Bitcoin News / Bitcoinist - 11 months ago
Celsius Network has taken a decisive step by releasing a new filing, requesting account holders who withdrew $100,000 or more worth of crypto within the 90 days leading up to the network’s bankruptcy petition date to promptly return the funds.
Celsiu...
Bitcoin News / Bitcoin.com - 11 months ago
The bankrupt cryptocurrency lender Celsius Network announced its plan to unstake significant holdings of ethereum to facilitate asset distribution to its creditors. This move is part of the firm’s ongoing efforts to restructure and resolve out...
Cryptocoins News / CoinJournal - 11 months ago
The US Bankruptcy Court for the Southern District of New York approved Celsius Network’s restructuring plans for bitcoin mining on Wednesday.
Celsius filed for Chapter 11 bankruptcy protection in July 2022.
A US bankruptcy court has approved...
Bitcoin News / Bitcoinist - 1 year ago
Crypto lender Celsius Network may be required to seek a new creditor vote on its proposed transition into a Bitcoin (BTC) mining business, according to a Reuters report.
Celsius Network Faces Potential Pushback
Last week, Celsius Network announced i...
Cryptocoins News / Finance Magnates - 1 year ago
Celsius Network has secured the approval of the US
bankruptcy court to restructure its business. In the plan, the company has promised to return
crypto assets to customers and outlined a new vision. This
marks an important phase for the crypto lender...
Cryptocoins News / Blockchain - 1 year ago
Celsius Network has received court approval for its Plan of Reorganization, which aims to transform the company into a creditor-owned bitcoin mining firm, with over 95% creditor support, and aim for a 2024 Chapter 11 emergence. (Read More)
Bitcoin News / Bitcoinist - 1 year ago
Failed crypto lender Celsius Network has received bankruptcy court approval for its plan to transform into a creditor-owned Bitcoin mining firm, as reported by Bloomberg.
The approval is part of a wider proposal aimed at repaying customers who have...
Bitcoin News / Bitcoinist - 1 year ago
In a recent development, the Bankrupt crypto lending firm Celsius Network has transferred its crypto holdings amid its ongoing legal battles and plans to repay its customers.
Celsius Network Transfers $30 Million Worth Of Crypto
In a post shared on h...
Cryptocoins News / Blockchain - 1 year ago
The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to the Chapter 11 restructuring plan of crypto lending platform Celsius Network. The objection, dated September 22, 2023, specifically targets the company's proposed arra...
Bitcoin News / Bitcoinist - 1 year ago
In a recent development, the Securities and Exchange Commission (SEC) has expressed concerns regarding Coinbase involvement in the restructuring plan of Celsius Network. This crypto-lending company filed for bankruptcy over a year ago.
The federal a...