Celsius


Finance

‘Consumer Business Is Dead’ for Crypto Lender Celsius, Bankruptcy Expert Says

Thomas Braziel, a partner at 507 Capital, also told CoinDesk TV’s “First Mover” customers may get back only 50 to 60 cents on the dollar.

"The consumer business is dead,” 507 Capital founder Thomas Braziel said about bankrupt cryptocurrency lender Celsius Network on CoinDesk TV's "First Mover" show. (Wilhelm Gunkel via Unsplash)

Finance

Canadian Pension Giant Caisse Writes Off $150M Bet on Bankrupt Crypto Lender Celsius

Quebec-based Caisse said Wednesday it had acted "too soon" in entering the sector.

Thermometer (Getty Images)

Finance

Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin

The company had said Monday it might run out of cash by October.

Celsius CEO Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)

Vidéos

'Long and Arduous' Path Ahead For Crypto Lender Celsius, Says Legal Expert

The second day of Celsius Network's bankruptcy hearing is underway, with the troubled crypto lender's attorneys laying out a path forward for the company. King & Spalding LLP Partner Thad Wilson discusses his initial reactions, explaining why "the path here is going to be long and arduous for Celsius to otherwise emerge from Chapter 11."

Recent Videos

Marchés

Crypto Lender Celsius On Pace to Run Out of Cash by October

The firm, which filed for bankruptcy protection in July, is also short of $2.8 billion in crypto assets, the court filing reveals.

(Piaras Ó Mídheach/Web Summit via Sportsfile)

Finance

Ripple Labs Weighs Buying Crypto Lender Celsius’ Assets: Report

The blockchain payment company is the latest to consider purchasing the assets of the bankrupt lender.

Ripple Labs maintains XRP. (Ripple Labs)

Marchés

Celsius CEO Cashed in After Bankrupt Crypto Lender's Token Surged

This is the first time the address attributed to co-founder Alex Mashinsky was used since the company froze withdrawals and entered bankruptcy.

(Piaras Ó Mídheach/Web Summit via Sportsfile)

Juridique

Canadian Regulators Probing Crypto Lender Celsius Network Alongside US: Report

Authorities are looking at what impact the firm’s multibillion-dollar collapse had on users.

Canadian regulators are working with their U.S. counterparts in investigating crypto lender Celsius Network. (Chris Robert/Unsplash)

Marchés

Bankrupt Lender Celsius’ Token Surges on Twitter-Driven Short Squeeze

CEL has gained about 300% since Celsius filed for bankruptcy last month.

Celsius' CEL token surged as high as $1.63 Monday. (CoinDesk)

Marchés

Want to Strike Terror in Crypto Markets in 2022? Just Say You’re Suspending Withdrawals

Voyager's and Celsius’ bankruptcies were preceded by announcements that they were barring customers from getting their money.

(Creative Commons)