Celsius Network Archives

Did Core Scientific engage in securities fraud? Pomerantz LLP intends to find out

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19 January, 2023

Did Core Scientific engage in securities fraud? Pomerantz LLP intends to find out

Core Scientific faces allegations of "securities fraud and other unlawful practices" that led to its share price tumbling, ultimately forcing...

BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network

Business

Steve Kaaru

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11 January, 2023

BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network

Core Scientific has been in dispute with the bankrupt Celsius Network over the mining rigs, with the lender owing $7.8...

Celsius owned the assets in Earn accounts, not the users, judge rules

Business

Steve Kaaru

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10 January, 2023

Celsius owned the assets in Earn accounts, not the users, judge rules

Pre-bankruptcy, Celsius held $4.2 billion for 600,000 users in Earn accounts, digital assets which the judge ruled it legally owns...

Celsius founder sued by NYAG as judge rules customer deposits belong to Celsius

Business

Jordan Atkins

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6 January, 2023

Celsius founder sued by NYAG as judge rules customer deposits belong to Celsius

Among Mashinsky's many sins, chief among them is his promise to prospective investors of high yields with minimal risk reassuring...

Editorial

Jerry Chan

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2 January, 2023

Farewell to 2022… Hello 2023!

2022 witnessed the dashing dreams of BTC loyalists who called for the price to hit $100k, given their infallible plan...

Celsius seeks to extend deadline for customers to file claims

Business

Steve Kaaru

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2 January, 2023

Celsius seeks to extend deadline for customers to file claims

Celsius set the initial deadline to January 3 but is now seeking to push it to early February, with those...

BlockFi seeks to reopen withdrawals, but there’s a catch

Business

Steve Kaaru

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22 December, 2022

BlockFi seeks to reopen withdrawals, but there’s a catch

The defunct digital asset lender will only reopen withdrawals for Wallet Accounts, and just as with Celsius, users with interest-earning...

Celsius Network ordered to return $44 million to customers

Business

Steve Kaaru

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12 December, 2022

Celsius Network ordered to return $44 million to customers

The $44 million was held in its custodial accounts, which, according to its Terms and Conditions, wasn’t under its ownership...

Celsius customers given until January 3 to file claims

Business

Steve Kaaru

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22 November, 2022

Celsius customers given until January 3 to file claims

Customers who fail to file their claims by January 3 may not be eligible for any distribution from the case...

Business

Gavin Lucas

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22 November, 2022

Bitcoin Historian Kurt Wuckert Jr. talks FTX collapse on FOX Business

Bitcoin influencer and historian Kurt Wuckert Jr. joined Lisa Kennedy on FOX Business to talk about the recent FTX collapse,...

Celsius requests to extend submission of reorganization plan as bankruptcy proceedings heat up

Business

Wahid Pessarlay

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15 November, 2022

Celsius requests to extend submission of reorganization plan as bankruptcy proceedings heat up

Celsius said that the reorganization process was more complex than anticipated, requiring a tentative approach to achieve success.

Was Celsius a Ponzi scheme? Federal judge orders probe

Business

Gavin Lucas

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4 November, 2022

Was Celsius a Ponzi scheme? Federal judge orders probe

A U.S. federal judge has ordered the examiner and the official committee of Celsius creditors to determine who would head...

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