Celsius wants to rehire its ex-Chief Financial Officer

Embattled crypto lender Celsius Network wants to rehire its ex-Chief Financial Officer Rod Bolger, according to a court filing made by the firm on July 25. According to the filing, Celsius wants... Read more »

Former Celsius director exposes alleged price manipulation of CEL token

Speaking to CNBC, a former Celsius director said the company was actively involved in manipulating the price of its CEL token. Timothy Cradle spent over two years working at the company. He... Read more »

Celsius lawyers claim users relinquished their crypto when they signed up

One hearing into its lengthy bankruptcy process, Celsius has already sparked controversy regarding its restructuring plans and claims over user funds. According to Kirkland & Ellis, the law firm representing the company... Read more »

Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes

Invictus Capital, a crypto investment firm based in South Africa, moved crypto from funds designated for investments with “no anticipated downside risk” into Terra USD and held the tokens through the UST... Read more »

Celsius is bankrupt with $1.2B balance sheet hole, Su Zhu returns to Twitter and OpenSea purges 20% of employees: Hodler’s Digest, July 10-16

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much... Read more »

Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’

Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for... Read more »

Tether reveals how it returned funds to Celsius following liquidation

On June 15, Paolo Ardoino, CTO of Tether and Bitfinex, disclosed that Tether had liquidated a loan given to Celsius “without loss.” Tether has confirmed the liquidation process and revealed that it... Read more »

Celsius gets sued amidst Ponzi scheme allegations

KeyFi Inc, a DeFi staking software developing firm, has filed a lawsuit against embattled crypto lending company Celsius Network over allegations of fraud while also alleging that the firm operated in a... Read more »

Celsius moved $529M worth of wBTC to FTX exchange: Should we be worried?

Embattled lending platform Celsius has transferred nearly 25,000 Wrapped Bitcoin (wBTC), worth $528.9 million to crypto exchange FTX, prompting concerns from some in the community about whether a dump may soon follow. ... Read more »

Celsius reportedly seeks advice from lawyers on restructuring

Crypto lending platform Celsius Network has onboarded restructuring lawyers from Akin Gump Strauss Hauer & Feld to find potential solutions to the firm’s financial woes.  The firm is reportedly looking for other... Read more »