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Celsius Network

Crypto lending
March 30, 2023

Paxful to refund Earn account holders affected by Celsius’ bankruptcy

Paxful disclosed its plans to return the assets of Earn account holders whose funds were frozen following Celsius’ bankruptcy.
Crypto lending
March 22, 2023

Celsius approved to return 72.5% of assets to Custody account holders

Judge Martin Glenn ruled that Celsius’ Custody account holders can receive up to 72.5% of their crypto assets.
Crypto lending
March 21, 2023

Celsius’ litigation expenses exceed $144M

Celsius' legal and advisory expenses have reportedly exceeded the $144M mark.
Crypto lending
March 9, 2023

Celsius processes withdrawals worth $17.7M for custody account holders

Celsius interim CEO Chris Ferraro reported that eligible custody account holders withdrew $17.7M in crypto after the bankrupt lender reopened withdrawals on March 2.
Crypto lending
March 3, 2023

Celsius allows select Custody account holders to withdraw assets

Celsius has reopened withdrawals for select holders of Custody accounts. The news has received a mixed reaction from the crypto community as only a fraction of Celsius ‍users can withdraw their tokens.
Crypto lending
February 17, 2023

Celsius reportedly failed to record 7,000 intercompany transactions

A recent court filing claimed that Celsius failed to record 7,000 transactions between the bankrupt lender's affiliate firms.
Crypto regulation
February 16, 2023

Judge authorizes Celsius to sell Bitmain mining coupons worth $7.4M

Judge Martin Glenn has authorized Celsius to sell $7.4M worth of coupons for Bitmain, a crypto mining firm. The coupons, which cost Celsius $37M, provide a 10-30% discount on Bitmain’s mining rigs.
Crypto lending
February 15, 2023

Celsius debtors unveil NovaWulf-sponsored sale plan

Celsius’ debtors have released a sale plan that outlines their strategy to compensate the bankrupt crypto lender’s clients. The proposed sale plan will be sponsored by investment firm NovaWulf Digital Management.
Crypto lending
February 9, 2023

Celsius extension request denied by US trustee and creditors

The US trustee and Celsius creditors have denied Celsius an extension of its timeline to submit its Chapter 11 restructuring plan. One reason for the refusal is the increased cash burn.
Crypto lending
February 1, 2023

Tether CTO denies allegations of borrowing from Celsius

Paolo Ardoino, the Chief Technology Officer of Tether, denied reports about Tether receiving loans from Celsius. 
Crypto lending
January 31, 2023

Independent Examiner’s Report Shows Celsius Was Running A Ponzi Scheme

An independent examiner report has revealed that Celsius used new customer funds to pay for withdrawals. Celsius operated a riskier business different from what it advertised to customers.
Crypto regulation
January 5, 2023

Judge Rules Celsius Owns Assets Held In Earn Accounts

Martin Glenn, the federal judge presiding over the Celsius bankruptcy case, ruled that the interest-bearing Earn accounts belong to Celsius.
Crypto Mining
January 4, 2023

Celsius Agrees To Let Core Scientific Shut Down 37K Mining Rigs

Core Scientific will shut down over 37,000 of Celsius’ crypto mining rigs after several months of dispute with the bankrupt lender.
Crypto exchanges
December 30, 2022

FTX Users Request Court To Redact Private Information From Bankruptcy Filings

Clients of FTX International have requested the court to withhold their identities and private information from FTX's bankruptcy filings to protect the exchange's user base from identity theft and other cyber scams.
Crypto lending
December 29, 2022

Celsius Seeks To Extend Deadline For Submitting Proof Of Claims

Celsius will file a motion to further extend the deadline for users to submit their claims until February.
Crypto lending
December 21, 2022

Celsius Attracts 30 Potential Bidders For Its Retail Platform And Mining Business

Celsius provided an update on its ongoing business processes and disclosed that it has received multiple bids for its assets ahead of its auction process.
Crypto lending
December 17, 2022

