Celsius Network

Alex Mashinsky, the founder and former CEO of the now-collapsed cryptocurrency lender Celsius Network, was sentenced to a 12-year prison term for securities and commodities fraud on Thursday. What Happened: The sentencing was delivered by U.S. District Judge John Koeltl in Manhattan...

In a significant development for the distressed crypto lender Celsius Network LLC (CRYPTO: CEL), a bankruptcy court has sanctioned its proposal to reorganize into a Bitcoin (CRYPTO: BTC) mining business owned by creditors. This strategy is designed as part of a comprehensive scheme to settle the...

Bankrupt crypto lender Celsius (CRYPTO: CEL) sought approval regarding the distribution of funds from its sale of the self-custody platform GK8. On July 17, the debtors of the Celsius Network filed a document stating that its Series B holders have reached a consensus to distribute $25 million from...

In a major development, Alexander Mashinsky, the founder and former CEO of Celsius Network (CRYPTO: CEL), has been arrested on charges of securities fraud, commodities fraud and wire fraud. What Happened: The charges, brought forth by the United States Attorney for the Southern District...

The Commodity Futures Trading Commission (CFTC) has found that the now-defunct crypto lender Celsius Network (CRYPTO: CEL) and its previous CEO, Alex Mashinsky, violated U.S. regulations prior to the company's collapse. If the CFTC's commissioners concur with these findings, a lawsuit could...

Crypto exchange FTX (CRYPTO: FTT) is actively seeking to reestablish its principal international exchange platform. This initiative comes in the wake of the company's turmoil due to allegations regarding the loss of nearly $9 billion of client funds before it crumbled last year. John J. Ray III...

Cryptocurrency consortium Fahrenheit won the auction for bankrupt lender Celsius Network (CRYPTO: CEL). The consortium is required to secure the deal with a $10 million deposit within the next three days, as per the court documents filed early Thursday morning. Previous evaluations had estimated...

Major coins traded in the green on Sunday as investors continue to evaluate the macroeconomic conditions and uncertainties within the cryptocurrency industry. Cryptocurrency Gains (+/-) Price (Recorded 9:30 p.m. EST) Bitcoin (CRYPTO: BTC) +0.89% $27,891 Ethereum (CRYPTO: ETH) +1.20% $1,883...

Enterprise-software company MicroStrategy Inc (NASDAQ: MSTR), the largest publicly traded Bitcoin (CRYPTO: BTC) holder, might consider participating in futures contracts on CME Group's marketplace to generate yield, according to Michael Saylor, MicroStrategy's co-...

Amid the ongoing bankruptcy proceedings, Celsius Network (CRYPTO: CEL) has announced a plan to rebrand as a publicly traded recovery corporation. The crypto lender's lawyers stated that if the plan is approved, creditors with assets above an unspecified threshold would receive the Asset...

A U.S. bankruptcy court judge on Wednesday declared that certain users of Celsius Network (CRYPTO: CEL) were entitled to get their deposits back. What Happened: U.S. bankruptcy judge Martin Glenn was presiding over the crucial inquiry of who holds the cryptocurrency assets...

Mike Novogratz led cryptocurrency-focused financial-services firm Galaxy Digital Holdings (OTC: BRPHF) on Friday announced it has won an auction to acquire digital asset custody platform GK8 from Celsius Network. Galaxy stated that it intends to support GK8's ongoing operations in offering self...

A New York bankruptcy judge expanded the scope of the investigation in the Celsius Network (CRYPTO: CEL) bankruptcy case, as the company’s clients demanded an inquiry into the activities of the cryptocurrency lender. Judge Martin Glenn of the U.S. Bankruptcy Court directed the court-appointed...

Core Scientific (NASDAQ: CORZ) stock nose-dived by nearly 77% after it warned shareholders of a potential bankruptcy if it failed to improve its financial condition. The company, one of the world’s largest Bitcoin (CRYPTO: BTC) miners, told shareholders that it can't pay off its debt and...

Crypto exchange FTX, owned by billionaire Sam Bankman-Fried, is circling beleaguered lending company Celsius, according to a Bloomberg report citing an unnamed source. It was not immediately clear whether Bankman-Fried would bid for some or all of Celsius' assets, a “person familiar with...