Follow Celsius news, including bankruptcy proceedings, creditor updates, legal rulings, restructuring efforts, and fallout across crypto markets.
Attorney General James urged workers in the crypto industry who might have witnessed fraud or misconduct to file a whistleblower report with her office.
Celsius has downplayed the extent of the breach, saying its systems and security was not impacted.
Celsius legal representatives are asking whether the bankrupt lender could be able to recover the value of the collateral sold by Tether.
Terra, Celsius are facing series of class action lawsuit filed against them by disgruntled investors who lost funds to their collapse.
In a now deleted stated, Zipmex said its exposure to Babel Finance was $48 million while that to Celsius Network was $5 million.
Timothy Cradle said Celsius' company culture disregarded compliance, leading to risky and unethical plays including CEL manipulation.
At the first bankruptcy hearing for Celsius, the platform's lawyers claimed retail users gave up legal rights to their crypto by accepting the terms of service.
The lack of legal precedent, on-going lawsuits, and the complexities of a Chapter 11 bankruptcy mean Celsius users may face a long process to recover deposits.
Pharos, listed as Celsius's biggest creditor with an $81 million claim, is an opaque company with close ties to Alameda Research.
