Follow Celsius news, including bankruptcy proceedings, creditor updates, legal rulings, restructuring efforts, and fallout across crypto markets.
Celsius argues Tether's liquidation of 57,000 BTC breached contract terms, potentially impacting $4 billion in assets.
Oluwapelumi Adejumo 3 min read 
Customer relief prioritized as Mashinsky exits Celsius bankruptcy claim in wake of fraud conviction.
The sentencing closes the federal prosecution chapter, but Mashinsky still faces bankruptcy and related civil litigation.
Celsius has filed an appeal challenging procedural shortcomings in pursuit of $444 million claim against FTX.
Former creditors will see disbursements based on Bitcoin’s fluctuating value amid Celsius' distribution efforts.
Ionic Digital, a new Bitcoin mining company borne out of Celsius bankruptcy, said it has energized a facility in Texas.
The lawsuit seeks to recover $2.4 billion worth of BTC collateral that was, according to Tether, liquidated with Celsius’ consent.
The lawsuits, filed in the US Bankruptcy Court for the Southern District of New York, target those with more than $100,000 in Withdrawal Preference Exposure (WPE).
Bankruptcy filings previously raised the possibility of a token burn.