Celsius' Lawyers Seek $52.8M As Litigation Fees

Celsius' legal consultancy firms have filed motions with the Court to receive $52.8M from the bankrupt crypto lender. 
Crypto lending
December 8, 2022

Judge Orders Celsius To Return $50M Worth Of Crypto To Investors

Martin Glenn ordered Celsius to return clients' assets worth $50M at Wednesday's court hearing.
Crypto lending
December 6, 2022

Court Grants Celsius Extension To Submit Chapter 11 Reorganization Plan

Celsius has been granted an extension of its exclusivity period by the court. The company promises to utilize this period to develop plans for a stand-alone business and the benefits of its customers and stakeholders.
Custody
December 2, 2022

Galaxy Digital To Purchase Custody Platform GK8 From Celsius

Galaxy Digital secured the winning bid to buy GK8 from Celsius. The acquisition will allow GK8 to continue providing self-custody operations to financial firms.
Crypto lending
November 21, 2022

External Examiner Reports Shortfalls In Celsius’ Custody Program

Shoba Pillay, the external examiner in the Celsius bankruptcy case, reported that the lender's Custody program lacked proper “accounting and operational controls or technical infrastructure.”
Crypto lending
November 20, 2022

Court Approves January 3 As Deadline For Celsius Customers to File Claims

The court has approved January 3 as the bar date for all Celsius customers to file their claims. Stretto will send out a notice to all customers through emails, physical mail and notifications on the Celsius app.
Crypto lending
November 11, 2022

BlockFi Halts Withdrawals Following FTX/Alameda Crisis

BlockFi has announced that it will limit platform activity, including clients’ withdrawals. This follows the FTX liquidity crunch and a series of reassuring tweets by BlockFi.
Crypto lending
November 10, 2022

Celsius Requests Extension For Submitting Restructuring Plan

Celsius filed motions requesting the Court to extend its exclusivity period for submitting a restructuring plan.
Crypto lending
November 9, 2022

Nexo Boasts Of $0 Net Exposure To FTX

Nexo has boasted of its $0 exposure to FTX amid the exchange crisis. Its small loan to Alameda, fully collateralized by digital assets, was sold off a few days ago, making them immune to any losses.
Crypto lending
November 2, 2022

Celsius Under Investigation Over Allegations Of Operating Like A Ponzi Scheme

Federal judge Martin Glenn expanded the scope of the investigation into Celsius’ bankruptcy proceedings. Next, Pillay will consult with the Celsius Creditors Committee to decide who will lead the probe into Celsius.
Crypto lending
November 2, 2022

Judge Rejects Celsius’ $3M Key Employee Retention Plan

Federal judge Martin Glenn disapproved Celsius’ plan to pay bonuses worth $3M to select employees.
Crypto Mining
October 28, 2022

Core Scientific Set To File For Bankruptcy

Core Scientific might be filing for bankruptcy in the near future. This is due to the prolonged decrease in Bitcoin price and other factors, which have affected the company’s liquidity.
Crypto lending
October 27, 2022

Alex Mashinsky Accused Of Falsely Claiming To Invest $18M In CEL’s ICO

Tiffany Fong’s latest set of Tweets alleged that Alex Mashinsky, Co-Founder and Ex-CEO of Celsius, falsely claimed to invest $18M in CEL's ICO.
Crypto lending
October 25, 2022

Celsius Gains Court Approval For Its Bidding Procedure

The Court approved Celsius' plan for the auction of its assets and mandated the appointment of a customer privacy ombudsman.
Crypto staking
October 24, 2022

Freeway Halts Services Following Unprecedented Volatility

Freeway has announced halting transactions related to its Supercharger product. The company cited unprecedented volatility in the market and claims this move will help diversify its asset base.
Crypto lending
October 21, 2022

