#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 7 08.09.2022

Vermont regulator accuses Celsius of deceiving investors and manipulating the CEL token

The crypto-lending platform Celsius Network misled investors about its financial condition. The company used the CEL token to bolster its balance sheet, and funds from new clients to meet obligations to existing ones, the Vermont Department of Financial Regulation said.

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ForkLog 7 01.09.2022

New class-action filed against Celsius in the United States

A group of custodial account holders at Celsius Network asked the bankruptcy court to allow withdrawals of their funds.

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ForkLog 11 24.08.2022

Celsius files lawsuits against DeFi contractor KeyFi and crypto custodian Prime Trust

Celsius Network has filed a counterclaim against former contractor KeyFi and its founder Jason Stone. The Block reports.

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ForkLog 6 19.08.2022

U.S. authorities raise ‘numerous questions’ for Celsius Network leadership

The U.S. Trustee's Office has a list of questions about Celsius Network's operations, the platform's financial condition, and the circumstances surrounding the bankruptcy filing, according to court documents.

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ForkLog 11 18.08.2022

Canada’s second-largest pension fund writes off CAD 200 million ($150 million) investment in Celsius

Canada's second-largest pension fund, Caisse de dépôt et Placement du Québec (CDPQ), booked a CAD 200 million write-off in Celsius Network, a crypto-lending platform. The Block reports.

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ForkLog 6 17.08.2022

Court approves Celsius sale of mined Bitcoin to cover operating expenses

The bankruptcy court approved Celsius Network's plans to sell mined Bitcoin to finance operating expenses. The Block reports this.

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ForkLog 6 17.08.2022

Media: Celsius Lost ‘Millions of Dollars’ Due to CEO Interference in Trading

Early this year, Celsius Network CEO Alex Mashinsky “took control of” the trading strategy of the crypto-lending platform and faced frictions within the team. This, according to sources familiar with the matter, is reported by the Financial Times.

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ForkLog 7 15.08.2022

‘Gap’ in Celsius Network balance sheet amounts to $2.85 billion

Liabilities of the crypto-lending platform Celsius Network exceed its assets by $2.85 billion, according to an updated valuation as of August 14.

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ForkLog 8 12.08.2022

Celsius Network creditors block sale of part of mined bitcoins

The Celsius Network creditors committee, during a bankruptcy court hearing, secured an injunction prohibiting the company from selling part of the mined bitcoins. Decrypt reports.

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ForkLog 13 29.07.2022

Celsius reports data breach linked to Customer.io compromise

The Celsius Network crypto-lending platform suffered a data breach caused by the compromise of the Customer.io email service. The company said so in an email.

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ForkLog 6 27.07.2022

Celsius to hire former CFO as adviser for bankruptcy proceedings

The cryptocurrency lending platform Celsius Network has filed a petition to appoint former chief financial officer Rod Bolger as an advisor for the bankruptcy proceedings.

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ForkLog 14 25.07.2022

U.S. class action filed against Celsius Network

The law firm Bragar Eagel & Squire, P.C., filed a class action in the District of New Jersey against the Celsius Network cryptocurrency-lending platform, according to a press release.

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