Bankruptcy
Celsius spikes 18% higher on release of ‘Project Kelvin’ recovery plan
The disgraced CeFi lender hopes to rebuild with a new business strategy focused on crypto custody.
Samuel Wan 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 borrowers oppose US Trustee’s move to appoint internal examiner
A group of borrowers have filed a motion arguing that in order to maintain transparency and unbiased assessment of Celsius' financials, a chapter 11 Trustee should be appointed.
Bankruptcy
Celsius expects to receive $70M loan repayment to fund operations beyond November
Celsius expects to receive extra $70 million in loan repayment by Oct. 7 and retain over $42 million by the end of November.
Latest Celsius News & Analysis
Bankruptcy
Celsius wants to return $210 million worth of custody assets
The firm has filed a petition to allow eligible customers to withdraw assets from its custody program and Withhold accounts.
Legal
Creditors file fresh suit against Celsius seeking $22.5M reimbursement
The creditors are basing their claim on the fact that their funds were held in Celsius' custodial account and not the Earn program.
Legal
Celsius sues KeyFi, alleges Jason Stone stole over 1,000 ETH of investor funds for NFTs
Celsius hits back at Jason Stone claiming he used client funds to buy CryptoPunks while losing 30,000 ETH in a bad DeFi trade.
Bankruptcy
Celsius CEO’s alleged trading decisions led to bankruptcy
Alex Mashinsky allegedly ordered the trading team to sell hundreds of millions of dollars worth of Bitcoin, causing Celsius a $50 million loss.
Enterprise
Ripple shows interest in acquiring Celsius
A Ripple spokesperson reportedly said the firm was interested in looking for M&A opportunities to scale its business.
Bankruptcy
Celsius CEO under fire as Committee of Creditors, DFPI implicate him
Celsius CEO Alex Mashinsky is accused of promoting false information about the safety of users' funds at the brink of the bankruptcy.