Prime Trust Agrees To Return $17M To Celsius

Prime Trust has agreed to transfer $17M worth of crypto assets to Celsius.
Crypto lending
October 20, 2022

JPMorgan Hires Ex-Celsius Executive As Crypto Policy Head

JPMorgan Chase hired former Celsius executive Aaron Iovine as its head of crypto regulatory policy. Following his appointment, Iovine will now work with JPMorgan’s regulatory affairs group.
Crypto lending
October 16, 2022

Celsius To Pay Over $3M As Legal Counsel Fees

Monthly fee statements from law firms revealed that Celsius owes them over $3M as litigation counsel expenses.
Crypto lending
October 12, 2022

Celsius Files Motion To Schedule Bar Date

Celsius requested the Court to set the deadline for its clients to submit their proof-of-claim forms on December 13.
Crypto lending
October 11, 2022

Celsius Creditors’ Details Leak In Bankruptcy Disclosure Proceedings

Celsius has filed its Schedules of Assets and Liabilities and Statements of Financial Affairs in line with the bankruptcy proceedings. This move has placed users at risk of fallouts and possible cyber threats.
Crypto lending
October 10, 2022

TrueFi Announces First Default on BUSD Loan by Blockwater Technologies

TrueFi has issued its first notice of default on the BUSD loan to Blockwater Technologies. The firm owes TrueFi over $3.4 million and has only been able to pay $645,000.
Crypto lending
October 7, 2022

Updates on Celsius

So much has been going on with embattled crypto lender Celsius. Here are some updates detailing the activities of its Top Execs and what the future holds for the lending platform.
Crypto lending
October 6, 2022

Celsius’s Top 3 Executives Withdrew $56M Before Company’s Bankruptcy

A new court record reveals that the top three executives of the now defunct crypto lending platform, Celsius, withdrew about $56.2 million before the company halted withdrawals and filed for bankruptcy.
Crypto lending
October 5, 2022

Celsius’ Chief Strategy Officer Steps Down

S. Daniel Leon, Celsius’ Co-Founder, resigned from his position as Chief Strategy Officer via an internal memo.
Crypto lending
October 5, 2022

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.
Crypto staking
October 3, 2022

Lido Staked Ether (stETH) Regains ETH Peg

Lido Staked Ether (stETH), which previously lost its peg to Ethereum (ETH), has recovered. This follows the DAO’s decision to raise stETH's APR after Ethereum's Merge.
Crypto lending
October 3, 2022

FTX’s CEO Reveals How They Will Approach Celsius' Auction

Addressing Simon Dixon's Tweets, Sam Bankman-Fried disclosed how FTX would place bids on Celsius’ Assets.
Crypto lending
October 2, 2022

Alex Mashinsky Withdrew $10 Million Days Before Freezing Clients' Accounts

A Financial Times report revealed that Alex Mashinsky, former CEO of Celsius, withdrew $10 million shortly before freezing clients' funds in June. His representative claims the withdrawal was used for tax settlements.
Crypto lending
September 30, 2022

Celsius Submits Proposal For The Auction Of Its Retail Assets

Celsius filed a notice to auction its retail assets and exit Chapter 11 bankruptcy. According to sources, FTX has set its sights on acquiring Celsius' assets.
Crypto lending
September 30, 2022

Celsius Creditor Committee Objects To Equity Holders' Motion

The Unsecured Creditor Committee (UCC) is moving to counter the motion to set up another committee to represent equity holders.
Crypto regulation
September 30, 2022

State Regulators Object To Celsius' Plan Of Selling Stablecoin Holdings

The Texas and Vermont regulators raised concerns over Celsius' request to sell its $23M worth of stablecoin assets to generate liquidity for its operations.
Crypto regulation
September 29, 2022

Court Appoints Shoba Pillay To Examine Celsius’ Chapter 11 Bankruptcy Case

The U.S. Bankruptcy Court in the Southern District of New York has approved the appointment of a third-party examiner to look into Celsius’ finances.
Crypto lending
September 28, 2022

