Celsius Former Boss cash Out $960K in CEL
Alex Mashinsky, who quit as CEO of Celsius on September 27, is still moving crypto out of wallets even though customers can’t withdraw their money. Nansen’s data shows that since the beginning of October, Alex Mashinsky’s wallets have sent almost $1 million in CEL and USDC to UniSwap and MetaMask. On-chain data from the analytics […]
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 […]
Celsius Boss Considers Crypto Custody Pivot After Business ‘Fail’
A report from The New York Times says that Celsius CEO Alex Mashinsky recently suggested turning the failed crypto lending business into a digital asset custody firm. A report from The New York Times says that Celsius CEO Alex Mashinsky recently suggested turning the failed crypto lending business into a digital asset custody firm. Celsius […]
Celsius co-founder files declaration of ‘worthlessness’ in court
Daniel Leon co-founder of troubled crypto company Celsius has asked the court to deem “worthless” the entirety of his stock stake in the Celsius Network. The legal firm Kirkland & Ellis LLP filed a declaration on behalf of Celsius Co-Founder Daniel Leon in a document to the United States Bankruptcy Court on September 5, confirming […]
Celsius pushes for some customers’ withdrawals to commence
Celsius pushes for $50 Million in Assets to consumers who have digital assets in Custody and Withhold accounts. The embattled cryptocurrency lender Celsius Network is asking the court for permission to let a select number of customers withdraw their digital assets, weeks after filing for bankruptcy protection. The cryptocurrency lender filed a motion to release […]