Shoba Pillay – DIGIT INFO

Celsius had ‘insufficient’ accounting and operational controls, says examiner

DIGIT — Mon, 21 Nov 2022 03:56:03 +0000

The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11.

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A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache

DIGIT — Sat, 29 Oct 2022 20:00:53 +0000

A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew of securities regulators filed on Sept. 29. Creditors Object […]

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State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins

DIGIT — Fri, 30 Sep 2022 14:00:23 +0000

As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas filed objections to the crypto lender accessing the company’s stablecoin cache. 15 days prior […]

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