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Celsius Sues KeyFi and Prime Trust For Millions of Dollars
In the most recent chapter of the Celsius bankruptcy case, the crypto lender is demanding that Prime Trust return $17 million in crypto assets, and is…
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Celsius Network
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Celsius Network
Market Analysis
Leaked Audio from Celsius Meeting Reveals Plan to Pivot into Custody Business
Celsius aims to reorganize its business as a crypto custody firm that would charge users for certain transactions.
Crypto
Crypto YouTuber BitBoy Sues Critic Calling Him Out on Paid Promotions
Crypto enthusiast and YouTuber BitBoy crypto filed a lawsuit against his peer Atozy who accused him of deceiving his audience into buying unpopular crypto.
Crypto
Reckless Trades by Celsius’ CEO Revealed Before Court Hearing
Celsius Network lost millions of dollars after the crypto lender's boss Alex Mashinsky took the control of its trading strategy earlier this year, overruling his team…
Crypto
Celsius’s Working Capital Will Dry Up By October: Filings Reveal
Celsius is not only short of $2.8 billion in crypto assets but would run out of cash by October as per court filings.
Crypto
How Uniswap Remained Defiant as CeFi Fell, and Where it’s Heading Now
When all said and done, it seems like the less trust needed, lesser the fallout in crypto.
Crypto
Celsius Estimates 1/3rd of its Loans to be Bad Debt
A new declaration by CEO Alex Mashinsky reveals one-third of the Celsius Network's total loans represent bad debt.
Crypto
User Funds Likely Lost as Celsius Network Declares Bankruptcy
Celsius' terms of services say users might not be able to recover their crypto used in the "Earn" service or as collateral in the event of…
Crypto
Celsius Pays Off Final Debt to Aave, but Vermont Regulator Warns of Insolvency
Celsius Network closed its debt to Aave after a final payment totaling $8 million in USDC.
Crypto
Celsius Repaid $183.6M to MakerDAO in July But Crypto Lender Still in Hot Water
Celsius Network has been repaying its debt to secure cash for resuming operations which currently still remain frozen.
Crypto
Goldman Sachs Plans to Raise $2B for Buying Celsius’ Assets if Firm Goes Bankrupt
Goldman Sachs reportedly aims to raise $2 billion to buy Celsius’ assets if company that once aimed to bank the unbanked goes bankrupt.
Crypto
CEL Hits $1.5 But “Short Squeeze” Gains Quickly Wiped Out
Celsius remains in red despite attempts by the community to orchestrate a short squeeze.
Crypto
Celsius Withdrawals Stay Blocked for 5th Day as Clients Fear Losing All Funds
If Celsius goes insolvent, users might not be able to recover their crypto used in the "Earn" service or as collateral.