Celsius


Finance

Celsius Network Custody Clients Tap Lawyer to Reclaim $180M

The account holders represent 4% of the assets locked up at the bankrupt crypto lender.

(Unsplash, Modified by CoinDesk)

Opinion

Celsius and BitConnect: Not So Different?

The insolvent crypto lender may not have been as blatantly criminal as the infamous BitConnect pyramid scheme, but the parallels should have drawn more regulatory scrutiny.

Alex Mashinsky Founder and CEO Celsius Network at Consensus 2019 AND Carlos Matos promoting Bitconnect

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Sky-High Yields and Bright Red Flags: How Alex Mashinsky Went From Bashing Banks to Bankrupting Celsius

How could Celsius Network pose “much less risk” than banks, as its CEO claimed, but pay eye-popping returns? It sounded too good to be true. There were other warning signs from the start.

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

Finance

Crypto Lender Celsius Files to Retain Former CFO to Advise on Bankruptcy Proceedings

Rod Bolger resigned from Celsius in June, two weeks before the company filed for Chapter 11 protection.

Celsius outlines next steps. (PhotonBlast/Unsplash)

Finance

What Happens to Celsius Creditors if Crypto Prices Recover?

Legal experts survey the undiscovered country that awaits customers of the bankrupt cryptocurrency lending platform.

Celsius thermometer (Unsplash/Modified by CoinDesk)

Layer 2

Failed Crypto Lender Cred Blames Its Demise on Uphold Exchange in Suit

The 2022 meltdown is not the first time the risks of “centralized DeFi” products have been laid bare.

(Daniel Thomas/Unsplash)

Markets

Citi Says Crypto Contagion Appears to Have Ceased

Stablecoin outflows have been stemmed and outflows from ETFs have also stabilized, the report said.

Citigroup's offices in Canary Wharf in London (Mitch Hogde/Unsplash)

Videos

Tesla’s Bitcoin Dump; Zipmex Freezes Withdrawals

Bitcoin slips after Tesla announcement, but analysts say we could have seen the bottom. Crypto trading volumes in India recover. Polygon’s ZK solution aims to slash current layer 1 Ethereum network costs by 90%. Singapore-based Zipmex freezes withdrawals. Documents reveal Vauld owes retail customers $363 million.

CoinDesk placeholder image

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‘A Damaged Brand’: Former Celsius Employee on the Crypto Lender’s Mismanagement and Alleged Token Manipulation

Timothy Cradle, former compliance and financial crimes director at crypto lender Celsius Network, joined CoinDesk TV’s “First Mover” to discuss the platform’s alleged questionable practices.

"Someone would have to be frankly insane to trust Celsius with their assets," said Timothy Cradle on CDTV’s “First Mover” program. (CoinDesk TV screenshot, modified by CoinDesk)

Finance

Coinbase Had No Financial Exposure to Troubled Celsius, Three Arrows Capital, Voyager

The crypto exchange said it hasn't been hurt by the crypto companies that are all seeking bankruptcy protection.

Coinbase said it had no exposure to Celsius, Three Arrows Capital or Voyager (Benjamin Girette/Bloomberg via Getty Images)