Celsius
Celsius To Unstake Ethereum Holdings For Creditor Repayments
The bankrupt crypto lender Celsius Network announced on Jan. 5 that it plans to unstake existing Ethereum (ETH) holdings as part of its efforts to distribute assets to creditors. According to the firm, the “significant” unstaking event will occur in the next few days. Celsius wrote: “Celsius will unstake existing ETH holdings, which have provided […]
Celsius Triumph: ‘MiningCo Transaction’ Gets Green Light
Celsius approved the “MiningCo Transaction” in the Chapter 11 bankruptcy proceedings when Chief Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York gave the green light on December 27. This order is a pivotal step forward, as all objections to the proposal were dismissed. The court’s decision enables […]
Founder Of Bankrupt Crypto Firm Celsius Pleads Not Guilty To Fraud Charges
Alex Mashinsky, CEO of bankrupt crypto lender Celsius Network, pleaded not guilty to fraud charges brought against him in the US on Thursday. The authorities accused him of defrauding customers and manipulating the price of the platform’s native crypto token, CEL. The U.S. Department of Justice arrested him on Thursday morning. The feds charged him […]