Celsius Network

On April 25th, it was announced that US bankruptcy judge Martin Glenn has released a legal document regarding the Celsius Network and established a timeline, including estimates of

On April 23rd, the official committee of unsecured creditors of Celsius announced that the auction will be held on April 25th, with bidders including digital asset investment insti

According to reports, NovaWulf, a digital asset investment company, plans to take over all assets of the bankrupt cryptolending platform Celsius Network and transfer the remaining

According to reports, a court document indicates that the bankrupt cryptocurrency platform Celsius Network intends or may consider taking legal action against cryptocurrency blogge

According to reports, a court document indicates that the bankrupt cryptocurrency platform Celsius Network intends or may consider taking legal action against cryptocurrency blogge

According to reports, the bankrupt cryptocurrency lender, Celsius Network, announced that it will advance its Chapter 11 restructuring plan and provide a disclosure statement conta

According to reports, developer Cam Crews has compiled an online chart detailing the lawyer and consultant fees Celsius will need to pay in bankruptcy proceedings. According to data, the related expenses reported by the Celsius Network to the court have reached 102 million US dollars, and it is expected to still pay 42 million US dollars, totaling 144 million US dollars. These fees will flow to more than ten legal service agencies, of which Kirkland Ellis is expected to receive $48.8 million. （Cointelegraph） Interpretation of this information: The message reports…

According to reports, the Celsius Network said on Twitter that it had submitted an update on the cash management system. Celsius believed that all requests for transferring funds from the Signature Bank would be met without any loss of funds. Celsius would also continue to strive to maximize the security of cash and cryptocurrency holdings, and would provide any other updates to the court and all stakeholders when necessary. Celsius will work with consultants to transfer funds from Signature Bank to other approved authorized custodians in accordance with the U.S….

It is reported that Arkham Intelligence said in a report that the current Celsius Network operating under bankruptcy protection has established an encrypted wallet, which contains $25 million of digital assets for withdrawal by the holders of Celsius custody accounts. The wallet’s assets include USD 10.39 million, ETH 8.8 million, counterfeit currency 4.31 million and other stable currencies 1.57 million, including Binance USD, DAI, Paxos dollar and Gemini USD. Interpretation of this information: The recent report from Arkham Intelligence about the current Celsius Network under bankruptcy protection reveals that the…

It is reported that the bankruptcy court judge Martin Glenn ruled on Wednesday that Celsius Network should continue to have the exclusive right to formulate an exit plan before the end of March. Judge Glenn said that sufficient progress had been made in preparing the transaction with the new company NovaWulf to establish a new recycling company. The court for the Southern District of New York was informed that agreeing to the transaction might mean that the cryptocurrency lending institution would withdraw from bankruptcy protection before the end of June….

On March 9, Chris Koenig, a lawyer of Celsius Network, revealed at a hearing in the Manhattan Bankruptcy Court on Wednesday that although the asset management company NovaWulf Digital Management had made an offer, the company was still open to a better offer, and it and its creditor committee met with a potential buyer two days ago to review the alternatives. Interpretation of this information: The news that NovaWulf Digital Management made an offer for the asset management company, Celsius Network, was revealed on March 9th. However, the hearing in…

It is reported that Simon Dixon, CEO and co-founder of the online investment platform BnkToTheFuture, accused Celsius Network of “stealing” more than 289 Bitcoins (worth $8.8 million) of its own, while the previous loan application has not even been approved. He also mentioned that Alex Mashinsky, co-founder of Celsius, was involved in embezzlement of his own funds. Interpretation of this information: The online investment platform BnkToTheFuture’s CEO and co-founder, Simon Dixon, is accusing Celsius Network of stealing over 289 Bitcoins valued at $8.8 million, even though the previous loan application…

On February 15, it was reported that the debtor of Celsius Network had submitted a sale plan to the United States Bankruptcy Court for the Southern District of New York. This plan is part of the overall restructuring plan of the retail platform and mining business of Celsius. The core is to reach a principled agreement with NovaWulf Digital Management, a digital asset investment company, to sell the retail platform and mining business of Celsius to NovaWulf. Interpretation of this information: The recent news regarding Celsius Network’s debtor submitting a…

On February 15, the crypto lending platform Celsius Network tweeted that the withdrawal of distributable assets in some custody accounts was about to be restarted, and Celsius began to notify eligible users to take the necessary steps to withdraw. Eligible users will also receive specific information about gas and transaction costs related to cash withdrawal activities. Qualified users who do not have enough assets in their accounts to pay these fees will not be allowed to withdraw their assets. Eligible users are expected to receive e-mails from Celsius and notifications…

It is reported that according to Paidun monitoring, Alex Mashinsky, the former CEO of the encryption and lending platform Celsius Network, has sold 90000 CELs with 480000 USDCs in the past four days and transferred them to Coinbase (about $474700). Interpretation of this information: The recent sale of 90,000 CELs with 480,000 USDCs by Alex Mashinky, the former CEO of Celsius Network, has sparked interest among cryptocurrency enthusiasts. Some believe that this is indicative of a larger trend of industry insiders selling their cryptocurrency holdings, while others argue that it…