Celsius Network

The CEO of insolvent crypto lender Celsius Network (CRYPTO: CEL) Alex Mashinsky has filed a letter of resignation to the board of directors of his organization, according to a press release from a New York law firm on Tuesday. "I elected to resign my post as CEO of Celsius Network today....

There seems to be no end in sight for the Celsius Network drama. After filing for Chapter 11 bankruptcy, the crypto lending platform will now shift its business model to crypto custody services.  What Happened: According to a recording sent to the New York Times by Tiffany Fong...

Beleaguered cryptocurrency lender Celsius is attempting to return coins to a small number of users who have been locked out of their accounts. For around $50 million worth of cryptos that had been locked on the platform, the business requested a U.S. bankruptcy judge for permission to release the...

A retail-driven short squeeze pushed bankrupt cryptocurrency lender Celsius Network's (CRYPTO: CEL) native token up 25% on Monday. What Happened: CEL rallied from $1.44 to a high of $1.82 over 24 hours, as per data from Benzinga Pro. The token was up 21.89% against ...

Distressed cryptocurrency lending platform Celsius Network has filed for Chapter 11 Bankruptcy. What Happened: In a press release on Wednesday, the company said it had initiated voluntary petitions for reorganization in the United States Bankruptcy Court for the Southern District of...

Securities regulators in Texas and Alabama are expanding their investigations into the collapse of crypto platforms Voyager Digital (OTC: VYGVF) and Celsius Network. According to Bloomberg, the regulators are investigating if the crypto firms kept information hidden about their loans and...

With a significant downturn in the crypto market and extreme market conditions, Celsius Network suspended withdrawals from its platforms last week. In addition, it paused all swaps and transfers between the platform’s accounts.  The company has been in a terrible phase with...

“What’s in a name? That which we call a rose by any other name would smell just as sweet.” A beverage company might be wishing it didn’t share a name with a cryptocurrency platform after being mistakenly linked. What Happened: Shares of Celsius Holdings, Inc. (NASDAQ: CELH)...

Alex Mashinsky — the CEO of major crypto lending and interest-earning service Celsius Network (CRYPTO: CEL) — suggested this year both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) will see new all-time highs. What Happened: Mashinsky told...