Celsius, the bankrupt crypto lending platform, has announced that it will distribute an additional $127 million to its creditors. This marks the second payout from its estate since its collapse. The payment will be funded through the "Litigation Recovery Account" and available to creditors in classes 2, 5, 7, 8, ...
Celsius Network announced plans on Monday, November 20, 2023, to pivot its operations and establish a new publicly traded Bitcoin mining company that will be owned by its customers. This decision follows feedback from the Securities and Exchange Commission (SEC) concerning specific aspects of Celsius's recently confirmed Chapter 11 bankruptcy ...
The Bank of the Future (BF) has determined that should the prices of Bitcoin (BTC) and Ether (ETH) double from their present values, Celsius will be fully capable of repaying all its outstanding claims while retaining its other assets. In May 2023, Celsius finalized an agreement with Fahrenheit Group, the ...
Bankrupt cryptocurrency lender, Celsius, has submitted an updated bankruptcy filing and is court seeking clearance for its reorganization plan from a bankruptcy court in New York. Celsius will be selling all altcoins from all customers (except Custody and Withhold accounts) starting July 1st and will be converting them into Bitcoin ...
The Creditors of Celsius Network have claimed that some FTX users were involved in dubious transactions that might have influenced the price of the Celsius (CEL) token in 2022. On April 26, 2023, the creditors, represented by a committee, filed court documents requesting subpoenas to obtain information from FTX to ...
