Bankruptcy
Celsius prepares to reopen partial withdrawals for eligible users
Eligible Celsius users will be able to withdraw 94% of their assets from the platform after updating their KYC and other account information.
Monika Ghosh 3 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
Bankruptcy
Celsius former CEO wallet dumps $480k in CEL token selloff
A court-appointed independent examiner said Alex Mashinsky profited over $60 million from his sales of Celsius tokens.
Bankruptcy
Celsius creditors, US gov oppose bankrupt’s lender extension request due to high cash burn rate
Celsius creditors said the case must proceed toward a resolution as it has been around eight months since the firm paused withdrawals.
Latest Celsius News & Analysis
Bankruptcy
Celsius publishes eligible users’ list for withdrawals
The crypto lender emphasized that eligible users must update their accounts with certain information before any withdrawals can be processed.
Bankruptcy
Tether denies borrowing from bankrupt Celsius
Celsius' examiner report claimed Tether had over $2 billion Celsius exposure and was an "existential threat" to the lender's financial health.
Exchanges
Binance, Bank to the Future among secret bidders of Celsius assets – Tiffany Fong
Bank to the Future CEO Simon Dixon has confirmed that his company submitted a bidding proposal for Celsius assets.
Regulation
Elizabeth Warren urges stricter regulation, says solution to crypto fraud begins with the SEC
Senator Warren said that the crypto industry is 'scared' of a strong SEC and is, therefore, spending millions lobbying to escape oversight.
Bankruptcy
Celsius may restructure and issue new token
The company's plans must still be approved by courts and creditors.
Legal
Former Celsius CEO sued for allegedly defrauding customers
The New York attorney general has filed a lawsuit against Celsius Network's former CEO Alex Mashinsky for allegedly defrauding investors.
