Get the latest Celsius updates on bankruptcy proceedings, creditor repayments, legal developments, restructuring efforts, and market impact.
Celsius argues Tether's liquidation of 57,000 BTC breached contract terms, potentially impacting $4 billion in assets.
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.
Nexo made an unsolicited offer to buy "any remaining qualifying assets" of Celsius Network, including its collateralized loan portfolio, brand assets, and customer database.
Celsius Network is a bankrupt cryptocurrency lending company that was founded in 2017 and is headquartered in Hoboken, New Jersey.
