News with the tag "Celsius crypto"

Alexander Mashinsky , the former CEO of the now-bankrupt cryptocurrency lender Celsius, has pleaded guilty to two counts of fraud, facing a potential maximum sentence of 30 years in prison. This development comes in the wake of multiple charges filed by the US Department of Justice (DOJ), which orig...

Bankrupt crypto lender Celsius Network has completed the payouts to two-thirds of the creditors despite the challenges of the distribution process. In its first report, the plan administrator detailed the status of the distribution plan and the following steps for the repayment process. Related Read...

According to a Bloomberg report, Celsius Network, the crypto platform that filed for bankruptcy in July 2022, demands that major customers who collectively withdrew over $2 billion before the bankruptcy return those funds to avoid potential litigation. An oversight committee formed during Celsius’s ...

Bankrupt cryptocurrency lending company Celsius Network has followed behind FTX, revealing plans to disburse billions of dollars in crypto to creditors and establish a new Bitcoin mining company for its creditors. Celsius To Distribute $3 Billion In Crypto To Creditors In a press release published o...