Celsius bankruptcy – DIGIT INFO

Celsius token surges 300% a month after $2.5B payment to creditors

DIGIT — Tue, 24 Sep 2024 08:55:16 +0000

Celsius token skyrockets 300% a month after paying $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement.

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Celsius distributes $2.5B to 251,000 creditors amid bankruptcy proceedings

DIGIT — Tue, 27 Aug 2024 10:16:26 +0000

Over 121,000 Celsius creditors have yet to claim their funds, according to the Celsius bankruptcy administrator.

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Celsius creditors vote in favor of reorganization plan

DIGIT — Tue, 26 Sep 2023 00:14:11 +0000

The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors.

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Celsius Network files ‘adversary complaint’ against EquitiesFirst

DIGIT — Thu, 07 Sep 2023 02:30:12 +0000

Bankrupt crypto lender Celsius Network is attempting to recover assets from a private lender called EquitiesFirst Holdings, which reportedly owes $439 million in cash and crypto.

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‘Unjustly enriched:’ Core Scientific knocks back $4.7M claim from Celsius

DIGIT — Tue, 09 May 2023 05:09:09 +0000

Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it’s owed an even higher amount from the crypto lender.

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Celcius reportedly prepping litigation against creditor for leaking internal info

DIGIT — Sat, 15 Apr 2023 02:21:33 +0000

Creditor Tiffany Fong has argued that she hasn’t done anything wrong, asserting that she didn’t break any non-disclosure agreements by reporting on the leaked information.

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P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return

DIGIT — Tue, 04 Apr 2023 21:30:28 +0000

According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could not share the full story at this time. […]

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Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11

DIGIT — Thu, 16 Feb 2023 14:30:52 +0000

Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit the Chapter 11 bankruptcy process, and the new owners could begin distributing funds as early as June, […]

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New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud

DIGIT — Thu, 05 Jan 2023 19:49:44 +0000

On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, including more than 26,000 New Yorkers, out of billions of dollars worth of cryptocurrency.” Former […]

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People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses

DIGIT — Fri, 18 Nov 2022 19:30:26 +0000

Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT tokens […]

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