Over $2.53 billion has been distributed to approximately 251,000 creditors by the Celsius Network bankruptcy administrator, signifying a key advancement in one of the largest crypto bankruptcy cases. Major Distribution…
Bankrupt crypto lender Celsius Network has completed the payouts to two-thirds of the creditors despite the challenges of the distribution process. In its first report, the plan administrator detailed the…
The bankrupt cryptocurrency lender Celsius Network has released its first status report on creditor distributions, revealing that affected parties have received over $2.53 billion in liquid crypto and cash. According…
Bankrupt crypto lender Celsius Network has initiated legal proceedings against Tether, the company behind the USDT stablecoin. The lawsuit, which was filed concerning a contract dispute dating back to 2022,…
Defunct crypto lender Celsius has filed a lawsuit against Tether, accusing the stablecoin issuer of asset misappropriation. This move comes amidst the recent attempts by the cryptocurrency company, who declared…
According to a Bloomberg report, Celsius Network, the crypto platform that filed for bankruptcy in July 2022, demands that major customers who collectively withdrew over $2 billion before the bankruptcy…
United States Prosecutors have called for a comprehensive examination of the cases involving former Chief Executive Officer (CEO) of Celsius, Alex Mashinsky, and FTX founder and former CEO, Sam Bankman-Fried.…
Pullix (PLX) is providing solace for investors who are seeking new alternatives amidst the Celsius (CEL) bankruptcy ordeal. In a recent development, the crypto lending protocol reportedly executed a substantial…
Bankrupt cryptocurrency lending company Celsius Network has followed behind FTX, revealing plans to disburse billions of dollars in crypto to creditors and establish a new Bitcoin mining company for its…
Celsius Network has announced emerging from bankruptcy, concluding an eighteen-month process with the confirmation of its plan of reorganization. The agreement includes the distribution of a $3 billion payout to…
