Celsius News

The native token of the now-defunct Celsius Network, CEL, has recorded an impressive price surge following its massive token burn. On-chain data shows that Celsius burned over 94% of its total supply on April 30 — plunging from 695.65 million…

Consultants overseeing the liquidation of Celsius Network LLC have demanded a return of $2 billion from significant clients.

According to a new FBI report, crypto scams accounted for 86% of all investment fraud losses in the U.S., amounting to $3.94 billion.

The founder of the cryptocurrency exchange FTX, Sam Bankman-Fried, said his former lawyers will no longer represent him before his sentencing. According to Reuters, lawyer Mark Mukasey will now join the legal team. He will represent his interests over the…

Sam Bankman-Fried is set for a court appearance in New York today for the first time since his conviction in November.

Former Celsius CEO Alex Mashinsky has chosen to be represented by the same legal team as FTX’s Sam Bankman-Fried against allegations of wire fraud and artificially inflating the company’s token value.

Kirkland & Ellis — Celsius' legal counsel — shared an update on the creditor fund distributions outlined in the restructuring plan.

Bankrupt crypto lender Celsius claims to have started paying its creditors up to $3 billion. According to the company’s press release, they are discussing the distribution of cryptocurrency and other assets worth $3 billion among the platform’s creditors. The payments…

U.S. prosecutors have pushed back against former Celsius CEO Alex Mashinsky’s motion to dismiss two criminal charges brought against him.

Core Scientific is emerging from Chapter 11 bankruptcy and will relist its shares. After a U.S. court confirmed its reorganization plan, mining company Core Scientific announced its readiness to exit bankruptcy proceedings. Core Scientific CEO Adam Sullivan said the confirmation…

Embattled crypto lender Celsius has moved over $125 million in Ethereum to various cryptocurrency exchanges in the last week, signaling its plans to commence creditor repayments. Data from Arkham Intelligence shows that between Jan. 8 and 12, Celsius transferred Ethereum…

Creditors who withdrew more than $100,000 from Celsius within three months prior to its bankruptcy will have to return part of those funds or risk legal action, as per a recent creditor notice. Bankruptcy administrators for Celsius announced on Jan.…

Over the past week, a total of 40,000 Ethereum, estimated to be over $90 million, was transferred by Celsius to its significant creditors, Coinbase and FalconX.

Bankrupt cryptocurrency lender Celsius Network revealed plans today to unstake its existing Ethereum holdings in preparation for prompt distributions to its creditors. On Jan. 5, the lending company Celsius that is currently embroiled in bankruptcy proceedings since its Chapter 11…

Several crypto industry stakeholders have pending lawsuits in the U.S. and other jurisdictions following a busy year for government prosecutors and digital asset attorneys. 2023 featured crypto’s largest court case to date coupled with a multi-billion dollar settlement between the…

As part of the Celsius Network's bankruptcy proceedings, Hut 8's mining operation is set to accommodate 66,000 miners and be powered by over 215 MW of energy upon completion.