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3 mins read
Explained: Five things to know about US-based crypto lender Celsius’s crash
Crypto lender Celsius filed for bankruptcy protection under Chapter 11 on Thursday.
1 min read
Crypto lender Celsius Network pauses all withdrawals, transfers due to 'extreme' market conditions
The decision led to a nearly 55 per cent crash in the price of its digital token 'CELL' to as lo…
2 mins read
Bankrupt crypto lender Celsius owes users $4.7 billion, court document reveals
Celsius Networks, a US-based crypto lender, which filed for bankruptcy protection on July 14, owes…
2 mins read
A former employee at bankrupt crypto-lender Celsius has sued the company, calling it a 'Ponzi scheme'
Jason Stone, the CEO of a firm that Celsius acquired, says the cryptocurrency lender failed to hedg…
Katie Canales
2 mins read
Sam Bankman-Fried is positioning himself as crypto's 'lender of last resort' - but even he reportedly couldn't deal with the $2 billion hole in Celsius' balance sheet
FTX walked away from a deal to buy Celsius before the troubled crypto lender filed for bankruptcy t…
George Glover
1 min read
Failed crypto lender Celsius says it's filing for bankruptcy
"This is the right decision for our community and company," Celsius's chief executive and co-founde…
George Glover
5 mins read
Locked out of the Vauld: How the cryptocurrency exchange’s vaulting success unravelled
The year 2022 started well for Vauld, a Singapore-domiciled cryptocurrency exchange. It had raised …
2 mins read
Crypto exchange CoinFlex says it needs more time to restart withdrawals as it scrambles to fix a $47 million bad debt
CoinFlex halted withdrawals while it searches for a solution to the $47 million bad debt, which the…
Zahra Tayeb
2 mins read
Goldman Sachs is looking to raise $2 billion to buy Celsius assets at bargain prices if the crypto lender goes bankrupt: report
Goldman Sachs is approaching Web3 crypto funds and traditional financial institutions to gauge inte…
Zahra Tayeb
3 mins read
Fear not, bitcoin bulls — the current rout will weed out the solid crypto operators from the weak ones. 3 experts explain how
Two crypto routs and insolvency worries pertaining to crypto funds including Three Arrows and Celsi…
Zahra Tayeb
2 mins read
FTX boss Sam Bankman-Fried has bailed out struggling crypto lender BlockFi with a $250 million loan
SBF "is the new John Pierpoint Morgan - he is bailing out cryptocurrency markets," SkyBridge Capita…
George Glover
2 mins read
Crypto lender Celsius hires lawyers to help it restructure its finances, after it froze withdrawals of customer deposits: report
Celsius' customers have reportedly withdrawn more than $2.5 billion in assets this year as crypto p…
Zahra Tayeb
2 mins read
Anxious Celsius customers say they have no idea what will happen to their money after the crypto platform halted withdrawals
Customers told Insider they have $2,300 to $105,000 in crypto trapped on Celsius, which froze withd…
Katie Canales
2 mins read
Tether's stablecoin loses its dollar peg again after lending platform Celsius freezes all withdrawals
Tether's collapse could potentially be crypto's "Lehman Brothers moment", GlobalBlock analyst Marcu…
George Glover
3 mins read
Crypto lender Celsius is freezing withdrawals - after its founder promised to reinvent the financial system and never act like a traditional bank
Celsius froze withdrawals and transfers just a month after Terra's luna token crashed to zero, cont…
George Glover
3 mins read
Crypto lender Celsius pauses account withdrawals and transfers as digital tokens plummet across the board
"We are taking this necessary action for the benefit of our entire community in order to stabilize …
Zahra Tayeb
2 mins read
After firing 150 employees, crypto lending platform Celsius Network files for bankruptcy
The platform said that it initiated voluntary Chapter 11 bankruptcy proceedings to provide it with …
2 mins read
Ponzi probe finds bankrupt crypto lender Celsius wasn't doing business the way it told customers
Court-appointed examiner Shoba Pillay said the bankrupt Celsius Network acted as the market maker f…
Ryan Hogg
1 min read
Crypto lender Celsius Network's valuation soars 2,400% in latest fundraising round
Celsius Network raised $400 million in its latest fundraising round, pushing its valuation to $3 bi…
Isabelle Lee
2 mins read
Bitcoin just won't die
Bitcoin is outperforming both the S&P 500 and the "Magnificent 7" Big Tech stocks this year, with i…