Celsius

Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy
Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy
CORRECTION: Since publication, the reporting and headline has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that mo...
Celsius’ Top Execs Cashed Out $17M in Crypto Before Bankruptcy

South Korea To Invalidate Terra Founder Do Kwon’s Passport
South Korea To Invalidate Terra Founder Do Kwon’s Passport
CORRECTION: Since publication, the reporting and headline of Celsius executives withdrawing crypto has been corrected to $17 million based on documentation provided by CTO Nuk...
South Korea To Invalidate Terra Founder Do Kwon’s Passport

Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment
Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment
Creditors of crypto lending firm Celsius have moved to subpoena lending firm Equities First. Celsius’ former CEO Alex Mashinsky said his firm is still owed $439 million from E...
Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment

Texas Opposes Plan by Celsius to Fund Operations With Stablecoin Sales
Texas Opposes Plan by Celsius to Fund Operations With Stablecoin Sales
Texas state agencies are objecting to a plan by bankrupt crypto lender Celsius Network to sell off its stablecoin holdings to pay for ongoing operations, according to a new co...
Texas Opposes Plan by Celsius to Fund Operations With Stablecoin Sales

Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets
Strike, a Chicago-based bitcoin payment provider run by crypto entrepreneur Jack Mallers, raised $80 million in a Series B funding round led by Ten31. Crypto billionaire Jihan...
Strike Raises $80M; Bitmain Founder Reportedly Setting Up $250M Fund for Distressed Bitcoin Mining Assets

Crypto Execs From Celsius, Kraken, FTX.US Step Down From Roles
Crypto Execs From Celsius, Kraken, FTX.US Step Down From Roles
Celsius CEO Alex Mashinsky, Kraken CEO Jesse Powell, and FTX.US President Brett Harrison are all stepping down from their roles amid crypto winter. U.S. Regulatory Reporter Ch...
Crypto Execs From Celsius, Kraken, FTX.US Step Down From Roles

Compute North Files for Bankruptcy; Cipher Considers Selling up to $250M in Stock
Compute North Files for Bankruptcy; Cipher Considers Selling up to $250M in Stock
Shareholders of bankrupt crypto lender Celsius Network have filed to claw back their investments and get first dibs on proceeds from the sale of certain assets. Crypto-mining...
Compute North Files for Bankruptcy; Cipher Considers Selling up to $250M in Stock

Celsius Network Appears to Be Considering Turning its Debt Into Crypto ‘IOU’ Tokens
Celsius Network Appears to Be Considering Turning its Debt Into Crypto ‘IOU’ Tokens
Bankrupt crypto lender Celsius Network appears to be considering a plan to turn its debt into crypto “IOU” (“I Owe You”) tokens. “The Hash” panel discusses what this means for...
Celsius Network Appears to Be Considering Turning its Debt Into Crypto ‘IOU’ Tokens

Celsius CEO Reportedly Mulls Crypto Custody Pivot After Lending Business Imploded
Celsius CEO Reportedly Mulls Crypto Custody Pivot After Lending Business Imploded
Celsius CEO Alex Mashinsky proposed revamping the failed crypto lending business as a digital asset custody firm, according to a New York Times report. Plus, bitcoin (BTC) and...
Celsius CEO Reportedly Mulls Crypto Custody Pivot After Lending Business Imploded

White House Report Calls for Crypto Mining Standard to Reduce Energy Usage
White House Report Calls for Crypto Mining Standard to Reduce Energy Usage
The White House Office of Science and Technology Policy called for the U.S. to conduct further research on the energy impact of crypto mining in order to set standards for the...
White House Report Calls for Crypto Mining Standard to Reduce Energy Usage