Celsius News

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

Bankruptcy

Celsius CEO under fire as Committee of Creditors, DFPI implicate him

Celsius CEO Alex Mashinsky is accused of promoting false information about the safety of users' funds at the brink of the bankruptcy.

3 years ago

Bankruptcy

Celsius backtracks on hiring former CFO as consultant

Celsius withdrew its motion to hire former CFO Rod Bolger as a consultant after hundreds of disgruntled investors wrote letters to the court.

3 years ago

Bankruptcy

Celsius wants to rehire its ex-Chief Financial Officer

Bolger had worked with the embattled lender for five months before resigning on June 30. Less than a month after his resignation, the firm filed for bankruptcy.

3 years ago

Legal

Celsius facing legal action by aggrieved custody customers over $180M deposit

Celsius is facing legal action from a group of 400 customers that owns about 4% of the total assets locked in the Celsius network — equating to $180 million.

3 years ago

Lending

Zipmex aims to slowly reinstate withdrawals of certain altcoins

Zipmex said that it is working to recover funds from Babel Finance and has signed a MOU with two investors to fully re-enable withdrawals.

3 years ago

Bankruptcy

New York urges crypto market crash victims to speak out

Attorney General James urged workers in the crypto industry who might have witnessed fraud or misconduct to file a whistleblower report with her office.

3 years ago

Lending

Celsius reveals customer data breach by vendor’s employee

Celsius has downplayed the extent of the breach, saying its systems and security was not impacted.

4 years ago

Bankruptcy

Tether’s $840M Celsius loan liquidation poses legal troubles

Celsius legal representatives are asking whether the bankrupt lender could be able to recover the value of the collateral sold by Tether.

4 years ago

Legal

Terra, Celsius hit with class action lawsuits in the US

Terra, Celsius are facing series of class action lawsuit filed against them by disgruntled investors who lost funds to their collapse.

4 years ago

Exchanges

Thai SEC seeks clarification from Zipmex on withdrawal freeze

In a now deleted stated, Zipmex said its exposure to Babel Finance was $48 million while that to Celsius Network was $5 million.

4 years ago

Bear Market

Former Celsius director exposes alleged price manipulation of CEL token

Timothy Cradle said Celsius' company culture disregarded compliance, leading to risky and unethical plays including CEL manipulation.

4 years ago

DeFi

Celsius lawyers claim users relinquished their crypto when they signed up

At the first bankruptcy hearing for Celsius, the platform's lawyers claimed retail users gave up legal rights to their crypto by accepting the terms of service.

4 years ago

Celsius News

Celsius CEO under fire as Committee of Creditors, DFPI implicate him

Celsius backtracks on hiring former CFO as consultant

Celsius wants to rehire its ex-Chief Financial Officer

Celsius facing legal action by aggrieved custody customers over $180M deposit

Zipmex aims to slowly reinstate withdrawals of certain altcoins

New York urges crypto market crash victims to speak out

Celsius reveals customer data breach by vendor’s employee

Tether’s $840M Celsius loan liquidation poses legal troubles

Terra, Celsius hit with class action lawsuits in the US

Thai SEC seeks clarification from Zipmex on withdrawal freeze

Former Celsius director exposes alleged price manipulation of CEL token

Celsius lawyers claim users relinquished their crypto when they signed up

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