Celsius Network Archives

Tether sued for $3.5 billion for liquidating Celsius loan collateral

Business

Steven Stradbrooke

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13 August, 2024

Tether sued for $3.5 billion for liquidating Celsius loan collateral

The lawsuit seeks to reclaim BTC tokens that Celsius sent to Tether as collateral for loans of the USDT, which...

What do Celsius Network, Paxful, Tether and Northern Data have in common?

Business

Steven Stradbrooke

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10 July, 2024

What do Celsius Network, Paxful, Tether and Northern Data have in common?

One of Celsius's bankruptcy casualties involved the Paxful digital wallet, and several months after Celsius blew up, Tether made a...

Celsius customers getting paid, FTX customers in limbo as 2022 hack suspects ID’d

Business

Steven Stradbrooke

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2 February, 2024

Celsius customers getting paid, FTX customers in limbo as 2022 hack suspects ID’d

While Celsius emerges from bankruptcy, FTX seems close to solving the $400 million hack in its platform after the arrest...

Hut 8 to build 215MW mining site in Texas as part of Celsius reorg plan

Tech

Steve Kaaru

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22 December, 2023

Hut 8 to build 215MW mining site in Texas as part of Celsius reorg plan

The new site in Cedarvale, Texas, will host 66,000 mining rigs, with construction set to start in a few weeks;...

Celsius Network reorganization plan focuses on BTC mining

Business

Steve Kaaru

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24 November, 2023

Celsius Network reorganization plan focuses on BTC mining

Celsius says it has had dialogues with the Securities and Exchange Commission, which had publicly opposed its previous reorganization plan...

Celsius bankruptcy plan approved in New York

Business

Jordan Atkins

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13 November, 2023

Celsius bankruptcy plan approved in New York

The New York Bankruptcy Court has cleared Celsius' restructuring plan, unlocking around $2 billion worth of digital assets to be...

Alex Mashinsky trial set for September 2024 as Celsius proposes customer refunds by year-end

Business

Steve Kaaru

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5 October, 2023

Alex Mashinsky trial set for September 2024 as Celsius proposes customer refunds by year-end

Lawyers of Alex Mashinsky hinted they would argue digital assets are not securities amid a proposed plan to revive Celsius...

Celsius creditors approve restructuring, but SEC balks at Coinbase’s role

Business

Steven Stradbrooke

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27 September, 2023

Celsius creditors approve restructuring, but SEC balks at Coinbase’s role

The U.S. Bankruptcy Court for the Southern District of New York was informed that Celsius's rank-and-file creditors had voted in...

Former Celsius exec strikes deal, agrees to testify against CEO Alex Mashinsky

Business

Steven Stradbrooke

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19 September, 2023

Former Celsius exec strikes deal, agrees to testify against CEO Alex Mashinsky

Roni Cohen-Pavon has entered a plea of guilty to charges of securities fraud, wire fraud, manipulation of security prices and...

SEC’s Gary Gensler gets praise and criticism at Senate Banking Committee hearing

Business

Jordan Atkins

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13 September, 2023

SEC’s Gary Gensler gets praise and criticism at Senate Banking Committee hearing

A recent hearing at the Senate Banking Committee saw Gary Gensler grilled on the SEC's track record, highlighting contrasting attitudes...

Celsius ex-CEO Alex Mashinsky’s home, assets frozen amid ongoing legal battles

Business

James Field

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8 September, 2023

Celsius ex-CEO Alex Mashinsky’s home, assets frozen amid ongoing legal battles

A U.S. District Court has ordered Celsius CEO Alex Mashinsky's assets to be "restrained" as he deals with multiple criminal...

Celsius Network victims could see funds before end of 2023: WSJ

Business

Gavin Lucas

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25 July, 2023

Celsius Network victims could see funds before end of 2023: WSJ

Approval for the settlements will see court on August 10, paving the way for 30K claims worth $78 billion to...

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