Tagged: celsius network

CFTC Files Suit Against Celsius and Founder Alex Mashinsky

The Commodity Futures Trading Commission (CFTC) has joined the SEC in filing a civil complaint against Celsius Network and its founder and former CEO Alex Mashinsky. Criminal charges were filed by the US Department of Justice as well in a trifecta of legal action against… Read More

SEC Files Charges Against Celsius Network and Founder Alex Mashinsky

The Securities and Exchange Commission (SEC) has filed charges against Celsius Network and its founder and former CEO, Alex Mashinsky. At the same time, the US Department of Justice has filed criminal charges against Celsius, Mashinsky and former Chief Revenue Officer Roni Cohen-Pavon. The SEC… Read More

Celsius Network, Founder Alex Mashinsky and Former CRO Criminally Charged with Fraud, Mashinsky Arrested

Alex Mashinsky Arrested Today. The founder and former CEO of Celsius Network, Alex Mashinsky, and the former Chief Revenue Officer of Celsius, Roni Cohen-Pavon have been charged by the US Department of Justice with defrauding customers and manipulating the market for the Celsius token. Celsius… Read More

Crypto Failures Report: Digital Asset Platforms Lost Record $15.5 Billion in 2022

You may quibble about totals, but the value lost in digital assets during 2022 was pretty enormous. If you exited at the end of 2021 – congratulations. If you remained invested or HODLed. Sorry. On top of that, multiple centralized crypto platforms imploded, and the… Read More

New York Attorney General Files Lawsuit Against Alex Mashinsky, Founder of Celsius Network

  New York Attorney General Letitia James has filed a lawsuit against the beleaguered founder and former CEO of Celsius Network, Alex Mashinsky. Celsius is in the midst of bankruptcy proceedings. Once a high-profile crypto executive, Mashinsky exited the firm this past September. According to… Read More

Sorry. You Put Money Into Celsius Earn, You Gave it Away. Court Ruling Crushes Hopes of Impacted Investors

Celsius Network, once a high-flying digital asset platform that promised incredible returns for its investors, is meandering its way through the bankruptcy process as the platform collapsed last year. Yesterday, the courts published an Opinion that Celsius Earn investors will not like. Last June, Celsius… Read More

Consumer Financial Protection Bureau (CFPB) Takes Action Against Loan Doctor Who Placed Some Funds into Now Bankrupt Celsius [u]

The Consumer Financial Protection Bureau (CFPB) has taken action against Edgar Radjabli, operator of Loan Doctor, who allegedly took customer funds and placed them in risky ventures like Celsius Network – a crypto yield platform that is now bankrupt. The complaint filed by the CFPB… Read More

Celsius Network Files Document Reminding Borrowers they Should Repay Loans But Don’t Have to Right Now

Celsius Network, a crypto yield and lending platform that is going through bankruptcy proceedings, has filed a document with the courts reminding borrowers they should repay outstanding loans but these outstanding debts and repayments are not currently being enforced. Celsius tweeted yesterday that the filed… Read More

Alex Mashinsky, Celsius CEO, Resigns

In a brief corporate statement, Alex Mashinsky, founder and CEO of Celsius Network, has resigned from the firm, effective immediately. Celsius is one of the crypto firms that grew rapidly providing incredible returns to investors via its crypto lending/yield platform, only to collapse in the… Read More

Filing in Celsius Bankruptcy Case Seeks to Permit Withdrawals for Some Customers

Celsius Network has emerged as another emblematic platform reflecting the hubris of certain crypto firms in promising more than they can actually deliver. Celsius collapsed into Chapter 11 bankruptcy during a time of dramatic volatility, catalyzed by the collapse of TerraUSD, a stablecoin that ended… Read More

Ripple Labs Inc Is Reportedly Looking into Acquiring Assets of Bankrupt Crypto Lender Celsius

San Francisco’s blockchain payments Fintech Ripple Labs Inc, which is currently involved in an extensive legal battle with the US Securities and Exchange Commission (SEC), is reportedly interested in acquiring the assets of bankrupt cryptocurrency lending platform Celsius Network. This, according to statements shared by… Read More

Celsius Hearing Outlines Collapse in Value, Users May Now File for a Claim

Celsuis held its first hearing in bankruptcy court, publishing a presention that highlights the grim decline in value of its crypto holdings in just a few weeks. According to a presentation, as of March 30, 2022, Celsius helld over $22 billion in assets. That amount… Read More

Celsius Bankrupt. Files for Chapter 11

Celsius Network, at one time one of the most popular crypto yield and lending platforms, has filed for bankruptcy protection under chapter 11, thus removing all speculation as to whether or not the platform could reanimate itself during a collapse in crypto valuations. Celsius effectively… Read More

Celsius Posts Opaque Update: No Resolution Yet

Yesterday, Celsius Network, a large crypto lender and yield platform that abruptly halted all withdrawals recently, posted an update of sorts. While disclosing very little, Celsius shared the following comment on its blog: “Across Celsius today, we are focused and working as quickly as we… Read More

Celsius Network Is Now Supporting Avalanche (AVAX) Token Purchases

The team at digital assets platform Celsius Network notes that since their goal is to bring the next 100 million consumers to crypto, they are constantly looking to offer (what they consider to be) the “best” experiences and “opportunities” for their community. This reportedly includes looking… Read More

Celsius Network Confirms Badger Attack but No Client Funds Were Stolen

It was a tough couple of weeks for Celsius Network. Celsius is a neobank platform that touts its ability to generate returns on parked crypto. Currently, Celsius is promoting potential returns of over 17%. As was widely rumored, Celsius Network was impacted by the Badger… Read More

Reports of Celsius Network’s CFO Arrest Raise More Questions

Last week, it was widely reported that Yaron Shalem, CFO of Celsius Network,  was allegedly arrested in Israel along with other individuals. Via Twitter, Celsius confirmed that an unnamed employee had been “suspended” while stating they have verified that no assets were misplaced or mishandled. … Read More

Digital Asset Platform Celsius Network Delivers Over $1B in Yield to its Community

Celsius Network, the international cryptocurrency earning and borrowing platform, announced it has paid over $1 billion in digital assets to its community of 1.2 million users – “marking the most yield paid out to users by any crypto platform.” The announcement also mentioned that Celsius… Read More

Digital Asset Platform Celsius Network Secures $400M in Capital from WestCap, Others

Celsius Network, the international digital currency earning and borrowing platform, reveals that it has finalized a $400 million investment that was led by WestCap, a growth equity company, as well as Caisse de dépôt et placement du Québec (CDPQ), a global investment group. The transaction… Read More

Celsius Network Unveils Web-Based Application For Corporate & Institutional Financial Services

  Celsius Network, a cryptocurrency lending and borrowing platform, recently announced the launch of its web-based application for its financial services. While sharing more details about the launch, Nuke Goldstein, CTO of Celsius, stated: “The Celsius team of talented designers, developers, devops, and testers were… Read More

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