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Celsius – XtremeCuztoms

Tag: Celsius

Bankrupt Cryptocurrency Platform Celsius Owns Rights to Most Customer Digital Assets: Judge

January 5, 2023
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A U.S. bankruptcy judge ruled on Jan. 4 that digital assets deposited into the cryptocurrency lending platform Celsius Network’s Earn program belong to the now-bankrupt company’s estate and not individual users. Celsius filed for Chapter 11 bankruptcy in July 2022 amid a liquidity crisis. At the time, the company had approximately 600,000 accounts that earned interest as part…

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Here’s How Celsius Executives Withdrew Millions Before Bankruptcy

October 10, 2022
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Bankruptcy court documents filed by lawyers of Celsius reveal that top executives at the crypto firm withdrew millions of cryptocurrencies before it declared the suspension of customer withdrawals. The court filing alleges that Celsius’ former CEO Alex Mashinsky, co-founder Daniel Leon and Chief Technology Officer Nuke Goldstein made a series of withdrawals totaling tens of…

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