#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 11 10.02.2023

Publisher pulls Alex Mashinsky’s book after Celsius bankruptcy

The book by former Celsius Network CEO Alex Mashinsky, scheduled for publication, has been withdrawn from sale.

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ForkLog 8 01.02.2023

Some Celsius users will be allowed to withdraw 94% of assets

A limited number of Celsius custody service users will be able to withdraw 94% of assets from the platform. This is stated in court documents.

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ForkLog 5 27.01.2023

Journalist names bidders for Celsius Network’s crypto assets

Bidders for the assets of the Celsius Network, which is undergoing bankruptcy proceedings, included Binance, Galaxy Digital, Bank to the Future, Cumberland and Novawulf. This was reported by Tiffany Fong.

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ForkLog 4 25.01.2023

Celsius proposes issuing a token to repay creditors

Celsius Network's ongoing bankruptcy proceedings are considering issuing a token to pay creditors' claims, according to Bloomberg.

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ForkLog 7 13.01.2023

Celsius Mining to Sell Equipment for $1.3 Million

The mining company Celsius Mining, a subsidiary of the Celsius Network crypto-lending platform, notified the bankruptcy court for the Southern District of New York about the sale of equipment.

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ForkLog 7 06.01.2023

New York attorney-general sues former Celsius CEO for defrauding investors

The New York State Attorney General's Office filed suit against former Celsius Network CEO Alex Mashinsky, accusing him of defrauding investors of billions of dollars.

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ForkLog 8 29.12.2022

Celsius Network seeks extension of creditor claims filing deadline

The Celsius Network crypto-lending platform, currently under bankruptcy proceedings, has requested the court to extend the creditors' claims filing deadline.

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ForkLog 9 08.12.2022

Bloomberg: Celsius to return about $43.87 million in crypto to custody-account holders

US bankruptcy court granted the motion by a group of holders of custody accounts on the Celsius Network crypto-lending platform to recover $43.87 million in digital assets. Bloomberg reports.

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ForkLog 6 06.12.2022

Celsius management seeks court permission to sell stablecoins

Celsius Network filed a petition seeking court approval to sell stablecoins to provide operating liquidity.

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ForkLog 9 21.11.2022

Expert flags flaws in Celsius’s accounting and custody controls

The bankrupt Celsius platform failed to establish adequate accounting and operational controls for handling client funds, according to independent expert Noda Pillay.

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ForkLog 5 10.11.2022

Celsius Seeks Extension of Deadline to File Reorganization Plan

The leadership of Celsius Network, the crypto-lending platform, filed a motion in bankruptcy proceedings for an extension of time to develop a reorganization plan.

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ForkLog 6 28.10.2022

Celsius bankruptcy trustee rejects $2.96 million employee bonus payout

The restructuring trustee at Celsius Network objected to the proposed $2.96 million bonus payout to part of the team for staying on. He cited the lack of sufficient information in the motion.

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