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The Latest Breaking News from Celsius Network

Celsius Network Founder Pleads Guilty To Federal Fraud Charges

Founder of Celsius Network pleads guilty to fraud charges for manipulating token prices and deceiving customers, facing up to 30 years in prison.

Top News

Celsius Network Founder Alex Mashinsky Pleads Guity To Two Counts Of Fraud, Including Manipulating In-House Crypto's Price

Alex Mashinsky, the disgraced founder and ex-CEO of cryptocurrency lender Celsius Network, admitted guilt to two counts of fraud on Tuesday. What Happened: Despite his initial plea of not guilty, Mashinsky confessed to two of the seven charges during a hearing before a U.S. District Judge, according to a Reuters report.

Benzinga

Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network has pleaded guilty to federal fraud charges, admitting that he misled customers about the business

The Independent UK

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Founder of failed crypto lending platform Celsius Network arrested on fraud charges

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network has been arrested on federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business

The Independent UK

Celsius report details red flags investors missed

Customers have been trying to claw back $4.7 billion in deposits.

Fortune

Cryptocurrency News And Price Weekly Wrap-Up For Nov. 4, 2022

Cryptocurrency News Weekly Wrap-Up: Coinbase earnings; Binance's potential Twitter role; Elon pumps Dogecoin; Visa kicks it with Crypto.com

Investors Business Daily

Legal Troubles Escalate For Celsius As Court Broadens Scope Of Investigation

A New York bankruptcy judge expanded the scope of the investigation in the Celsius Network (CRYPTO: CEL) bankruptcy case, as the company’s clients demanded an inquiry into the activities of

Benzinga

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Bitcoin miner's stock slides on bankruptcy fears

Core Scientific listed on the Nasdaq on Jan. 20.

Axios

Cryptocurrency News And Price Weekly Wrap-Up For Oct. 21, 2022

Crypto News Weekly Wrap-Up: Jack Dorsey's decentralized social protocol; Tesla Bitcoin holdings; young investors turning to crypto; and more

Investors Business Daily

SpaceX Starlink's New In-Flight Connectivity Service, Amazon's NY Workers Reject Union, Celsius Network Faces Several Federal Investigations: Top Stories Wednesday, Oct. 19

Reuters US Lawmakers Plan Hearing On Kroger, Albertsons' $25B Merger

Benzinga

Cryptocurrency News and Price Weekly Wrap-Up For Oct. 7, 2022

Crypto News Weekly Wrap-Up: Top cryptocurrencies for Q4; Blockchain market predictions; Kim Kardashian's SEC settlement; Is bitcoin bottoming?

Investors Business Daily

Crypto Lender Celsius Network Ran A Ponzi Scheme For Years? That's What Bankruptcy Filings Imply

Celsius was insolvent as early as 2019, bankruptcy filings show. Vermont regulators say this suggests yields to existing investors were likely paid with new investors' assets.

Investors Business Daily

Celsius Network Is A Ponzi Scheme, Suggests Vermont Regulator; Slams CEO For 'False' Statements

The Vermont Department of Financial Regulation has outlined a variety of state concerns about unregistered securities offerings and fraud committed by the cryptocurrency firm Celsius Network, suggesting that the compan

Benzinga

Did You Invest In Celsius? 5 Reasons You May Have Lost Your Money

Beleaguered cryptocurrency lender Celsius is attempting to return coins to a small number of users who have been locked out of their accounts.

Benzinga

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Investors Business Daily

Bankrupt Crypto Lender Celsius Wants To Return $225 Mil To Users

Struggling cryptocurrency lender Celsius Network wants court permission to return digital assets to some users, according to the latest bankruptcy court proceedings. Hoboken, N.J.-based Celsius requested permission to release cryptocurrencies in its custody program and withholding accounts, which are for storage rather than generating returns. Roughly $210 million in assets…

Bangkok Post

SEC tightens rules for digital asset ads

The Securities and Exchange Commission (SEC) took steps yesterday to tighten the rules governing the digital asset market and penalise businesses that breach regulations.

Bangkok Post

Warning issued over DeFi transactions

The Securities and Exchange Commission (SEC) is warning investors to exercise caution when making decentralised finance (DeFi) transactions, saying there are risks and they do not fall under the supervision of the country's regulators.

Los Angeles Times

'Bachelorette' contestant's firefighter dad has retirement locked up in bankrupt crypto lender

Chapman Shallcross had been burned before. Shallcross, father of current "Bachelorette" contestant Zach Shallcross, spent 34 years in the fire service, retiring from his job as a fire captain for the city of Orange after health issues caught up to him in 2020. The elder Shallcross considers himself a hands-on,…

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ABC News

Australian investors left with nothing as cryptocurrency giant Celsius goes bankrupt

Australians describe their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals.

Benzinga

Here Is Everyone (For Now) 3 Arrows Capital (3AC) Owes Money To

As Three Arrows Capital (3AC) goes through the liquidation process mandated by the Order of the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands, the full depth of the company's implosion and its effect on the crypto industry is starting to become clear.

Bangkok Post

Crypto bankruptcy adds to Thai woes

The collapsing value of Thai digital assets has been exacerbated by the bankruptcy of US-based Celsius Network, following months of rapidly deteriorating sentiment in the global and domestic cryptocurrency markets and a series of insolvencies among high-profile crypto lenders.

The Guardian - UK

Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing

Company says it was faced with ‘run on the bank’ amid ‘cryptopocalypse’ as investors raced to withdraw assets

Evening Standard

Users owed £4 billion by bust crypto lender Celsius

A staggering $4.7 billion (£4 billion) of assets is owed to users of bankrupt crypto lender Celsius Network, court filings show, as crypto holders struggle to recover their investments in the wake of the Bitcoin price crash.

Benzinga

Benzinga Before The Bell: Tesla's AI Exec Quits, Hyundai Unveils Ioniq 6 EV, Taiwan Semiconductor's Massive Q2 Profit Surge And Other Top Financial Stories Thursday, July 14

CNBC United Airlines, Pilots’ Union To Improve Agreement By Renegotiating

Evening Standard

Celsius Network files for bankruptcy amid continued crypto woes

Crypto lender Celsius Network has filed for bankruptcy as it becomes the latest victim of the Bitcoin price crash.

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