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The collapse of Celsius Network sent shockwaves through crypto lending, making Celsius news crucial for investors tracking bankruptcy proceedings and legal disputes. Once a major player in yield-generating crypto accounts, its downfall raised concerns about centralized lending risks. Ongoing developments continue to shape the future of lending platforms in crypto.
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Hundreds of investors asked a federal judge to impose a life sentence on Celsius CEO Alex Mashinsky for his role in the crypto lender’s 2022 collapse. Celsius Network investors are calling for a life sentence for co-founder and former chief…
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The total size of the crypto lending market fell to $36.5 billion in Q4 2024, down more than 40% from its all-time high in late 2021. The crypto lending market remained far from its former highs at the end of…
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Defunct crypto lender Celsius Network has filed an appeal notice after Judge John Dorsey dismissed the firm’s claim on FTX damages worth around $444 million, according to FTX creditor activist. Court documents showed crypto lending platform has filed a notice…
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Alex Mashinsky, the former CEO of the defunct Celsius Network, has failed to get two fraud charges dismissed from his indictment. A federal judge in New York ruled against Mashinsky’s motion, which alleged he manipulated the price of Celsius’s cryptocurrency,…
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Lawyers representing Alex Mashinsky have argued that he “did not intend to defraud or harm anyone” — and the claims he made in weekly videos to Celsius customers were done in good faith. What Celsius case is about? Celsius Network…
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Bankrupt lending platform Celsius has filed a lawsuit against Tether seeking 39,542 BTC. According to the lawsuit, the amount was collateral for a loan from the issuer of the Tether (USDT) stablecoin. Tether requested more collateral after the price of…
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The native token of the now-defunct Celsius Network, CEL, has recorded an impressive price surge following its massive token burn. On-chain data shows that Celsius burned over 94% of its total supply on April 30 — plunging from 695.65 million…
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Consultants overseeing the liquidation of Celsius Network LLC have demanded a return of $2 billion from significant clients.
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According to a new FBI report, crypto scams accounted for 86% of all investment fraud losses in the U.S., amounting to $3.94 billion.
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The founder of the cryptocurrency exchange FTX, Sam Bankman-Fried, said his former lawyers will no longer represent him before his sentencing. According to Reuters, lawyer Mark Mukasey will now join the legal team. He will represent his interests over the…
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Sam Bankman-Fried is set for a court appearance in New York today for the first time since his conviction in November.
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Former Celsius CEO Alex Mashinsky has chosen to be represented by the same legal team as FTX’s Sam Bankman-Fried against allegations of wire fraud and artificially inflating the company’s token value.
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Kirkland & Ellis — Celsius' legal counsel — shared an update on the creditor fund distributions outlined in the restructuring plan.
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Bankrupt crypto lender Celsius claims to have started paying its creditors up to $3 billion. According to the company’s press release, they are discussing the distribution of cryptocurrency and other assets worth $3 billion among the platform’s creditors. The payments…
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U.S. prosecutors have pushed back against former Celsius CEO Alex Mashinsky’s motion to dismiss two criminal charges brought against him.
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Core Scientific is emerging from Chapter 11 bankruptcy and will relist its shares. After a U.S. court confirmed its reorganization plan, mining company Core Scientific announced its readiness to exit bankruptcy proceedings. Core Scientific CEO Adam Sullivan said the confirmation…
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