Celsius Wallet's $36 million Ethereum deposit into exchanges amid restructuring reflects ongoing efforts to address financial woes. Despite founder legal issues, a court-approved plan introduces "NewCo" for fund generation. Unstaking activities aim to ensure timely distributions to creditors, emphasizing commitment amid intricate challenges.
Cheng YuanCelsius Network plans to unstake its Ethereum holdings to aid creditor distribution amid ongoing restructuring after a liquidity crisis. Shifting focus to crypto mining, the company aims to recover while navigating legal challenges, marking a transformative phase in its evolution.
JoyCelsius is trying to recover assets to repay creditors.
AlexThe current offer would mean selling the company to Farenheit Consortium, and customers getting between 67-85% of their money back.
ClementThe lender's action has elongated the validators queue to 45 days.
BeincryptoIndividuals involved in Celsius’ bankruptcy case objected to a motion made by the defunct crypto lender that would extend a key deadline for the second time.
decryptThe messy FTX narrative took an intriguing turn on Tuesday when Alameda Research slapped Voyager Digital with a lawsuit.
BitcoinistCelsius reportedly onboarded attorneys to find different solutions to the current financial challenges that the company is facing.
CointelegraphAn unnamed source told CNBC that the company plans to file the bankruptcy paperwork "imminently."
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