FTX Reportedly Seeks To Acquire Celsius’ Assets

According to sources, Sam Bankman-Fried, CEO of FTX, is considering bidding on crypto lender Celsius’ assets to bail the latter out of bankruptcy.
Crypto lending
September 27, 2022

Alex Mashinsky Steps Down As Celsius Network CEO

Alex Mashinsky, CEO of defunct crypto lender, Celsius Network, has submitted his resignation letter. He will be stepping down immediately as the CEO but will still maintain his direct position as the company's founder.
Crypto lending
September 27, 2022

Celsius CEO’s Wife Sells “Unbankrupt Yourself” T-shirt Referencing Company’s Slogan

An e-commerce site, usastrong.io, founded by the wife of Celsius CEO, Krissy Machinsky, now sells T-shirts branded “Unbankrupt Yourself.” This has raised reactions across social media as users think it is insensitive.
Crypto lending
September 16, 2022

Celsius Seeks Court Approval To Sell Its Stablecoin Holdings

Celsius Network filed a request to sell its stablecoin assets in order to acquire funds for its operations.
Crypto regulation
September 15, 2022

Thai SEC Prohibits Crypto Operators From Providing Staking and Lending Services

Thai SEC has banned crypto operators from providing or advertising crypto depository services that pay returns to depositors. They claim this move will protect the public from the business risks of these services.
Crypto regulation
September 14, 2022

South Korean Prosecutors Issue Arrest Warrant Against Terraform Labs CEO

Investigation teams from the Seoul Southern District Prosecutor's Office issued an arrest warrant against Do Kwon, co-founder, and CEO of Terraform Labs, over violation of the Capital Markets Act.
Crypto lending
September 1, 2022

Celsius Files To Reopen Withdrawal For Eligible Users

The defunct crypto lender announced that it is making moves to pay holders of certain accounts. The proceeding will be held on 14 September, so until then, affected users will have to keep their fingers crossed.
Crypto lending
August 23, 2022

Celsius CFO Debunks Rumors, Reveals Details About Mining Operations

In a recent bankruptcy hearing call, Chris Ferraro, Celsius’ CFO, assures investors that the platform has enough funds to last until the end of 2022. 
Crypto exchanges
August 22, 2022

Zipmex CEO Refuses To Resign Following $50M Loss

Marcus Lim, CEO of crypto exchange platform Zipmex, reveals he will not step down from his leadership role despite the company’s losses amounting to over $50M.

Latest News

Celsius reportedly failed to record 7,000 intercompany transactions

Crypto lending
February 17, 2023
A recent court filing claimed that Celsius failed to record 7,000 transactions between the bankrupt lender's affiliate firms.

Judge authorizes Celsius to sell Bitmain mining coupons worth $7.4M

Crypto regulation
February 16, 2023
Judge Martin Glenn has authorized Celsius to sell $7.4M worth of coupons for Bitmain, a crypto mining firm. The coupons, which cost Celsius $37M, provide a 10-30% discount on Bitmain’s mining rigs.

Celsius debtors unveil NovaWulf-sponsored sale plan

Crypto lending
February 15, 2023
Celsius’ debtors have released a sale plan that outlines their strategy to compensate the bankrupt crypto lender’s clients. The proposed sale plan will be sponsored by investment firm NovaWulf Digital Management.

Celsius extension request denied by US trustee and creditors

Crypto lending
February 9, 2023
The US trustee and Celsius creditors have denied Celsius an extension of its timeline to submit its Chapter 11 restructuring plan. One reason for the refusal is the increased cash burn.

Tether CTO denies allegations of borrowing from Celsius

Crypto lending
February 1, 2023
Paolo Ardoino, the Chief Technology Officer of Tether, denied reports about Tether receiving loans from Celsius. 

