Celsius Network reaches settlements to exit bankruptcy
Bankrupted crypto lender Celsius Network reached two settlements that may allow the return of assets to customers and end its bankruptcy proceedings.
Celsius reaches settlement that will enable users to receive assets by year-end
Celsius has reached settlements that will allow it to return user assets by the end of 2023, the Wall Street Journal reported. Celsius’ reorganization plan involves returning only part of…
Unraveling the Future of Cryptocurrency Lending: The Impact of Celsius Network’s Bankruptcy
In the dynamic world of cryptocurrencies, the recent developments surrounding Celsius Network have captured the attention of both investors and enthusiasts. As a leading cryptocurrency lending platform, Celsius Network’s bankruptcy…
Celsius Network’s Bankruptcy Saga: A Generous 5% Bonus Settlement Stuns Crypto Realm
Just when you thought it was lights out for the embattled Celsius Network LLC, the crypto world’s phoenix has risen from its ashes of bankruptcy with a plan as unexpected…
Celsius Reaches $25 Million Settlement with Series B Holders for GK8 Sale Proceeds Allocation
The Israel-based GK8 was initially acquired by Celsius for $115 million in 2021.
Celsius Network’s Bankruptcy Battle Takes A New Turn With $25M GK8 Sale
Bankrupt crypto lender Celsius (CRYPTO: CEL) sought approval regarding the distribution of funds from its sale of the self-custody platform GK8 . On July 17, the debtors of the Celsius…
Former SEC Enforcement Branch Chief Reacts to Celsius Being Sued by SEC
Lisa Bragança, former SEC enforcement branch chief and Bragança Law attorney, reacts to the SEC accusing bankrupt crypto lender Celsius Network and former CEO Alex Mashinsky of securities fraud. This…
Celsius to spend $25 million from GK8 sale on legal expenses
Bankrupt crypto lender Celsius, alongside its creditors and Series B holders, submitted a filing on the settlement of GK8’s sale worth $25 million.
Celsius network files petition for relief in GK8 proceeds distribution amidst legal turmoil
Celsius Network, a bankrupt cryptocurrency lending company, has approached the court for relief concerning the distribution of proceeds from the sale of the self-custody platform GK8. Significantly, on July 17th,…
Celsius Bankruptcy Case: $24M from GK8 Sale to Be Utilized for Legal Fees
Cryptocurrency lending firm Celsius, which is currently undergoing bankruptcy proceedings, has submitted a motion to the court seeking approval for the distribution of funds obtained from the sale of its…
