Celsius backtracks on hiring former CFO as consultant

Celsius has withdrawn its motion to rehire former CFO Rod Bolger as a consultant, according to an August 5 court filing. The post Celsius backtracks on hiring former CFO as consultant appeared first on CryptoSlate.

Timeline of Celsius

Bankrupt crypto lending platform Celsius has sought a judge's permission to reinstate the company's former CFO Rod Bolger and pay him $93,000 each month over a minimum of six weeks. According to a motion filed with the Southern District of New York Bankruptcy Court, Celsius stated, “In consideration for the advisory services rendered by Mr.

Ex-CFO Rod Bolger is being sought after by bankrupt cryptocurrency lender Celsius in exchange for $92,000 monthly pay, prorated over a minimum of six weeks, reported CNBC. What happened: According to a motion submitted to the Southern District of New York, the struggling lender claims that Bolger is necessary to assist it in navigating the bankruptcy proceedings as an advisor.

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.

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.