#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 6 25.10.2022

Court approves asset auction schedule for Celsius Network

A federal bankruptcy judge approved the plan for Celsius Network asset auctions. Auctions could wrap up by the end of the year.

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ForkLog 9 21.10.2022

Crypto Custodian Prime Trust to Return $17 Million in Tokens to Celsius Network

The crypto custodian Prime Trust has agreed to return $17 million in tokens to the Celsius Network lending platform, which is undergoing restructuring. CoinDesk reports.

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ForkLog 4 19.10.2022

JPMorgan hires former Celsius Network executive

Former Celsius Network policy and regulatory affairs head Aaron Aiovin moved to JPMorgan, according to Bloomberg Law.

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ForkLog 5 17.10.2022

Celsius Network paid lawyers more than $3 million

From July 13 to July 31, the Celsius Network cryptocurrency-lending platform directed $3.35 million to pay for the services of law firms Kirkland and Ellis and Akin Gump for taking part in the restructuring process.

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ForkLog 15 07.10.2022

Celsius Network releases detailed data on user transactions

The crypto-lending platform Celsius Network published 14,000 pages of data containing the full name and timestamps for all user transactions, including deposits, withdrawals and liquidations.

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ForkLog 5 04.10.2022

Court sets Celsius Network deadline for asset sale

The Celsius Network asset sale will take place no later than 10:00 (ET) on October 20. This follows from the court's decision in the bankruptcy case of the crypto-lending platform.

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ForkLog 7 03.10.2022

Media: Celsius CEO Alex Mashinsky moved $10 million weeks before customer accounts were frozen

The CEO of the Celsius Network crypto-lending platform, Alex Mashinsky, moved $10 million a few weeks before customer accounts were frozen. The Financial Times reports, citing unnamed sources.

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ForkLog 13 30.09.2022

Celsius creditors sue Equities First to recover $439 million

The creditors' committee of the crypto-lending platform Celsius Network filed a lawsuit against Equities First seeking the return of $439 million.

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ForkLog 3 27.09.2022

Alex Mashinsky resigns as Celsius Network chief executive

The CEO of the Celsius Network crypto-lending platform, Alex Mashinsky, has submitted his resignation, effective immediately.

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ForkLog 6 22.09.2022

Celsius weighs wrapped-token issuance to repay debt

The restructuring plan for the Celsius Network crypto-lending platform includes the issuance of wrapped tokens. This was allegedly stated by the co-founder and CTO of the firm Nyuk Goldstein.

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ForkLog 6 16.09.2022

Celsius Network files motion to liquidate stablecoins

The crypto-lending platform Celsius Network, undergoing restructuring, filed a court request to liquidate stablecoins worth about $23 million.

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ForkLog 4 14.09.2022

Media reports that Celsius CEO plans to revive the company

CEO Celsius Network Alex Mashinsky, at a staff meeting on September 8, outlined a plan to rescue the company from bankruptcy. The New York Times reports.

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