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Celsius founder and CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)
Policy
Celsius
Crypto Lender Celsius' Collapse Into Bankruptcy Should Be Probed, US Says
Some of the highest-profile and controversial bankruptcies in history, including Enron's and Lehman Brothers', have included the appointment of an independent examiner.
Celsius founder and CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)
By Nikhilesh De
Aug 18, 2022 at 9:49 p.m. UTC
Aug 18, 2022
CelsiusBankruptcyUS
"The consumer business is dead,” 507 Capital founder Thomas Braziel said about bankrupt cryptocurrency lender Celsius Network on CoinDesk TV's "First Mover" show. (Wilhelm Gunkel via Unsplash)
Finance
Celsius
‘Consumer Business Is Dead’ for Crypto Lender Celsius, Bankruptcy Expert Says
Thomas Braziel, a partner at 507 Capital, also told CoinDesk TV’s “First Mover” customers may get back only 50 to 60 cents on the dollar.
"The consumer business is dead,” 507 Capital founder Thomas Braziel said about bankrupt cryptocurrency lender Celsius Network on CoinDesk TV's "First Mover" show. (Wilhelm Gunkel via Unsplash)
By Fran Velasquez
Aug 18, 2022 at 3:30 p.m. UTC
Aug 18, 2022
CelsiusBitcoin MiningRetail InvestorsCoinDesk TV
Thermometer (Getty Images)
Finance
Pensions
Canadian Pension Giant Caisse Writes Off $150M Bet on Bankrupt Crypto Lender Celsius
Quebec-based Caisse said Wednesday it had acted "too soon" in entering the sector.
Thermometer (Getty Images)
By Michael Bellusci
Aug 17, 2022 at 7:29 p.m. UTC
Aug 17, 2022
PensionsCelsiusBankruptcyCanada
Celsius CEO Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)
Finance
Celsius
Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin
The company had said Monday it might run out of cash by October.
Celsius CEO Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)
By Krisztian Sandor
Aug 16, 2022 at 10:11 p.m. UTC
Aug 16, 2022
CelsiusBankruptcy
'Long and Arduous' Path Ahead For Crypto Lender Celsius, Says Legal Expert
Video
Cdtv
‘Long and Arduous’ Path Ahead For Crypto Lender Celsius, Says Legal Expert
The second day of Celsius Network’s bankruptcy hearing is underway, with the troubled crypto lender’s attorneys laying out a path forward for the company. King & Spalding LLP...
'Long and Arduous' Path Ahead For Crypto Lender Celsius, Says Legal Expert
By CoinDesk Staff
Aug 16, 2022 at 8:05 p.m. UTC
Aug 16, 2022
cdtvaab clipCelsiusBankruptcyKing & Spalding LLPThad Wilson
Celsius CEO Alex Mashinsky (Sportsfile)
Markets
Celsius
Crypto Lender Celsius On Pace to Run Out of Cash by October
The firm, which filed for bankruptcy protection in July, is also short of $2.8 billion in crypto assets, the court filing reveals.
Celsius CEO Alex Mashinsky (Sportsfile)
By Krisztian Sandor
Aug 15, 2022 at 9:49 p.m. UTC
Aug 15, 2022
CelsiusAlex MashinskyBankruptcy
Ripple Labs maintains XRP. (Ripple Labs)
Finance
Bankruptcy
Ripple Labs Weighs Buying Crypto Lender Celsius’ Assets: Report
The blockchain payment company is the latest to consider purchasing the assets of the bankrupt lender.
Ripple Labs maintains XRP. (Ripple Labs)
By Elizabeth Napolitano
Aug 10, 2022 at 4:12 p.m. UTC
Aug 10, 2022
BankruptcyRipple LabsCelsiusAcquisitions
Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)
Markets
Celsius
Celsius CEO Cashed in After Bankrupt Crypto Lender's Token Surged
This is the first time the address attributed to co-founder Alex Mashinsky was used since the company froze withdrawals and entered bankruptcy.
Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)
By Krisztian Sandor
Aug 9, 2022 at 7:33 p.m. UTC
Aug 9, 2022
CelsiusBankruptcyAlex Mashinsky
Canadian regulators are working with their U.S. counterparts in investigating crypto lender Celsius Network. (Chris Robert/Unsplash)
Policy
Celsius
Canadian Regulators Probing Crypto Lender Celsius Network Alongside US: Report
Authorities are looking at what impact the firm’s multibillion-dollar collapse had on users.
Canadian regulators are working with their U.S. counterparts in investigating crypto lender Celsius Network. (Chris Robert/Unsplash)
By Elizabeth Napolitano
Aug 9, 2022 at 5:31 p.m. UTC
Aug 9, 2022
CelsiusOntario Securities CommissionSECCrypto Lending
Celsius' CEL token surged as high as $1.63 Monday. (CoinDesk)
Markets
Celsius
Bankrupt Lender Celsius’ Token Surges on Twitter-Driven Short Squeeze
CEL has gained about 300% since Celsius filed for bankruptcy last month.
Celsius' CEL token surged as high as $1.63 Monday. (CoinDesk)
By Krisztian Sandor
Aug 8, 2022 at 9:11 p.m. UTC
Aug 8, 2022
CelsiusBankruptcy