Celsius
Bankrupt Crypto Lending Platform Celsius Names Users Eligible to Withdraw Assets
Users named on the list can withdraw 94% of their assets if they can cover the withdrawal fees.
Celsius

(Malte Mueller/Getty Images, modified by CoinDesk)
Independent Examiner Excoriates Celsius as a Ponzi
A newly released 476-page report shows the company was using customer funds to buy CEL.
(Malte Mueller/Getty Images, modified by CoinDesk)

Ice covered thermometer, close-up
Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner
Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme
Ice covered thermometer, close-up

CDCROP: Celsius Thermometer (Unsplash/Modified by CoinDesk)
Crypto Lender Celsius Wins Court Approval for Customer Withdrawals, Flare Token Airdrop
The U.S. bankruptcy court authorized eligible XRP holders to receive the Flare tokens due under a prior agreement.
CDCROP: Celsius Thermometer (Unsplash/Modified by CoinDesk)

CDCROP: Thermometer (Getty Images)
Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors
The bankrupt firm is thinking of forming a new “recovery corporation” after getting a slew of acquisition bids that were not compelling.
CDCROP: Thermometer (Getty Images)

BD01-06-23
The Crypto Reckoning Continues
A lawsuit is filed against Celsius, Silvergate drops 46%, and Huobi and Genesis layoff employees.
BD01-06-23

Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)
Former Celsius CEO Mashinsky Sued by New York State for Defrauding Investors
New York Attorney General Letitia James filed the suit against the ex-head of the failed lending platform, accusing him of misleading investors about the firm’s health.
Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)

CDCROP: Alex Mashinsky
Celsius 'Earn' Assets Belong to Bankrupt Crypto Lender, Judge Rules
The move confirms that crypto platform customers do not own their assets if they're using certain services or products.
CDCROP: Alex Mashinsky

Frozen Thermometer near Yellowknife.
Celsius Seeks $7.7M From Voyager's Estate as Bankruptcy Cases Intertwine
Celsius previously missed an apparent deadline to make a claim based on its relationship with fellow crypto lender Voyager.
Frozen Thermometer near Yellowknife.

Mike Novogratz Galaxy
Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy
Galaxy, the crypto-focused financial services firm, had won the auction for GK8 earlier in the month.
Mike Novogratz Galaxy