SEC Chair Gary Gensler: Crypto Lenders Offered 'Too Good to Be True' Returns

The SEC Chair claimed the behavior of some lending platforms is impractical and risky for investors.

Celsius' Bitcoin Mining Subsidiary Joins Crypto Lender in Bankruptcy Filing

Celsius Mining has joined its parent company in initiating voluntary Chapter 11 bankruptcy protection proceedings.

Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is 'Deeply Insolvent'

Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for bankruptcy protection: Voyager Digital and Three Arrows ...

Troubled Crypto Lending Platform Celsius Files For Bankruptcy

With $167 million left in cash, the embattled exchange has finally turned Chapter 11 rumors into reality.

Celsius Pays Off Last DeFi Loan in Push to Recoup $1 Billion

The repayment to Compound netted Celsius almost $200 million in collateral.

Crypto Lender 'Celsius Is Deeply Insolvent’, Says Vermont’s Financial Regulator

The Vermont Department of Financial Regulation also indicated that “until recently, Celsius was operating without regulatory oversight.”

Celsius Recovers Over $400M in Staked Ethereum Collateral From Aave Loan

The move brings the embattled lending platform’s total debt across DeFi protocols down to just $59 million.

BlockFi CEO Doesn’t Want to Be Compared to Voyager, Celsius

A few days after BlockFi’s warrants were downgraded to “worthless,” Zac Prince took to Twitter to ask that his company not be compared to peers.

Celsius Hires New Law Firm to Oversee Restructuring: WSJ

The crypto lending platform added legal counsel from Kirkland & Ellis LLP.

The Crypto Bailouts Have Begun. Is This the Only Way?

SBF is rescuing insolvent crypto companies left and right. Now CZ and Justin Sun want in. None of this is very healthy for the industry.

This Week in Coins: Bitcoin and Ethereum Rebound Despite Vauld and Voyager Woes

Although the industry appears mired in crypto winter, most top cryptocurrencies posted weekly gains.

Tether Liquidates Celsius Bitcoin Loan — 'Position Has Been Liquidated With No Losses' to the Company

On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin ...

How Celsius Is Scrambling to Wind Down Its DeFi Activity

A close look at wallet data on ApeBoard shows how Celsius is scrambling to wind down DeFi debt. Will it help, or simply delay the inevitable?

State Regulators Intensify Scrutiny of Voyager: Report

Regulators are digging deeper into past dealings of the embattled crypto exchange.

Tether Says It Liquidated a Bitcoin Loan Made to Crypto Lender Celsius

The stablecoin issuer says that the loan was overcollateralized and was liquidated in a way that "minimized" impact on the market.

Celsius Lost $390M of Client Funds From ‘High-Risk’ Levered Trading: Arkham Report

Arkham Intelligence also suggests that Celsius profited on “the spread between its returns and the interest it pays its users.”

Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had 'Naked Exposure to the Market'

On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason ...

KeyFi CEO Behind 0xb1 Twitter Account Sues Celsius for 'Ponzi Scheme'

The self-doxxed DeFi entrepreneur Jason Stone alleges that Celsius used customer funds to manipulate markets.

Binance CEO CZ on Sam Bankman-Fried's Voyager Bailout: ‘I Would Never Do That Type of Deal’

In an interview for Decrypt's gm podcast, CZ laid out Binance's approach to "bailouts" and criticized Alameda's lifeline to Voyager.

Dump Incoming? Celsius Pays Back Maker Loan, Moves $440M in Wrapped Bitcoin to FTX

After withdrawing its WBTC, the company added the recently released collateral to its FTX wallet. It now has $531M on the exchange.

Cumberland Says Financially Burdened Crypto Firms Are 'Hanging Over the Market Like a Cloud'

Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “​​rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed there’s a growing ...

Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld

Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore ...

Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing 'Restructuring Options' With Advisors

On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based cryptocurrency lending platform and exchange mentioned “financial difficulties” stemming ...

