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The Latest Breaking News from Celsius Network

Crypto: A Bernie Madoff-Style Scheme May Have Crushed Prominent Lenders

Most financially troubled crypto lenders have one thing in common: hedge fund Three Arrows Capital.

The Street

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.

Benzinga

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.

Bangkok Post

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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

The Guardian - UK

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.

Evening Standard

Celsius Bankruptcy Filing Hits Boiling Point on Social Media

Twitter rocks with rage and regret as Celsius Network announces its bankruptcy filing.

The Street

Another Prominent Crypto Lender Goes Down

Celsius Network was one of the first crypto lenders to prevent its customers from withdrawing their money last month.

The Street

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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

Benzinga

Stocks Lower, JPMorgan, TSMC, Celsius Network And Tesla In Focus - Five Things To Know

Stocks lower as inflation shock triggers steeper Fed rate bets; JPMorgan kicks-off bank earnings amid Jamie Dimon's 'hurricane' warning; TSMC sees 'firm' chip demand after solid Q2, robust global outlook; Celsius Network files for bankruptcy, won't seek authority to allow withdraws and Tesla loses autopilot executive as Musk chases self-driving…

The Street

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.

Evening Standard

Crypto lender Celsius files for bankruptcy

NEW YORK: US crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices.

Bangkok Post

Celsius Network: cryptocurrency lender files for bankruptcy

Company enters Chapter 11 process as fallout continues from collapse of global cryptocurrency networks

The Guardian - AU

Celsius weighs bankruptcy filing as crypto trader crisis grows

Beleaguered crypto lender Celsius Network is exploring a possible bankruptcy filing as it becomes the latest victim of the crash in the sector.

Evening Standard

Crypto Liquidity Crisis Is a Boon for This Swiss Firm

Nexo believes that it's the company's duty to offer help to struggling lenders.

The Street

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Benzinga

Is Crypto Imploding? Jim Cramer Thinks So: 'There's No Real Value There'

CNBC host Jim Cramer is once again taking issue with the crypto market, deeming it to have “no real value.” On CNBC's Squawk Box Tuesday, the former hedge funder took issue with the severe liquidity crunch across the entire sector, and the insolvency faced by major firms such as Celsius…

The Street

Crypto Crisis: Struggling Crypto Lender About to Be Acquired by Rival

Crypto firm Nexo is reviewing the assets of lender Vauld with the intent of acquiring the struggling crypto financial services company.

Bangkok Post

Crypto lender Vauld freezes withdrawals, eyes restructuring

Vauld, a crypto lender backed by Coinbase Inc, said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals from Celsius Network to Babel Finance in resorting to last-ditch measures to survive the market rout.

Asharq Al-Awsat

Crypto Lending World Sways under Risk and Turmoil

Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients now face financial ruin due to their appetite for risk and a paucity of regulatory guardrails. Celsius Network, which suspended withdrawals in mid-June, had advertised a seemingly difficult-to-reconcile mix of interest rates, charging just…

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The Street

Rumors Intensify About Financially Troubled Crypto Lender Celsius

The firm has suspended fund withdrawals and other transactions since June 12.

The Street

Bitcoin Climbs Above Critical Level Following Weekend Slide

Bitcoin diehards may have felt they were walking on the 'boulevard of broken dreams,' an analyst says, but crypto 'is not going away.'

Benzinga

Celsius Employees May Have Committed Fraud: Crypto Analyst

Crypto lending and interest-bearing account service Celsius Network (CRYPTO: CEL) halted withdrawals as blockchain analysis suggested

The New Daily

A Ponzi scheme is a Ponzi scheme, crypto or otherwise

A facet of the crashing crypto game has reminded me of a journalistic failure 25 years ago, a story that got away and cost mugs millions of dollars.

Benzinga

Why Is Celsius Token Crashing? Ethereum's DeFi vs. CeFi Lending, Explained

Celsius Token (CRYPTO: CEL) has plunged over 60%, as Celsius Network pauses withdrawals, given turbulent market conditions.

The Street

"AND It's Gone": Social Media Angry And Furious Over New Crypto Scandal

Crypto investors are burning up social media after crypto lender Celsius Network says it is pausing all withdrawals.

The Street

Is One of the Biggest Crypto Lenders on the Brink of Bankruptcy?

Celsius Network has suspended the withdrawals. Nexo, another crypto platform, has just made an offer to buy its assets.

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