Independent Examiner’s Report Shows Celsius Was Running A Ponzi Scheme

Crypto lending
January 31, 2023
An independent examiner report has revealed that Celsius used new customer funds to pay for withdrawals. Celsius operated a riskier business different from what it advertised to customers.

Judge Rules Celsius Owns Assets Held In Earn Accounts

Crypto regulation
January 5, 2023
Martin Glenn, the federal judge presiding over the Celsius bankruptcy case, ruled that the interest-bearing Earn accounts belong to Celsius.

Celsius Agrees To Let Core Scientific Shut Down 37K Mining Rigs

Crypto Mining
January 4, 2023
Core Scientific will shut down over 37,000 of Celsius’ crypto mining rigs after several months of dispute with the bankrupt lender.

FTX Users Request Court To Redact Private Information From Bankruptcy Filings

Crypto exchanges
December 30, 2022
Clients of FTX International have requested the court to withhold their identities and private information from FTX's bankruptcy filings to protect the exchange's user base from identity theft and other cyber scams.

Celsius Seeks To Extend Deadline For Submitting Proof Of Claims

Crypto lending
December 29, 2022
Celsius will file a motion to further extend the deadline for users to submit their claims until February.

Celsius Attracts 30 Potential Bidders For Its Retail Platform And Mining Business

Crypto lending
December 21, 2022
Celsius provided an update on its ongoing business processes and disclosed that it has received multiple bids for its assets ahead of its auction process.

Celsius' Lawyers Seek $52.8M As Litigation Fees

Crypto lending
December 17, 2022
Celsius' legal consultancy firms have filed motions with the Court to receive $52.8M from the bankrupt crypto lender. 

Judge Orders Celsius To Return $50M Worth Of Crypto To Investors

Crypto lending
December 8, 2022
Martin Glenn ordered Celsius to return clients' assets worth $50M at Wednesday's court hearing.

Court Grants Celsius Extension To Submit Chapter 11 Reorganization Plan

Crypto lending
December 6, 2022
Celsius has been granted an extension of its exclusivity period by the court. The company promises to utilize this period to develop plans for a stand-alone business and the benefits of its customers and stakeholders.

Galaxy Digital To Purchase Custody Platform GK8 From Celsius

Custody
December 2, 2022
Galaxy Digital secured the winning bid to buy GK8 from Celsius. The acquisition will allow GK8 to continue providing self-custody operations to financial firms.

External Examiner Reports Shortfalls In Celsius’ Custody Program

Crypto lending
November 21, 2022
Shoba Pillay, the external examiner in the Celsius bankruptcy case, reported that the lender's Custody program lacked proper “accounting and operational controls or technical infrastructure.”

Court Approves January 3 As Deadline For Celsius Customers to File Claims

Crypto lending
November 20, 2022
The court has approved January 3 as the bar date for all Celsius customers to file their claims. Stretto will send out a notice to all customers through emails, physical mail and notifications on the Celsius app.

BlockFi Halts Withdrawals Following FTX/Alameda Crisis

Crypto lending
November 11, 2022
BlockFi has announced that it will limit platform activity, including clients’ withdrawals. This follows the FTX liquidity crunch and a series of reassuring tweets by BlockFi.

Celsius Requests Extension For Submitting Restructuring Plan

Crypto lending
November 10, 2022
Celsius filed motions requesting the Court to extend its exclusivity period for submitting a restructuring plan.

Nexo Boasts Of $0 Net Exposure To FTX

Crypto lending
November 9, 2022
Nexo has boasted of its $0 exposure to FTX amid the exchange crisis. Its small loan to Alameda, fully collateralized by digital assets, was sold off a few days ago, making them immune to any losses.

Celsius Under Investigation Over Allegations Of Operating Like A Ponzi Scheme

Crypto lending
November 2, 2022
Federal judge Martin Glenn expanded the scope of the investigation into Celsius’ bankruptcy proceedings. Next, Pillay will consult with the Celsius Creditors Committee to decide who will lead the probe into Celsius.

