Lending
9 month recovery plan for Celsius announced by lead investor Bnk to the Future
A recovery plan has been released for Celsius from Bnk to the Future who have over 1,000 investors exposed to Celsius.
Liam 'Akiba' Wright 2 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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Top Celsius Stories
DeFi
MakerDAO votes to disable Aave DAI deposit to stave off Celsius risks
MakerDAO’s decision is tied to the fact that half of DAI borrowed on Aave was from Celsius, which is currently facing liquidity issues.
Legal
Texas, New Jersey, Alabama and other US states have launched an investigation into Celsius Network
A number of states in the United States, including Texas and Alabama, are looking into the decision made by Celsius Network to suspend client withdrawals.
Latest Celsius News & Analysis
Enterprise
Celsius users share harrowing posts as withdrawal freeze extends to fourth day
Users are left in limbo as Celsius CEO posts vague update on what is happening at the lending and borrowing platform.
Legal
Celsius hires restructuring lawyers to help ease its financial woes
Celsius hired attorneys from Akin Gump Strauss Hauer & Feld LLP to help advise on possible solutions for its liquidity issues.
Price Watch
Celsius CEL price spikes 500% in 30 min – retraces to 115% up on day
Amid the chaos and rumors of Celsius' liquidity problems, the price of its native token jumped to the highest price since April reaching $2.56 on FTX.
DeFi
Celsius races to add more collateral to Maker as threat of liquidation looms
Celsius deposited 2,000 WBTC to their collateral throughout the night in an attempt to gain more breathing room before their $534 million Maker vault becomes vulnerable to liquidation.
Lending
Nexo makes unsolicited offer to acquire Celsius’ assets after it halts withdrawals
Nexo made an unsolicited offer to buy "any remaining qualifying assets" of Celsius Network, including its collateralized loan portfolio, brand assets, and customer database.
Exchanges
Celsius pauses withdrawals amid market turmoil, triggering 74% drop in CEL
Crypto lending and borrowing platform Celsius has halted withdrawals, sparking more questions about the firm's solvency.
