Celsius Network

The now-bankrupt crypto lending firm Celsius Network and its former CEO and co-founder Alex Mashinsky faced several lawsuits on Thursday morning from three separate American entities: The U.S. Securities and…

Crypto lending firm Celsius Network and its former CEO sued by SEC, CFTC, FTC

Following a bankruptcy process, the assets of the failed crypto lender Celsius Network are about to be acquired by a consortium called Fahrenheit. Behind this name, you will find a…

Arrington Capital-backed group to acquire Celsius assets

New York Attorney General Letitia James filed a lawsuit against Alex Mashinsky, co-founder and former CEO of Celsius Network, according to an announcement on Thursday. James alleged that Mashinsky defrauded…

New York Attorney General sues former Celsius CEO for defrauding crypto investors

A federal bankruptcy judge ruled cryptocurrencies deposited into interest-bearing accounts at Celsius Network, a now-bankrupt cryptocurrency lending platform, actually belong to the firm — thanks to the fine print. The…

Bankruptcy judge rules Celsius Network owns users’ interest-bearing crypto accounts

Celsius Network, one of the world’s largest cryptocurrency lenders, has filed for bankruptcy protection, a month after freezing customer assets in the wake of sharp turbulence in the crypto market…

Celsius, one of crypto’s biggest lenders, files for bankruptcy
Crypto

Down bad

1:33 pm PDT • June 18, 2022

Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get…

Down bad

While several major crypto trading platforms are making large-scale layoffs and freezing hiring, some of their rivals have rushed to reassure their staff and the public that they are sticking…

Amid market turmoil, crypto exchange Kraken says it’s filling 500+ roles

Celsius Network, one of the biggest crypto lenders, told customers Sunday evening that it is pausing withdrawals, swap and transfers between accounts in a move that has sparked discussions and…

Crypto lender Celsius pauses withdrawals, transfers citing ‘extreme market conditions’