Celsius receives summons from US grand jury
Federal regulators and US prosecutors are requesting data from the insolvent cryptocurrency lender Celsius Network. The inquiries, which were made public in court documents this month, give an idea of the difficulties Celsius is having with the law as it tries to restructure. To prevent a user panic run, the company froze customer withdrawals in […]
Core Scientific Stands ground On Celsius Bankruptcy
Celsius Mining owes Core Scientific about $5.4 million for its hosting services. Core Scientific (CORZ), a crypto hosting and mining company, said it plans to go after what it thinks Celsius Mining, the mining arm of the struggling crypto lender, owes it. In a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday, […]
Celsius Shareholders’ Demand for Bankruptcy Payouts
Lawyers say in a motion that the bankruptcy of Celsius is “all about the customers” and “without regard for the equity holders.” Holders of preferred equity in the failed cryptocurrency lender Celsius Network want to make sure they are at the table when decisions are made about getting their investments back and getting the first […]
Marathon Digital Downgraded at BTIG After Bankruptcy Filing
Compute North, which is the main hosting company for mining for Marathon Digital, filed for Chapter 11 protection Thursday afternoon. After Compute North filed for bankruptcy, BTIG’s Gregory Lewis changed his recommendation for Marathon Digital (MARA) stock from “buy” to “neutral.” This means that there is one less “bull” on Wall Street. In a note […]