Celsius


Finance

Crypto Lender Celsius Wins Court Approval for Customer Withdrawals, Flare Token Airdrop

The U.S. bankruptcy court authorized eligible XRP holders to receive the Flare tokens due under a prior agreement.

Celsius thermometer (Unsplash/Modified by CoinDesk)

Policy

Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors

The bankrupt firm is thinking of forming a new “recovery corporation” after getting a slew of acquisition bids that were not compelling.

Thermometer (Getty Images)

Videos

Celsius Owns Users' Interest-Bearing Crypto Accounts, Judge Rules

A federal judge ruled that customers of Celsius's interest-bearing "Earn" product had turned over control of their assets to the bankrupt crypto lender. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.

Recent Videos

Policy

Former Celsius CEO Mashinsky Sued by New York State for Defrauding Investors

New York Attorney General Letitia James filed the suit against the ex-head of the failed lending platform, accusing him of misleading investors about the firm’s health.

Alex Mashinsky, founder and CEO of Celsius Network, at Consensus 2019 in New York (CoinDesk)

Policy

Celsius 'Earn' Assets Belong to Bankrupt Crypto Lender, Judge Rules

The move confirms that crypto platform customers do not own their assets if they're using certain services or products.

Celsius CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

Policy

Celsius Seeks $7.7M From Voyager's Estate as Bankruptcy Cases Intertwine

Celsius previously missed an apparent deadline to make a claim based on its relationship with fellow crypto lender Voyager.

(RyersonClark/Getty Images)

Policy

Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy

Galaxy, the crypto-focused financial services firm, had won the auction for GK8 earlier in the month.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

Videos

Celsius Bankruptcy Developments; Grayscale Bitcoin Trust Discount Widens to Record High

Bloomberg reports that a judge involved in the Celsius bankruptcy case ordered the company to return $50 million worth of crypto to users of custody accounts. Plus, shares of the world’s largest bitcoin fund, Grayscale Bitcoin Trust (GBTC), hit a record-high discount rate of nearly 50% relative to the price of bitcoin (BTC). CoinDesk and Grayscale are both owned by Digital Currency Group.

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Finance

Crypto Lender Celsius' Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg

Celsius filed a motion in September to return crypto to customers who held assets in such accounts.

Alex Mashinsky, fundador y CEO de Celsius Network, en Consensus 2019. (CoinDesk)