Lates News on Celsius

The Index, which measures overall sentiment in the crypto market, has not seen levels this low since the collapse of multiple crypto firms in 2022.

The former Celsius CEO was scheduled to be sentenced in April after pleading guilty to two felony charges.

The crypto lender made two claims, both of which were dismissed for various reasons, including procedural shortcomings.

Former Celsius chief revenue officer Roni Cohen-Pavon pleaded guilty to US criminal charges in 2023 and has been allowed to travel to Israel on bail.

US authorities charged the former Celsius CEO with seven felony counts related to fraud and misleading users after reaching a “non-prosecution agreement” with the company in 2023.

The debtor’s estate for the failed crypto lending platform announced a second payout of $127 million to creditors, but some are still unhappy.

A federal judge ruled that Alex Mashinsky’s legal team’s arguments to dismiss two of his seven criminal charges were “either moot or without merit.” 

Judge John Koeltl ordered Alex Mashinsky and prosecutors to appear in court on Nov. 13 to address the former Celsius CEO’s motion to dismiss fraud and market manipulation charges.

The Celsius token skyrocketed 300% a month after the firm paid $2.5 billion to creditors, marking a strong rebound in the aftermath of its bankruptcy settlement. 

The timing of a travel request filed by Roni Cohen-Pavon in a US court coincides with a crypto conference that Celsius executives have previously attended.

Crypto hacks may surpass 2023’s record, with $1.2 billion already stolen, and Celsius is finally beginning to repay its creditors.

Over 121,000 Celsius creditors have yet to claim their funds, according to the Celsius bankruptcy administrator. 

Tether's USDT is now live on the Aptos blockchain, aiming to enhance digital currency use with ultra-low fees.

The assets in question were evidently given to Tether as collateral.

Two Celsius creditors have filed a motion asking for a second distribution after they allegedly suffered reduced payments from possessing corporate accounts.