Bankrupt Crypto Lender Celsius Could Leave Customers Last In Line To Get Paid

Bankrupt crypto lender Celsius Network claimed to operate like a bank, only better. However, because it was not actually a bank, many of its depositors are about to find out that they may have to wait a very long time to get reimbursed.

Timeline of Celsius

Crypto lending is going sour for many investors who are now seeing very real risks play out as companies like Celsius go under, leaving withdrawals and money frozen. "I knew there were risks," said a client in an unsigned letter to the judge overseeing the multi-billion-dollar Celsuis bankruptcy, one of many such letters.

Celsius users beg the court to release the frozen crypto with one user even saying that he needs the money to put food on the table so let's read more today in our latest cryptocurrency news.

Celsius has confirmed that a list of client email addresses was stolen by an employee of Customer.io, increasing the risk of phishing attacks by malicious third parties. The post Celsius Data Breach Could Spell Further Misery for Users appeared first on BeInCrypto.

Embattled crypto lender Celsius Network has revealed via email that some of its customers' data were breached by an employee of Customer.io. The post Celsius reveals customer data breach by vendor's employee appeared first on CryptoSlate.

US Senator Pat Tomey has called out the Securities and Exchange Commission over their role in the build-up to investors losing funds deposited on Celsius. The crypto lending platform announced some weeks ago that it was suspending withdrawals, holding on to investors' funds.

Celsius has revealed that a list of its users' email addresses was stolen by a Customer.io employee during the same data breach that affected the NFT marketplace OpenSea in late June.

After the crypto lender Celsius filed for bankruptcy protection on July 13, the company recently contacted customers and explained that an employee from one of the firm's vendors accessed a list of Celsius client emails, and the email addresses were “transferred to a third party.

Celsius customer emails were leaked in the same Costumer.io data breach that impacted OpenSea. The post Celsius also hit by Costumer.io email data breach appeared first on The Block.

Celsius has filed a motion to enter into an advisory agreement with former CFO Rod Bolger. Celsius believes Bolger's experience, knowledge, and familiarity with the business can help it move forward.

Crypto lending platform Celsius Network has petitioned the US Bankruptcy Court to grant it permission to re-engage Rod Bolger, its former Chief Financial Officer for resuming consultation.