Celsius - Claimpayback

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Celsius posts positive results as Bitcoin market stabilizes

0xMain
May 17, 2023

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Compared to the previous month, the number of bitcoin mining rigs that were operating as a part of the Celsius Network climbed by 18% in April. As of April 30, 2023, the insolvent cryptocurrency lender controlled 53,000 active mining machines. The company achieved...

Celsius transfers $772m in stETH from Lido amid withdrawal enablement

0xMain
May 16, 2023

772m, Celsius, enablement, Hacking, lido, stETH, transfers, withdrawal

Crypto lender Celsius has swiftly moved its Ethereum (ETH) staking tokens from the liquid staking platform Lido following the platform’s recent introduction of withdrawal capabilities. In a notable transaction on May 15, Celsius wallets transferred a substantial amount of 428,015 stETH (Lido staked...

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Core Scientific challenges Celsius Network’s $4.7m compensation claim

0xMain
May 9, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Core Scientific, a bankrupt bitcoin miner, is protesting against the payment of $4.7 million in executive compensation filed by crypto lending platform Celsius Network. The latest development has resulted...

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Celsius’ claims separation of US and UK operations was ‘sham’

0xMain
May 4, 2023

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According to newly filed documents, defunct crypto lender Celsius Network seeks to merge its UK and US operations, claiming their separation was a “sham.” The operations that allowed the transfer of billions of dollars in assets between the two were likely fraudulent, according to a...

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Coinbase, Gemini take center stage in upcoming Celsius auction

0xMain
April 24, 2023

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The fate of Celsius Network, a crypto lending platform that went bankrupt last year, will be decided by auction on April 25 in New York, and two new consortiums have joined the bidding war for the company’s assets, which include bitcoin mining equipment,...

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Bhutan held millions of dollars worth of crypto in BlockFi and Celsius

0xMain
April 17, 2023

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Bhutan, a small country in the Himalayas known for its happiness index and isolation from the world, has secretly been investing in cryptocurrency for over a year. This was revealed by the bankruptcy filings of two crypto lending platforms, BlockFi and Celsius, which...

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Celsius might sue media personality for leaking confidential information

0xMain
April 15, 2023

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According to reports, the now-bankrupt Celsius Network is preparing to sue a creditor and media personality, Tiffany Fong, for disclosing confidential information. Fong, however, claims she did nothing wrong by making public sensitive details related to the lender since a non-disclosure agreement (NDA)...

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Celsius submits chapter 11 reorganization plan centered on NovaWulf deal

0xMain
April 2, 2023

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Celsius Network, the bankrupt cryptocurrency company, filed its chapter 11 reorganization plan in the late hours of March 31, 2023, built around NovaWulf Digital Management, an SEC-registered investment manager. Celsius submits chapter 11 restructuring plan The announcement was made by the Celsius Official Committee of...

Celsius sets end of April as new deadline for proof of claim

0xMain
March 26, 2023

April, Celsius, claim, deadline, Hacking, proof, sets

After the Customer Contract Decision, the bankruptcy partner at McCarter & English, LLP, David Adler, announced that Celsius is adjusting its timetables. Apr. 28, 2023, is the new cutoff, also called the Bar Date. Because of this amendment, it is now possible for creditors to...

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Celsius to repay 72.5% of the crypto assets on custody account settlement

0xMain
March 21, 2023

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A federal judge authorized a settlement in the bankruptcy case of the defunct crypto lender Celsius. Holders of custodial accounts can now collect 72.5% of the crypto in such arrangements. During a hearing on March 21 in the US Bankruptcy Court for the...