Tags: Celsius Network (CEL)

The court hearing marks the first in-person appearance for Mashinsky since February, as he looks to have charges against him dismissed.

Celsius has distributed 93% of the approved $3 billion in cash and crypto to more than 251,000 creditors across 165 countries.

Celsius’ $125 million Ethereum transfer is an attempt to bring creditors closer to timely distributions.

Celsius Network will move forward with its restructuring plan more than one year after filing for Chapter 11 bankruptcy.

Will Celsius be the first successful rebirth of a failed crypto platform, overcoming legal troubles and harsh developments?

Cohen, a mathematician and biologist, verified Celsius Network’s fair value as creditors approved $2B Bitcoin and Ethereum return.

The vast majority of Celsius creditors have voted in favor of the firm’s restructuring plan. 

Celsius Network reportedly owes $4.7 billion to over 100,000 creditors.

Coinbase Prime users have supposedly invested $57 million in the new lending program so far.

Prime Trust became the latest crypto-related organization to file for Chapter 11 bankruptcy protection.

The Israel-based GK8 was initially acquired by Celsius for $115 million in 2021.

Despite being pressed from all sides, Mashinsky managed to evade his stay in a correctional facility (at least for now).

A suspension of the fine was also granted in order to prioritize payments to creditors.

Celsius and Alex Mashinsky’s CEL token and Earn Program have been labeled unregistered securities by regulators.

StakeHound argued that it misplaced the keys tied to 35,000 Celsius ETH nearly two years ago due to which it was relieved of its obligation to return the assets in question.

The investigation launched by the CFTC in the wake of Celsius’ collapse has concluded, and a lawsuit may be in the wings.

The Ethereum validator enter queue has extended to a whopping 45 days. Here’s why.

The development marks the end of Celsius’ long-drawn bankruptcy auction.

In March, the company transferred to convert Wrapped Bitcoin (wBTC) tokens into Bitcoin.

Alex Mashinsky had previously denied allegations filed in the civil lawsuit against him. 

The Series B investors of Celsius were “well informed” of deficient record keeping, the court filing read.

An unnamed source disclosed that the new bidders are most likely to win the auction as they are established crypto operators.

The funds will be returned from Paxful’s reserves.

The settlement would also bar those who accept it from ulterior legal action against Celsius.