Legal
Celsius gets sued amidst Ponzi scheme allegations
KeyFi CEO alleged that Celsius has refused to honor the terms of a contract between both firms as regards profit sharing.
Oluwapelumi Adejumo 4 min read
Celsius News
Follow Celsius news, including bankruptcy proceedings, creditor updates, legal rulings, restructuring efforts, and fallout across crypto markets.
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Bear Market
Fresh allegations against Celsius renew calls for EU crypto compensation fund
Attorney Jonathan Levy, representing victims of crypto crime, proposes a "superfund" paid for by imposing a tariff on crypto transactions to compensate victims.
Regulation
Biden administration official hints at stablecoin legislation that could come into force this year
According to the official, the President's Working Group on Financial Markets are actively exploring the space and looking to have the law come into force by the end of this year
Latest Celsius News & Analysis
Interview
How Celsius, 3AC misjudged risk and is DeFi’s future in interest rate swaps?
Risk management is a core component of financial services businesses. However, both 3AC and Celsius appear to have misjudged market risks by a wide margin. Voltz CEO Simon Jones speaks to how this came about
Investments
FTX discarded Celsius deal after reportedly finding $2B missing from its balance sheet
FTX reportedly walked away from a deal with Celsius after discovering a $2 billion hole in its balance sheet. Celsius is currently looking to make "strategic transactions" to secure its assets.
Exchanges
Celsius breaks silence as it attempts to ‘stabilize liabilities,’ ‘protect assets’
Celsius announces that it is exploring complex options to restructure liabilities in order to "preserve and protect assets."
Analysis
Nansen report reveals Terra caused the stETH depeg and crippled Celsius, 3AC
A new report by Nansen walks through the events that led to 3AC and Celsius exiting their stETH positions amid the collapse of Terra and the unwrapping of 600K bETH.
People
Rumors circulate that Celsius CEO Alex Mashinsky attempted to flee the U.S.
Twitter is awash with reports Mashinsky was stopped from leaving the U.S. However, at this stage, there are no confirmed reports of this happening.
DeFi
What Lido staking dominance may mean for Ethereum’s future
The Ethereum community has raised fears of lido staking dominance leading to centralization. What does that mean for ETH 2.0?
More Celsius News Headlines
Analysis
Celsius faces a potential short squeeze; $20M bounty out on info about possible attack
Analysis
The worst is yet to come for the crypto market, experts say
Analysis
The current Celsius, 3AC situation may not be as bad as rumors suggest
Lending
