Celsius 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.
JoyEx Celsius Network CEO Alex Mashinsky, currently facing seven criminal charges related to crypto fraud, is scheduled to begin trial on 17 September 2024.
CatherineAs the bankruptcy proceedings of Celsius Network reach their culmination, a concerning resurgence of phishing attacks has emerged, posing significant risks to the lender's creditors.
CatherineCelsius is trying to recover assets to repay creditors.
AlexIndividuals 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.
decryptCelsius CEO Alex Mashinsky to step down immediately. The CEL token tanked 10% following the announcement.
BeincryptoBeincryptoCelsius 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."
Cointelegraph"Our front office teams [...] think and act like risk managers to ensure that we are not exposed in any significant way to market swings," said Celius chief financial officer Rod Bolger.
Cointelegraph