Judge Rejects Celsius’ $3M Key Employee Retention Plan

Crypto lending
November 2, 2022
Federal judge Martin Glenn disapproved Celsius’ plan to pay bonuses worth $3M to select employees.

Core Scientific Set To File For Bankruptcy

Crypto Mining
October 28, 2022
Core Scientific might be filing for bankruptcy in the near future. This is due to the prolonged decrease in Bitcoin price and other factors, which have affected the company’s liquidity.

Alex Mashinsky Accused Of Falsely Claiming To Invest $18M In CEL’s ICO

Crypto lending
October 27, 2022
Tiffany Fong’s latest set of Tweets alleged that Alex Mashinsky, Co-Founder and Ex-CEO of Celsius, falsely claimed to invest $18M in CEL's ICO.

Celsius Gains Court Approval For Its Bidding Procedure

Crypto lending
October 25, 2022
The Court approved Celsius' plan for the auction of its assets and mandated the appointment of a customer privacy ombudsman.

Freeway Halts Services Following Unprecedented Volatility

Crypto staking
October 24, 2022
Freeway has announced halting transactions related to its Supercharger product. The company cited unprecedented volatility in the market and claims this move will help diversify its asset base.

Prime Trust Agrees To Return $17M To Celsius

Crypto lending
October 21, 2022
Prime Trust has agreed to transfer $17M worth of crypto assets to Celsius.

JPMorgan Hires Ex-Celsius Executive As Crypto Policy Head

Crypto lending
October 20, 2022
JPMorgan Chase hired former Celsius executive Aaron Iovine as its head of crypto regulatory policy. Following his appointment, Iovine will now work with JPMorgan’s regulatory affairs group.

Celsius To Pay Over $3M As Legal Counsel Fees

Crypto lending
October 16, 2022
Monthly fee statements from law firms revealed that Celsius owes them over $3M as litigation counsel expenses.

Celsius Files Motion To Schedule Bar Date

Crypto lending
October 12, 2022
Celsius requested the Court to set the deadline for its clients to submit their proof-of-claim forms on December 13.

Celsius Creditors’ Details Leak In Bankruptcy Disclosure Proceedings

Crypto lending
October 11, 2022
Celsius has filed its Schedules of Assets and Liabilities and Statements of Financial Affairs in line with the bankruptcy proceedings. This move has placed users at risk of fallouts and possible cyber threats.

TrueFi Announces First Default on BUSD Loan by Blockwater Technologies

Crypto lending
October 10, 2022
TrueFi has issued its first notice of default on the BUSD loan to Blockwater Technologies. The firm owes TrueFi over $3.4 million and has only been able to pay $645,000.

Updates on Celsius

Crypto lending
October 7, 2022
So much has been going on with embattled crypto lender Celsius. Here are some updates detailing the activities of its Top Execs and what the future holds for the lending platform.

Celsius’s Top 3 Executives Withdrew $56M Before Company’s Bankruptcy

Crypto lending
October 6, 2022
A new court record reveals that the top three executives of the now defunct crypto lending platform, Celsius, withdrew about $56.2 million before the company halted withdrawals and filed for bankruptcy.

Celsius’ Chief Strategy Officer Steps Down

Crypto lending
October 5, 2022
S. Daniel Leon, Celsius’ Co-Founder, resigned from his position as Chief Strategy Officer via an internal memo.

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Crypto lending
October 5, 2022
Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.

Lido Staked Ether (stETH) Regains ETH Peg

Crypto staking
October 3, 2022
Lido Staked Ether (stETH), which previously lost its peg to Ethereum (ETH), has recovered. This follows the DAO’s decision to raise stETH's APR after Ethereum's Merge.

FTX’s CEO Reveals How They Will Approach Celsius' Auction

Crypto lending
October 3, 2022
Addressing Simon Dixon's Tweets, Sam Bankman-Fried disclosed how FTX would place bids on Celsius’ Assets.

