Defunct crypto lender Celsius Network has appealed a recent court ruling that dismissed its $444 million damages claim against FTX, according to activists representing FTX creditors. According to court filings, Celsius initially sought up to $2 billion in damages, accusing FTX officials of making “unsubstantiated and disparaging statements” about its ...
CEL, the native token of Celsius Network, has reportedly surged in value by 300% just one month after making a $2.5 billion payment to over 250,000 creditors. According to data from Coingecko, CEL was valued at $0.16 on August 26, 2024, and then rose to $0.56 by September 23, 2024, ...
Fahrenheit, a consortium comprised of venture capital firm Arrington Capital and crypto miner U.S. Bitcoin Corp, emerged as the winning bidder for the insolvent cryptocurrency lender Celsius Network after a lengthy auction process. The deal includes several Celsius Network assets estimated to be worth around $2 billion. According to the ...
