Celsius customers – DIGIT INFO

Court docs reveal details about thousands of Celsius customers

DIGIT — Fri, 07 Oct 2022 06:16:56 +0000

The data of thousands of Celsius customers revealed in court also included its executives showing millions withdrawn from the platform in the weeks before it was suspended to the public.

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Celsius founder reportedly withdrew $10M before bankruptcy filing: FT

DIGIT — Mon, 03 Oct 2022 01:51:50 +0000

The details of the withdrawal will reportedly be part of upcoming court filings, and it’s possible the founder and former CEO of the crypto platform could be forced to pay it back.

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Bankrupt Crypto Lender Celsius Seeks to Reopen Withdrawals for Specific Customers

DIGIT — Fri, 02 Sep 2022 17:30:40 +0000

Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody account holders. Reportedly, the Celsius custody accounts did not participate in the earn and borrow program. A court hearing concerning the matter of relief will […]

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Report: Celsius CEO Accused of Controlling Crypto Company’s Trading Scheme and Placing Bad Bets

DIGIT — Tue, 16 Aug 2022 22:30:33 +0000

According to a recent report published on Tuesday, the Israeli-American founder and CEO of Celsius Network, Alex Mashinsky, was in charge of the company’s trading strategy. The report, citing multiple people familiar with the matter, said Mashinsky sold millions of dollars’ worth of bitcoin in anticipation to buy bitcoin cheap. Except after the CEO allegedly […]

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Ripple Labs Is ‘Interested’ in Bankrupt Crypto Lender Celsius and Its Assets, Company Spokesperson Says

DIGIT — Thu, 11 Aug 2022 08:30:55 +0000

According to a Ripple Labs spokesperson, the distributed ledger company is interested in learning about the bankrupt crypto lender Celsius and its assets. When Ripple’s spokesperson was asked if the blockchain firm was interested in acquiring Celsius, the company declined to say. The news follows Celsius customers begging the bankruptcy court to release funds over […]

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Bankrupt Crypto Firm Voyager Digital Approved to Release $270 Million in Cash Deposits

DIGIT — Fri, 05 Aug 2022 18:30:44 +0000

The now defunct and bankrupt Voyager Digital has been approved by the court to distribute $270 million in funds to creditors and affected customers. The news follows the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board ordering Voyager to remove any statements that allege Voyager is FDIC insured. The U.S. Bankruptcy Court in […]

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Celsius Clients Beg Bankruptcy Court to Release Crypto, One Customer Needs Funds to ‘Put Food on the Table’

DIGIT — Thu, 28 Jul 2022 21:48:40 +0000

After the crypto lender Celsius filed for bankruptcy protection on July 13, the company recently contacted customers and explained that an employee from one of the firm’s vendors accessed a list of Celsius client emails, and the email addresses were “transferred to a third party.” Furthermore, Celsius customers have written to the court begging to […]

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Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

DIGIT — Sat, 25 Jun 2022 19:30:34 +0000

After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire the bankruptcy and restructuring law firm Akin Gump […]

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Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’

DIGIT — Thu, 16 Jun 2022 19:30:50 +0000

According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help the company find “potential financing.” Sources Say Celsius Is Looking for […]

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Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship

DIGIT — Wed, 15 Jun 2022 05:30:42 +0000

Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys is one of the first stages of fixing a company’s financial hardship by essentially attempting to avoid insolvency. […]

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