Celsius

Celsius Network transfers over $1 billion in Ethereum to exchanges, possibly for creditor repayments

January 28, 2024 1 min read

Celsius Network, a crypto lender, has sparked market activity by transferring more than $1 billion in Ethereum (ETH) to exchanges such as Coinbase, Paxos, and FalconX. This transaction, totaling 459,561 ETH, continues Celsius’ trend of large fund transfers, raising concerns about its intentions. Celsius sent 300,000 ETH to Coinbase Prime, with additional funds going to Paxos and FalconX. Spot on Chain, a crypto analysis firm, revealed that Celsius has been

Celsius Network Shifts Ethereum Worth Over $125 Million Ahead of Debts Payment

January 16, 2024 1 min read

With its recent approval from a New York Court to repay a staggering $2 billion in debts, Celsius Network has taken center stage in the ever-changing crypto landscape. This action sparked a wave of asset transfers, attracting the attention and speculation of the crypto community. With the court’s approval, Celsius Network is preparing to repay its debts by returning around $2 billion in Bitcoin, Ethereum, and shares in a crypto

Bankrupt Crypto Lender Celsius Network Asks Creditors To Return 27.5% Of Funds

January 11, 2024 2 mins read

Customers of the bankrupt crypto lender Celsius Network are now in hot water as bankruptcy managers pursue legal action against those who made significant withdrawals within 90 days of the company’s bankruptcy declaration. This action has left affected customers with the difficult choice of returning some of their funds or facing additional legal consequences. A recent filing, made public on Tuesday, sheds light on the legal disputes involving customers who

Celsius faces criticism for allegedly misusing funds, misleading investors in bankruptcy case

January 31, 2023 1 min read

Bankrupt cryptocurrency lender Celsius Network is facing allegations of misleading its investors and using new customer funds to cover outstanding withdrawals. This comes from an independent examiner appointed by the New York bankruptcy court, Shoba Pillay, a former federal prosecutor and partner at Jenner & Block law firm. Pillay was tasked with investigating the New Jersey-based lender’s operations to determine if it was operating as a Ponzi scheme. Celsius filed