USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets
The miner could get as much as $75 million in management fees for the Celsius mining rigs over five years.
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May 26, 2023 at 12:57 a.m. UTC
May 26, 2023
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Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
The Arrington Capital-backed grouping beat fellow bidder NovaWulf for Celsius’ assets, with the Blockchain Recovery Investment Consortium selected as back-up.
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May 25, 2023 at 6:38 a.m. UTC
May 25, 2023
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Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets
The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion.
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May 17, 2023 at 5:30 p.m. UTC
May 17, 2023
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Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment
The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.
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May 15, 2023 at 12:23 p.m. UTC
May 15, 2023
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Private-Equity Giant Apollo is Part of Bid to Buy Bankrupt Crypto Firm Celsius
Apollo Global Management, the distressed-investing specialist that oversees more than half a trillion dollars of assets, is participating in a bid to acquire stricken cryptocurrency lender Celsius, according to a person familiar with the matter. "The Hash" panel discusses the potential outcomes and what this means for the fate of Celsius.
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May 9, 2023 at 5:01 p.m. UTC
May 9, 2023
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Celsius Founder Mashinsky Rejects ‘Baseless’ Fraud Claims From New York State
Fraud claims against Alex Mashinsky are ‘baseless,’ and based on online misinformation, the Celsius co-founder and former CEO said in response to a lawsuit brought by New York State. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest in crypto regulation.
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May 3, 2023 at 3:40 p.m. UTC
May 3, 2023
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Celsius CEO Mashinsky Denies ‘Baseless’ Fraud Claims by New York State
N.Y. Attorney General Letitia James said Mashinsky misled investors about the health of the now-bankrupt crypto lender.
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May 3, 2023 at 12:00 p.m. UTC
May 3, 2023
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Bankrupt Crypto Lender Celsius Seeks to Merge UK and U.S. Entities
Celsius is seeking to mingle its U.K. and U.S. entities as court filings allege the distinction between them was a “sham.” CoinDesk’s regulatory reporter Jack Schickler discusses the pressure faced by the bankrupt crypto lender in different jurisdictions.
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May 2, 2023 at 2:45 p.m. UTC
May 2, 2023
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Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’
Court filings urge the resolution of an issue, which could prove key to recoveries for customers and Series B investors.
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May 2, 2023 at 7:36 a.m. UTC
May 2, 2023
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NovaWulf Plans to Tokenize Equity of Celsius’ New Firm With $2B Assets, After Takeover
Celsius Network contacted 130 interested parties and signed confidentiality agreements with 40, before choosing NovaWulf.
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Apr 14, 2023 at 3:57 p.m. UTC
Apr 14, 2023