Luxor refutes claims its Bitcoin hashrate-backed product is BlockFi, Celsius 2.0
“The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed. Go to Source
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CME Bitcoin futures hit record high, but uncertainty looms above $36K
CME Bitcoin futures hit a 2-year high, but options market data reflects investors’ hesitancy. Go to Source
Alex Mashinsky’s jury trial scheduled for September 2024
According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings. Go to Source
Celsius seeks court approval to start repaying customers by year-end
The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023. Go to Source
Celsius valuation advisor approves value of debtors’ assets and liabilities
Stout Risius Ross, LLC, the valuation advisor for Celsius Network confirmed the accuracy of the bankrupt firm’s valuation report. Go to Source
SEC raises concerns over Coinbase in objection to Celsius restructuring plan
Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC’s reasoning in its Sept. 22 objection. Go to Source
Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan
Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches last year. Go to Source
Celsius and Core Scientific propose $14M settlement for litigation
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million. Go to Source
Former Celsius exec pleads guilty to criminal charges
Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing. Go to Source
Former Celsius CEO Mashinsky seeks dismissal of FTC case
Former Celsius CEO is currently out on bail facing multiple charges of criminal fraud and market manipulation from various U.S regulatory agencies. Go to Source
