Follow Celsius news, including bankruptcy proceedings, creditor updates, legal rulings, restructuring efforts, and fallout across crypto markets.
Celsius faces backlash over bankruptcy plan perceived as preferential to institutional lenders.
Liam 'Akiba' Wright 2 min read 
Celsius moves to buy Cedarvale mining site for $45M, betting on increased mining capacity amid bankruptcy proceedings.
Celsius bankruptcy proceedings inches closer to its end.
Court documents unsealed September 5 indicated that the former Celsius CEO's assets, including multiple bank accounts, were frozen last month.
The data center operator said it could manage up to 310,000 Bitcoin miners from Celsius and other clients.
The civil lawsuit brought by NY Attorney General Leticia James, accuses Mashinsky of duping customers through misleading and false claims.
Celsius' settlements, which require court approval, resolve 30,000 customer claims seeking $78 billion in compensation.
Celsius still holds around $183 million worth of altcoins, according to Dune analytics dashboard.
Co-founders Alex Mashinsky, Shlomi Daniel Leon, and Hanoch Goldstein are not parties to the settlement and their cases will proceed in federal court.
