#Celsius Network

Celsius is a platform for cryptocurrency deposits and loans. It ceased operations in June 2022 due to the crypto winter and a failed investment strategy.

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ForkLog 8 13.07.2023

US authorities arrest former Celsius chief executive

On 13 July, US law enforcement detained the former Celsius chief executive Alex Mashinsky.

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ForkLog 6 12.07.2023

Celsius seeks return of $150 million from StakeHound platform

The Celsius Network, which is undergoing bankruptcy proceedings, accused LSD-platform StakeHound of breaching obligations regarding token placements totaling about $150.3 million.

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ForkLog 7 06.07.2023

Celsius moved about $74 million in altcoins to convert to Bitcoin and Ethereum

The bankrupt Celsius Network moved about $74 million in altcoins to convert them into Bitcoin and Ethereum as part of creditor settlements.

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ForkLog 4 15.06.2023

Celsius to return creditors’ funds in Bitcoin and Ethereum

Creditors in the Celsius Network bankruptcy proceedings are converting altcoins into Bitcoin and Ethereum. The proposal has been filed with the court by the platform's debtors.

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ForkLog 6 26.05.2023

Fahrenheit consortium wins Celsius asset auction

The Fahrenheit group has won the bid to manage the assets of the bankrupt Celsius Network.

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ForkLog 7 16.05.2023

Celsius moves $776m of stETH ahead of Lido v2 launch

The bankrupt Celsius Network transferred 428,015 stETH (~$776.5 million) amid the rollout of Lido Finance's liquid-staking platform's second version of the protocol.

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ForkLog 4 15.05.2023

Celsius transfers $74.3 million in Ethereum to Figment staking service

The crypto-lending platform Celsius Network transferred 40,928 ETH (about $74.37 million) to the account of the institutional-oriented staking service Figment.

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ForkLog 7 24.04.2023

Journalists reveal Gemini and Coinbase involvement in Celsius asset auction

Bitcoin exchanges Gemini and Coinbase have become bidders in the auction for the assets of the Celsius Network platform undergoing bankruptcy proceedings. It is scheduled for April 25.

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ForkLog 5 17.04.2023

Kingdom of Bhutan Allocated Part of Its Reserves to Buy Cryptocurrency

Bhutan's sovereign investment fund Druk Holding & Investments, with assets of $2.9 billion, was a client of the bankrupt BlockFi and Celsius. This follows from court documents, Forbes reports.

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ForkLog 9 03.03.2023

Celsius Custody clients gain ability to withdraw assets after 263-day freeze

On March 2, some users of the Celsius Custody custody service began withdrawing funds from frozen accounts, but faced delays in processing requests.

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ForkLog 9 02.03.2023

Celsius creditors approve NovaWulf plan to recover 70% for small depositors

The creditors committee of the Celsius Network crypto-lending platform has agreed with NovaWulf Digital Management's debt settlement proposal. It is expected that clients with deposits under $5,000 will recover 70% of their funds, The Block reports.

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ForkLog 5 10.02.2023

Celsius Network offers ASIC-miner vouchers to raise $14 million

The bankrupt Celsius Network plans to realise $7.4 million in Bitmain mining-purchase vouchers and $7 million in loans before their expiry, according to temporary chief operating officer Christopher Ferraro, CoinDesk reports.

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