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Southern District of New York

A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache

A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin CacheA committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew of securities regulators filed on Sept. 29. Creditors Object […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Bankruptcy Court Publishes 14,000 Pages of Celsius Customer Usernames and Trade History

Bankruptcy Court Publishes 14,000 Pages of Celsius Customer Usernames and Trade HistoryThe crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages of the usernames and trading histories of the company’s customers. While the file does not disclose personal information tied to the user’s finance providers or the customer’s residential address, the crypto […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid

Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May BidAccording to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1. A report published last week noted that […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins

State Securities Regulators Object to Celsius’ Court Motion to Sell StablecoinsAs Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas filed objections to the crypto lender accessing the company’s stablecoin cache. 15 days prior […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins

Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to M in StablecoinsAccording to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak, a Southern District of New York bankruptcy judge appointed a third-party examiner to review the company’s finances. Celsius is also attempting to sell a stash […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated Differently

Celsius Approved to Sell Mined Bitcoin, Customer That Lost 50,000 USDC Insists Her Regulated Stablecoins Should Be Treated DifferentlyOn August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, the company’s attorney detailed that Celsius has been offered cash injections, but the lawyer did not disclose who offered the funds and how much […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K