Celsius Clients Beg Bankruptcy Court to Release Crypto, One Customer Needs Funds to ‘Put Food on the Table'

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.

Timeline of Celsius

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.

Tether's (USDT) liquidation of the $840 million loan it gave to Celsius could be under scrutiny under bankruptcy law to determine if the process was valid, the Financial Times reported July 26. The post Tether's $840M Celsius loan liquidation poses legal troubles appeared first on CryptoSlate.

Celsius has submitted a motion to bring back its former CFO to provide his expertise on the company's financial situation. The post Celsius wants to bring on former CFO as adviser for bankruptcy proceedings appeared first on The Block.

A new class action lawsuit against TerraForm Labs and its CEO, Do Kwon, was filed by Bragar Eagel & Squire, P.C. The post Terra, Celsius hit with class action lawsuits in the US appeared first on CryptoSlate.

Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific in nature,” Coinbase stressed.

Singapore-based crypto exchange Zipmex declared on Thursday that it has a total of $53 million worth of funds in exposure to crypto lenders Celsius Network and Babel Finance. The latest development comes barely a day after Zipmex halted withdrawals of users' funds on Wednesday.

A former Celsius executive revealed that the company may have manipulated CLE token price. Timothy Cradle started working at Celsius for 2 years as a anti money laundering (AML) analyst.

As the crypto winter draws upon, Singapore-based crypto exchange Zipmex becomes the latest to halt withdrawals on the platform. The cryptocurrency exchange also has major operations in Thailand.