Alex Mashinsky Withdrew $10 Million Days Before Freezing Clients' Accounts

Crypto lending
October 2, 2022
A Financial Times report revealed that Alex Mashinsky, former CEO of Celsius, withdrew $10 million shortly before freezing clients' funds in June. His representative claims the withdrawal was used for tax settlements.

Celsius Submits Proposal For The Auction Of Its Retail Assets

Crypto lending
September 30, 2022
Celsius filed a notice to auction its retail assets and exit Chapter 11 bankruptcy. According to sources, FTX has set its sights on acquiring Celsius' assets.

Celsius Creditor Committee Objects To Equity Holders' Motion

Crypto lending
September 30, 2022
The Unsecured Creditor Committee (UCC) is moving to counter the motion to set up another committee to represent equity holders.

State Regulators Object To Celsius' Plan Of Selling Stablecoin Holdings

Crypto regulation
September 30, 2022
The Texas and Vermont regulators raised concerns over Celsius' request to sell its $23M worth of stablecoin assets to generate liquidity for its operations.

Court Appoints Shoba Pillay To Examine Celsius’ Chapter 11 Bankruptcy Case

Crypto regulation
September 29, 2022
The U.S. Bankruptcy Court in the Southern District of New York has approved the appointment of a third-party examiner to look into Celsius’ finances.

FTX Reportedly Seeks To Acquire Celsius’ Assets

Crypto lending
September 28, 2022
According to sources, Sam Bankman-Fried, CEO of FTX, is considering bidding on crypto lender Celsius’ assets to bail the latter out of bankruptcy.

Alex Mashinsky Steps Down As Celsius Network CEO

Crypto lending
September 27, 2022
Alex Mashinsky, CEO of defunct crypto lender, Celsius Network, has submitted his resignation letter. He will be stepping down immediately as the CEO but will still maintain his direct position as the company's founder.

Celsius CEO’s Wife Sells “Unbankrupt Yourself” T-shirt Referencing Company’s Slogan

Crypto lending
September 27, 2022
An e-commerce site, usastrong.io, founded by the wife of Celsius CEO, Krissy Machinsky, now sells T-shirts branded “Unbankrupt Yourself.” This has raised reactions across social media as users think it is insensitive.

Celsius Seeks Court Approval To Sell Its Stablecoin Holdings

Crypto lending
September 16, 2022
Celsius Network filed a request to sell its stablecoin assets in order to acquire funds for its operations.

Thai SEC Prohibits Crypto Operators From Providing Staking and Lending Services

Crypto regulation
September 15, 2022
Thai SEC has banned crypto operators from providing or advertising crypto depository services that pay returns to depositors. They claim this move will protect the public from the business risks of these services.

South Korean Prosecutors Issue Arrest Warrant Against Terraform Labs CEO

Crypto regulation
September 14, 2022
Investigation teams from the Seoul Southern District Prosecutor's Office issued an arrest warrant against Do Kwon, co-founder, and CEO of Terraform Labs, over violation of the Capital Markets Act.

Celsius Files To Reopen Withdrawal For Eligible Users

Crypto lending
September 1, 2022
The defunct crypto lender announced that it is making moves to pay holders of certain accounts. The proceeding will be held on 14 September, so until then, affected users will have to keep their fingers crossed.

Celsius CFO Debunks Rumors, Reveals Details About Mining Operations

Crypto lending
August 23, 2022
In a recent bankruptcy hearing call, Chris Ferraro, Celsius’ CFO, assures investors that the platform has enough funds to last until the end of 2022. 

Zipmex CEO Refuses To Resign Following $50M Loss

Crypto exchanges
August 22, 2022
Marcus Lim, CEO of crypto exchange platform Zipmex, reveals he will not step down from his leadership role despite the company’s losses amounting to over $50M.
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