Celsius Founder Mashinsky Denies ‘Baseless’ Fraud Claims From New York State
Attorney General Letitia James said Mashinsky misled investors about the health of the now bankrupt crypto lender. Original Source
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Celsius
Celsius eyes merge of entities as creditors claim distinctions were a ‘sham’
Defunct crypto lender Celsius Network is looking to combine its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a “sham.”The central point of dispute is focused on a decision made by the crypto lender in June 2021, when
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Bankrupt Crypto Lender Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’
Regular customers, misled by management, didn’t understand the implications of this transfer – but more sophisticated Series B investors were well aware of deficient record keeping, the filing added, arguing that the two entities should be treated as one for bankruptcy purposes. Original Source
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Celsius creditors demand transparency on ‘suspicious’ FTX transactions
Celsius creditors claim that some FTX users have engaged in suspicious trades that may have manipulated the price of the Celsius (CEL) token in 2022. The creditors are seeking the help of a bankruptcy judge to unmask the users in question.Represented by a committee, creditors of Celsius Network have requested
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Celsius Auction Begins on Tuesday as Coinbase, Gemini, and NovaWulf Bid to Manage Restructured Assets
More than 600,000 Celsius creditors would be closely monitoring the auction as it likely determines subsequent payment schemes. According to a Saturday filing by Kirkland & Ellis, the auction proceedings for bankrupt crypto lending firm Celsius Network LLC will begin on Tuesday. The document further states that the public sale of the New
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Celsius auction has Gemini and Coinbase as new bidders: Report
Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. According to reports and court filings, crypto exchanges Gemini and Coinbase are among the companies participating in the bids. Court documents show that one of the consortium is
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Celsius might sue media personality for leaking confidential information
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to reports, the now-bankrupt Celsius Network is preparing to sue a creditor and media personality, Tiffany Fong, for disclosing confidential information. Fong, however, claims she did nothing wrong by making public sensitive details related to the
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Digital Asset Investment Firm NovaWulf to Tokenize Equity of Celsius’ New Firm With $2B Assets, After Takeover
General earn creditors, with claims below $5,000, will see 70% recovery of their claims in liquidity cryptos, the presentation said. Up to 100% of the rest of the assets, minus what is needed to run the new company, will be dispersed to earn creditors with claims over $5,000, who will
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Celsius Network to make April 12 filing, including info on voting for restructuring plan
Bankrupt crypto lender Celsius Network has announced it will be moving forward on its Chapter 11 restructuring plan with a disclosure statement containing information for claim holders.In a April 7 notice to users, the Celsius debtors said they will file a disclosure statement on April 12. A March 31 court
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Celsius submits chapter 11 reorganization plan centered on NovaWulf deal
Celsius Network, the bankrupt cryptocurrency company, filed its chapter 11 reorganization plan in the late hours of March 31, 2023, built around NovaWulf Digital Management, an SEC-registered investment manager. Celsius submits chapter 11 restructuring plan The announcement was made by the Celsius Official Committee of Unsecured Creditors, pointing this as a significant step in
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