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Celsius
Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy
CORRECTION: Since publication, the reporting and headline has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that most of his apparent withdrawals were sent to other accounts at Celsius. The original headline indicated a figure of $42 million.
South Korea To Invalidate Terra Founder Do Kwon’s Passport
CORRECTION: Since publication, the reporting and headline of Celsius executives withdrawing crypto has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that most of his apparent withdrawals were sent to other accounts at Celsius. The original headline indicated a figure of $42 million. CoinDesk's Nikhilesh De also discusses the latest developments surrounding South Korean officials announcing it would invalidate Terra creator Do Kwon's passport.
Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy
Ex-CEO Alex Mashinsky and ex-CSO Daniel Leon pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May, before the company suspended all customer withdrawals.
Celsius' Crypto Customers Face Big Obstacle in Trying to Claw Back Their Deposits
A change in the corporate structure the bankrupt crypto lender made when it was raising money last year may come under scrutiny.
Crypto Lender Celsius Co-Founder, Chief Strategy Officer Leon Resigns: Report
Celsius CEO Alex Mashinsky also resigned last week.
Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report
Mashinsky resigned as CEO on Sept. 27; the company filed for chapter 11 bankruptcy protection in mid July.
Crypto Lender Celsius Shouldn't Reopen Custody Withdrawals, US Trustee Says
The office has also requested the judge deny the bankrupt lending platform’s motion to liquidate its $23 million in stablecoin holdings.
Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment
Creditors of crypto lending firm Celsius have moved to subpoena lending firm Equities First. Celsius' former CEO Alex Mashinsky said his firm is still owed $439 million from Equities First. The money is collateral posted against a loan Celsius took from the company and which Equities First was unable to repay. "The Hash" team discusses the latest in the aftermath of Celsius' collapse.
Texas Opposes Plan by Celsius to Fund Operations With Stablecoin Sales
Texas state agencies are objecting to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new court filing. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.
Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment
The money is collateral posted against a loan Celsius took from the company and which Equities First was unable to repay.