently looking to make "strategic transactions" to secure its assets.

4 years ago

Exchanges

Celsius breaks silence as it attempts to ‘stabilize liabilities,’ ‘protect assets’

Celsius announces that it is exploring complex options to restructure liabilities in order to "preserve and protect assets."

4 years ago

Celsius News

Bankruptcy lawyers believe Celsius customers may have to wait years for settlement

Celsius bankruptcy filing shows its biggest creditor has ties to Alameda Research

Celsius terms of use do not guarantee return of customers’ funds

Celsius officially declares bankruptcy after paying down DeFi loans

Celsius unlocks another $195 million in collateral after paying off debt to Compound

Tether reveals how it returned funds to Celsius following liquidation

Celsius gets sued amidst Ponzi scheme allegations

Fresh allegations against Celsius renew calls for EU crypto compensation fund

Biden administration official hints at stablecoin legislation that could come into force this year

How Celsius, 3AC misjudged risk and is DeFi’s future in interest rate swaps?

FTX discarded Celsius deal after reportedly finding $2B missing from its balance sheet

Celsius breaks silence as it attempts to ‘stabilize liabilities,’ ‘protect assets’

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