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Celsius
California Is Investigating ‘Multiple’ Crypto Lending Companies
The state’s Department of Financial Protection and Innovation is looking at whether firms that have suspended customer withdrawals and transfers have violated its laws.
Bitcoin Below $20,000; Voyager Refund Questions
Bitcoin price sinks below $20K ahead of U.S. CPI data. Voyager users to get back USD deposits; crypto refund plan uncertain. Celsius repays over $113 million in debt, recovers $122 million in collateral. Financial Stability Board highlights stablecoins in work on crypto regulation. Bank for International Settlements says cross-border payments key to CBDC development. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
DoNotPay Aims to Help Crypto Traders Claw Money Back From Celsius
DoNotPay CEO Joshua Browder discusses how his company is aiming to help retail investors get their money back from Celsius after the crypto lender has frozen withdrawals for its users. “It gives the little guy power to take action,” Browder said.
Celsius Reclaims $410M of 'stETH' Tokens After Paying Down $81M Debt to Aave
The embattled crypto lender Celsius is inching closer to fully paying off its loans from decentralized finance protocols, reducing its outstanding debt to $59 million.
Looking at the Claims Celsius Operated Like a Ponzi
A new lawsuit alleges that a major crypto lender was, in fact, a Ponzi scheme. Happy Tuesday folks.
Celsius Reclaims $172M Collateral From Aave, Compound
The liquidity-strapped crypto lender has paid down $95 million in debt from the two DeFi platforms since Friday.
CoinFLEX Enters Arbitration; Mt Gox Crypto Dump Fears
CoinFLEX enters arbitration to recover $84 million deficit. Report says Celsius crypto bankruptcy saga meets new restructuring lawyers. Report says Celsius lost over $350 million in DeFi. Bitcoin price concerns over potential Mt. Gox and Celsius dumps. Three Arrows Capital contagion spreads to Blockchain.com. PSG sells $220,000 in NFT tickets for first Japan tour in 27 years. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize
The troubled crypto lender Celsius started to make good on the $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees. The transactions come just a day after Celsius used a debt-paydown to reclaim collateral on Maker.
Celsius Looks Sloppy in New Lawsuit, but So Does the DeFi Legend Suing It
While underscoring Celsius’s disregard for risk and weak controls, KeyFi’s lawsuit also casts new, unflattering light on the crypto whale known as @0x_b1.
Celsius Accused of Fraud in Lawsuit by Ex-Employee
The roughed-up crypto lender froze withdrawals last month and later said it was exploring restructuring options.
