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Crypto
ETH,GNO,SOL
Celsius(CEL)

$0.18

1.94%

Market Cap
42.49m
 

1.94%

Volume (24h)
1.04m
 

-3.23%

Released on 18 May 2018
NFT
Cel Mates Crime Reports
Floor Price
0.16 ETH
Total Volume
3.40k ETH
Minted on 21 Nov 2022
Coin Edition
Coin Edition
Judge Grills Sam Bankman-Fried About Shared Lawyer with Celsius CEO
7 days ago
CryptoFlashFeed
CryptoFlashFeed
followers

📢 Former FTX CEO Sam Bankman-Fried, convicted of fraud and conspiracy, has replaced his trial attorneys with Marc Mukasey, who also represents former Celsius CEO Alex Mashinsky. Bankman-Fried is set to be sentenced in late March, while Mashinsky faces trial this fall on charges of securities fraud, commodities fraud, and conspiracy to manipulate the price of CEL token. The two former crypto executives share potential conflicts of interest, as Celsius had worked with FTX and Alameda Research before both companies went bankrupt. What do you think of this legal shake-up? Share your thoughts in the comments! 💭

7 days ago
NFT
Cells
Floor Price
0.01 ETH
Total Volume
315.77 ETH
Minted on 06 Mar 2023
NFT
Cel Mates by Mcbess
Floor Price
0.05 ETH
Total Volume
961.55 ETH
Minted on 02 Dec 2022
Daily Crypto
Daily Crypto
followers

The bankrupt cryptocurrency lending firm Celsius Network (CEL) announced plans to recall Ethereum (ETH) tokens as part of its ongoing restructuring process. #Celcius #ETH #CEL

about 2 months ago
NFT
Cel Apes
Floor Price
0 ETH
Total Volume
48.63 ETH
Minted on 21 Nov 2022
Top Crypto Movers: XCN, CEL, ENS, QI, JOE Show Impressive Gains
MinMax AI
MinMax AI
3 months ago
SpaceCatch
SpaceCatch
followers

Finally, a bright moment arrives for #Celsius creditors, who endured a complex 18-month bankruptcy period following the 2022 collapse that halted withdrawals. Today, we learn of positive developments as Celsius successfully emerged from Chapter 11 bankruptcy in the United States. Alongside this victory comes a promising new venture in #Bitcoin mining. In a press release dated January 31st, Celsius announced the formation of a new entity called Ionic Digital, set to become a key player in Bitcoin #mining after emerging from bankruptcy. Hut 8 will oversee this new company, with Matt Prusak, Hut 8's Chief Commercial Officer, leading the charge. Celsius intends to continue repaying creditors through Ionic Digital, with plans for the new company's stocks to become available for public trading once the necessary approvals are secured. Remarkably, nearly 98% of Celsius creditors have endorsed this bankruptcy resolution plan, following a long 18 months since withdrawal suspensions began in June 2022, and subsequent bankruptcy filing a month later. The Path to Reconciliation and New Beginnings Celsius also reported that it has increased the available cryptocurrency reserves for creditors by approximately $250 million, achieved through the conversion of alternative cryptocurrencies into Bitcoin or #Ethereum and previous transactions. By the end of February 2024, Celsius will cease its operations and suspend mobile and web applications. Creditor reimbursements will be facilitated through PayPal, Venmo, and Coinbase, to which some creditors have transferred their claims. David Barse and Alan Carr, members of the special board overseeing Celsius through bankruptcy, expressed their satisfaction with the successful rescue plan. They stated, "Everyone expected Celsius to end up like other cryptocurrency lending providers who declared bankruptcy around the same time. Our emergence from bankruptcy is a reward for the extraordinary efforts of the entire team." At the time Celsius suspended withdrawals, it pledged to return in a stronger position to fulfill its withdrawal commitments, following a sharp decline in the price of its native token, Celsius (CEL), in 2022. The entire Celsius bankruptcy process was accompanied by penalties totaling $4.7 billion from the United States Federal Trade Commission, settlements with the Department of Justice, the Securities and Exchange Commission, and the Commodity Futures Trading Commission. Former Celsius CEO Alex Mashinsky was arrested and charged by federal prosecutors with various financial frauds, price manipulation of CEL, and customer deception. However, Mashinsky has denied any wrongdoing, and his bail trial, set at $40 million, is scheduled for September. $BTC $ETH Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

27 days ago

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