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Celsius

Stay informed about Celsius Network, a platform for crypto lending and borrowing. Discover its features, security, and community engagement.

Celsius

Stay informed about Celsius Network, a platform for crypto lending and borrowing. Discover its features, security, and community engagement.

Litigation   -   Dec 13, 2022 Celsius. Resolution on the First Payments
Celsius. Resolution on the First Payments

The December hearings in the Celsius bankruptcy case brought us some important news. Firstly, the company's exclusivity period has been extended to February 15, 2023, secondly, Celsius must return $44 million to its customers, and the KERP bonus program was approved by the court.

Litigation   -   Nov 22, 2022 Celsius. Continuation of the Bankruptcy Case.
Celsius. Continuation of the Bankruptcy Case.

The court has set a deadline for filing lawsuits against Celsius, January 3 2023, for all who suffered from the bankruptcy of the company. An independent expert also presented her first report.

CPP Investments. Source: swfinstitute.org
Adoption   -   Dec 20, 2022 Canada’s Largest Pension Fund Gave Up On Crypto

The largest Canadian pension fund Canadian Pension Plan (CPP) investment board is no longer pursuing any opportunities in the crypto market, Reuters reports.

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Adoption   -   Dec 20, 2022 Canada’s Largest Pension Fund Gave Up On Crypto
CPP Investments. Source: swfinstitute.org

The largest Canadian pension fund Canadian Pension Plan (CPP) investment board is no longer pursuing any opportunities in the crypto market, Reuters reports.

Observers
Litigation   -   Dec 13, 2022 Celsius. Resolution on the First Payments
Celsius. Resolution on the First Payments

The December hearings in the Celsius bankruptcy case brought us some important news. Firstly, the company's exclusivity period has been extended to February 15, 2023, secondly, Celsius must return $44 million to its customers, and the KERP bonus program was approved by the court.

Alex Harutunian
Litigation   -   Nov 22, 2022 Celsius. Continuation of the Bankruptcy Case.
Celsius. Continuation of the Bankruptcy Case.

The court has set a deadline for filing lawsuits against Celsius, January 3 2023, for all who suffered from the bankruptcy of the company. An independent expert also presented her first report.

Alex Harutunian
Update   -   Nov 10, 2022 UPD: Did Celsius Operate a Ponzi Scheme?

On the first of November, the next meeting on the Celsius bankruptcy case took place. The key note of this meeting was a decree from a Federal judge to conduct an investigation, which would show whether Celsius worked under a Ponzi scheme. The request for an investigation was the result

Alex Harutunian
Update   -   Nov 02, 2022 UPD: Celsius petition for $2.96 million employee fund payment rejected

As we wrote earlier, the Celsius bankruptcy trial has been going on for several months. The company has submitted various petitions to the court, thereby trying to improve its situation. Despite the fact that some of the proposals from Celsius were approved by the court, this has not always happen.

Alex Harutunian
Celsius   -   Oct 28, 2022 Crypto-astrologer Promoted Celsius Shortly Before The Company's Bankruptcy
Crypto-astrologer Promoted Celsius Shortly Before The Company's Bankruptcy

Maren Altman was criticized on Twitter for advertising Celsius shortly before the company filed for bankruptcy in court.

Alex Harutunian
Litigation   -   Oct 18, 2022 Celsius. Is Withdrawal Blocked for Everyone? Traditional Judicial Practice Does Not Cope with Crypto
Celsius logo on the background of the courtroom.

Netizens points out that Alex Mashinsky withdraws funds from his wallets while Celsius users are unable to move their funds due to blocking. All this is happening during the trial, as a result of which personal data and transactions of Celsius users have become publicly available.

Alex Harutunian
Litigation   -   Oct 04, 2022 Celsius. Continuation of the Trial
Picture: a mobile phone with the Celsius mobile app on the background of a clock and the inscription bankruptcy.

Lawyers representing the interests of a group of Celsius shareholders filed a petition with the court requesting the appointment of a special committee, namely the "Official Committee on Preferred Shares". At the same time, Celsius may receive a refusal on previously submitted petitions.

Alex Harutunian
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