Alex Mashinsky was given 12 years in prison for deceiving Celsius customers and losing billions from investors. The company disappeared in 2022 after closing withdrawals and concealing risky bets placed…
Browsing: Celsius Network
Tether is often diversifying its investments with Celsius Network and Volcano Energy among the most pronounced. The firm escaped losses with Celsius bankruptcy by liquidating its Bitcoin collateral. Tether, the…
Celsius Networks surprised the market by burning a significant portion of its CEL holdings, amounting to 652.2 million tokens, representing 94% of the previous supply. The token burn event sparked…
Alex Mashinsky, the former CEO of bankrupt Celsius Network has been arrested. His arrest also follows a lawsuit filed against the firm following investigations into its collapse. In recent news,…
Sources said that Celsius CEO Alex Mashinsky took trading matters into his hands while ignoring experts’ advice, additionally, he blocked the sale of GBTC shares back in September 2021 using…
As per Celsius lawyers, user accounts under the Celsius Earn Program have given up their legal right to Celsius. The embattled crypto lender asks users either to take cash at…
As of July 13, Celsius claims it has $765.5 million worth of digital assets in outstanding loans. The crypto lender’s bankruptcy filing reveals some shady details about its operations. A…
Complainant claims Celsius ran a Ponzi scheme to enrich itself. Celsius completes maker protocol loan repayment. On Thursday, a former employee of Celsius network instituted legal action against the crypto…
Celsius CEO Alex Mashinsky’s flight to Israel was reportedly halted by authorities at the airport. The company’s liquidation issues remain at large, with no solutions offered yet and investors not…
The investment bank’s plans to purchase the crypto lender’s assets through investor commitments are likely to be successful. Arthur Hayes believes Goldman Sachs won’t put its money into the deal.…
Celsius has suspended all social engagement to give more time to its liquidity issues. A blame game has erupted, in addition to a $20M reward for whistleblowers of the firm’s…
Celsius rival Nexo has offered to buy the former’s assets following its withdrawal freeze announcement. The news shows a growing trend in crypto platforms to absorb rivals’ clients during difficult…
DeFi giant Celsius has announced that it has paused withdrawals, swaps, and transfers until further notice. Just before the announcement, the company refuted claims of such happenings but still moved…
Tether faces more headwinds as one of its big customers, Celsius Network, confirms giving other cryptocurrencies as loan collaterals. The loan agreement varies depending on crypto volatility, Celsius Network says,…