Sign in

Just In: Celsius Shareholders Call For Equal Representation

coingape.com

Celsius, a bankruptcy ridden digital asset lending company is dealing with legal trouble amid the crypto downturn. However, its shareholders have now filed a motion to set up a committee in order to get the required representation.

Read in Full: coingape.com

Timeline of Celsius


Celsius Revival Hinges on “Crypto-Based Solutions and Tradable Wrapped Assets” - Crypto news

A new recording has emerged of Celsius Network Co-founder Nuke Goldstein discussing the plan to use "crypto-based solutions" to repay its Earn customers and revive the company's fortunes.


Celsius investors file for ‘fiduciary' to advocate for them in bankruptcy case - The Block

Two equity holders in bankrupt crypto lending platform Celsius filed a motion for a committee to represent their interests in court case. The post Celsius investors file for ‘fiduciary' to advocate for them in bankruptcy case appeared first on The Block.


Celsius Update: Troubled Crypto Lender Finally Releases Periodic Report on Subsidiaries - Crypto news

After complaints from the U.S. Trustee, Celsius Network has finally filed an operating report showing a detailed breakdown of the revenues and expenses of business entities with a substantial or controlling interest.


Celsius Network Revival Plan – Here's What It Includes! - CoinPedia

During a company all-hands meeting two weeks ago, CEO Alex Mashinsky was captured on tape discussing a plan to restart the business, code-named Kelvin. The creditor committee, which safeguards clients' and creditors' rights during the bankruptcy procedure, acknowledged that Mashinsky had met with them and made a proposal.


Celsius revival plan appears to include issuing wrapped assets - The Block

Another recording of Celsius leadership indicates the firm's proposal includes issuing tradable wrapped assets to customers. The post Celsius revival plan appears to include issuing wrapped assets appeared first on The Block.


Is Celsius Not Being Open Enough About Its Financial Situation? - LiveBitcoinNews

Sasha Hodder – founder of Hodder Law Firm – has mentioned the U.S. trustee overseeing the Celsius Network bankruptcy proceedings is seeking the aid of an independent examiner due to the company not being transparent enough.


Third-party Examiner Appointed To Review The Celsius's Finances - Bitcoinworld

The Celsius bankruptcy is still active, and a recently exposed all-hands meeting recording suggests that the company wants to try to implement a revival strategy. The Committee of Unsecured Creditors (UCC) overseeing the Celsius bankruptcy doesn't appear to support the proposal, though.


Celsius Files for Permission to Sell Stablecoin Holdings - Crypto Daily

Bankrupt cryptocurrency lending firm Celsius Network has filed an application to the court for authorization to sell its stablecoin holdings in a bid to generate liquidity to continue its daily operations. Celsius Network, which is currently in Chapter 11 bankruptcy proceeding before the U.S. Bankruptcy Court for the Southern District of New York has asked the court for permission to sell its stablecoin holdings.


Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins - Bitcoin

According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak, a Southern District of New York bankruptcy judge appointed a third-party examiner to review the company's finances.


Why Celsius Investors Don't Seem Upbeat Despite CEL Rallying 30% - NewsBTC

Celsius (CEL) has been on the headlines recently in line with hearing updates following its filing of bankruptcy and sale of stablecoins. CEL price spikes 30% as seen in the past 24 hours Price slumps 13.21% despite improvement in social media metrics ETH Merge to impact CEL performance Celsius Network has recently filed for bankruptcy in July and is now in Chapter 11 proceedings.

Claim Your 100 USDT Reward
Earn a limited-time reward by registering and starting your crypto journey now! Claim Reward!
Bitcoin Bitcoin
70887.2000 1.24%
Ethereum Ethereum
3581.98000 0.18%
BNB BNB
585.913000 1.91%
Solana Solana
185.648000 -0.23%
XRP XRP
0.62083600 0.23%