Celsius Network

P2P marketplace Paxful cites regulatory pressure as it suspends services
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5 April, 2023

P2P marketplace Paxful cites regulatory pressure as it suspends services

Celsius bankruptcy and an ongoing legal dispute between Paxful's co-founders likely also played a part in the P2P marketplace shutdown.
Celsius bankruptcy judge authorizes discount sale of Bitmain coupons
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21 February, 2023

Celsius bankruptcy judge authorizes discount sale of Bitmain coupons

Following a ruling, Celsius debtors have been permitted to sell their Bitmain coupons, which offer mining rig buyers up to...
US gov’t, creditors oppose Celsius’ proposed restructuring extension
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14 February, 2023

US gov’t, creditors oppose Celsius’ proposed restructuring extension

The U.S. Trustee, unsecured creditors, and an ad hoc group of borrowers all filed objections against the extension, saying Celsius...
Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible
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2 February, 2023

Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible

Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page...
Celsius customers’ claims over assets in Earn accounts dismissed in New York
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30 January, 2023

Celsius customers’ claims over assets in Earn accounts dismissed in New York

Three clients had filed a motion seeking to be declared legal owners of assets on Earn accounts, but the judge...
‘Segregate customer assets,’ New York financial regulator warns
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24 January, 2023

‘Segregate customer assets,’ New York financial regulator warns

Under the latest New York Department of Financial Services guidance, custodians are required to "separately account for and segregate customer...
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