Bankrupt Celsius Finds 30 Potential Bidders For Its Assets
Celsius advisers plan to work with potential buyers in the upcoming weeks to improve existing bids and announce whether a sale will occur in mid-January.
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Crypto firm Prime Trust to return $17 million in tokens to bankrupt Celsius
Prime Trust held approximately $119 Million of Celsius’ asset when both the firm ended their contract in June last year.
Celsius’ motion to access stablecoin faces objection from US state security officials
The objection was against Celsius' plan to sell $23 million in stablecoins as part of its efforts to access funds.
Bankrupt Celsius Network to Revive Firm with a Focus on Custody
Celsius executives want to rebuild the company with a focus on custody
Bankrupt Celsius to Release $50 Million in Custody Client’s Funds
The Motion is applicable only to Custody and Withold Accounts and for custodied assets worth $7,575 or less in value.
Celsius CEO Reportedly Took Reckless Decisions Leading to a Loss of $50M
Key Takeaways: Months before bankruptcy, Alex Mashinsky took over the Celsius trading system. Mashinsky frequently disagreed with Frank van Etten, the company’s former chief investment officer, regarding trading choices and his interference with the trading style. In July, Celsius filed…
From Miscalculated Deals to Negative Rumors: What caused Celsius’s downfall?
Key Takeaways: “De-pegging” of stETH forced Celsius to sell its own holdings A rumor about a potential bailout following LUNA crash led to over $1 billion being withdrawn from Celsius within five days In Tether liquidation, Celsius incurred a loss…
One More Giant Down: Celsius Network files for Chapter 11 Bankruptcy
Key Takeaways: Celsius says it has $167 million of cash available to meet urgent needs. The firm had over $8 billion lent out to clients, and $12 billion in assets under management in May. The bankruptcy filing comes after a…
Celsius faces accusations of being ‘Deeply Insolvent’ by Authorities
Key Takeaways Celsius deployed customer assets in risky activities. Multistate investigation of Celsius in USA. Celsius engaged in an unregistered securities offering. U.S. state of Vermont’s Department of Financial Regulation (DFR) claims that Celsius lacks the assets and liquidity to…
Battered Celsius Network pays off $20M in AAVE debts
Key Takeaways Celsius paid 20 million USDC for its AAVE loan. Total debt stands at $215 million. Earlier Celsius paid off over $220 million in a week. The battered crypto lender Celsius is rushing to pay off its outstanding debt…
