February 1, 2023 │ 4:00 PM GMT Celcius’ creditor committee refuted claims that bids for the firm’s assets were rejected. A crypto blogger, Tiffany Fong, posted about the rejected bid last week. The attorney for the Creditors Committee described the reports as “regrettable.” Besides these claims, crypto lender Celsius has
There have been rumours circulating that the bids for Celsius’ crypto assets have been turned down, however the attorney who represents the official creditor committee for Celsius has refuted such rumours. Attorneys from White & Case LLP, Gregory Pesce and Aaron Colodny, addressed the so-called “leaked” bids for Celsius’ crypto
A new report found that Celsius was using customer funds to prop up the value of its CEL token. Key Takeaways Celsius used customer funds to pump the price of its CEL token. It also used new deposits to fund customer withdrawals. Celsius CEO Alex Mashinsky and other Celsius executives
Key Takeaways New York Attorney General Letitia James filed a civil suit against former Celsius CEO Alex Mashinsky today. James claims Mashinsky defrauded investors by making false statements about the company’s financials. She is seeking restitution, damages, and to bar Mashinsky from ever doing business in New York again. Former
The legal team requested the court appoint a committee representing certain shareholders or the case could end up “inappropriately and inequitably skewed in favor of the customers.” 459 Total views 15 Total shares An international law firm representing groups of Celsius investors has filed a motion to appoint a committee
Most crypto investors probably never heard of Wintermute Trading before the Sept. 20 $160 million hack, but that does not reduce their significance within the cryptocurrency ecosystem. The London-based algorithmic trading and crypto lending firm also provides liquidity to some of the largest exchanges and blockchain projects.As a crypto-native trading