Deadline for Celsius Customers to File PoC Approved
Customers of the bankrupt crypto lender have until January 3, 2023, to file proofs of claim if they don’t agree with how Celsius scheduled their claims as filed. In the ongoing bankruptcy proceedings, a U.S. court agreed to Celsius’s request to set a deadline for customers to file proofs of claim. Last week, the U.S. […]
Judge orders investigative probe on Celsius
The Federal judge handling the bankruptcy case for Celsius has ordered a probe to investigate whether the firm operated like a Ponzi scheme. In response to claims made by customers that Celsius had violated the legal definition of a Ponzi scheme by using assets of new users to pay yields and allow withdrawals to existing […]
Celsius trustee rejects $3M employee bonus motion
The Celsius Trustee has opposed the retention bonus, claiming that there is insufficient evidence in the motion to support such a significant payout and that it is unclear which individuals could be regarded as insiders. William Harrington, the U.S. Trustee in charge of the Celsius chapter 11 bankruptcy case, has objected to a move by […]
Celsius Sale: Court Approves Officer as Consumer Privacy Ombudsman
Lucy Thomson has been chosen by the court as the consumer privacy ombudsman for the Celsius bankruptcy case. Her job will be to protect customer information in case the company is sold. Judge Martin Glenn, the U.S. judge in charge of the bankruptcy case of crypto lender Celsius Network, has agreed to appoint a consumer […]
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, […]