Lido Token Jumps 24% as Staked Ethereum Slowly Repegs

Lido’s Staked Ethereum was at the center of controversy last month. Now, it’s stabilizing, prompting a swift rise in its native token.

Crypto Lending Platform Vauld Halts Operations Citing Financial Difficulties

The Singapore-based crypto platform announced that it would halt operations and pause withdrawals until further notice.

Blockfi CEO Says FTX Has an 'Option to Acquire' Crypto Lender at a Price of up to $240M

According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that ...

Three Arrows Capital Files For Bankruptcy: Report

The bear market has mauled yet another high-flying crypto firm.

TSX-Listed Voyager Digital 'Temporarily' Suspends Trading, Deposits, and Withdrawals

After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July ...

Nansen Analysis Examines How Terra Collapse Affected Celsius and Three Arrows Capital

The company looked at on-chain flows of stETH, Ethererum staked with the platform Lido to accrue daily rewards.

FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming

In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the ...

Nexo Says It’s Nothing Like Celsius and Other Crypto Lenders. Here's What the Data Shows

The ongoing liquidity issues at crypto lenders BlockFi, Celsius, and Voyager Digital have put other crypto lenders in the hot seat, with some rushing to assure clients that their funds are safe. But Nexo, which points to its real-time attestations ...

Celsius Stories Littered With 'People Familiar With the Matter' Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy

The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly ...

Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales

Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor ...

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, ...

Celsius Enlists More Advisors to Help With Potential Bankruptcy: Report

Celsius its headed towards bankruptcy—and looking for help, sources tell the Wall Street Journal.

Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors

Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor ...

Crypto Exchange CoinFLEX Freezes Withdrawals Due to Counterparty 'Uncertainty'

CoinFLEX joins Celsius, Babel Finance, Finblox, and Voyager Digital in either freezing or limiting user withdrawals. Who’s next?

Nexo Proposes Buyout of Celsius Assets as Crypto Lending Rival Halts Withdrawals

Crypto lending platform Nexo came forward with a bid to acquire “certain remaining qualifying assets” of its competitor Celsius Network.

Crypto Lender Celsius Network is Under Investigation by Various States After Freezing Customer Transactions

Celsius Network users aren’t the only one who wants to know why the company froze withdrawals. State security boards in Alabama, Kentucky, New Jersey, Texas, and Washington were recently reported to have launched investigative probes into the cryptocurrency lender ...

'Few are Feeling OK': Celsius Investors Unlikely to Fund Bailout: Report

Leading investors in Celsius Network aren’t expected to back the embattled crypto lending company with additional funds.


Nexo Co-Founder: Crypto Crash 'Like Panic of 1907’

Celsius Up 50% Amid GameStop-Style Short Squeeze Attempt

As Tether Faces Billions in Redemptions, Circle's USDC Is Gaining Ground

Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet

Celsius Warns Stabilizing Liquidity 'Will Take Time' As Lead Investor Proposes Recovery Plan

Celsius 'In Dialogue' With 'Regulators & Officials', Gets Quieter About Its Operations

Cumberland Sees Massive OTC Moves During Crypto Market Rout — 'Most Volume We've Seen This Year'

This Week in Coins: Bitcoin and Ethereum Crash More Than 30% as Recession Fears Loom

Not Enough Liquidity for Celsius to Sell Staked Ethereum in Open Market - Analyst

MakerDAO Votes to Disable Aave DAI Supply, Reducing Celsius Exposure

Report: Celsius Hires Citigroup to Help the Startup Find 'Potential Financing'

Regulators in Five States Target Celsius Over Withdrawal Freeze: Report

Is Multibillion-Dollar Hedge Fund Three Arrows Next to Unravel? Here’s What’s Going On

Celsius Hires Restructuring Attorneys, Looking for Financing Options: Report

Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship

How the Celsius Liquidity Crunch Is Linked to Lido's Staked Ethereum

What Is Celsius and Why Is It Crashing?

Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm's Assets

Bitcoin Liquidations Top $300M as Top Cryptocurrencies Shed Double Digits

Celsius Tanks 70% in 1 Hour as Company Pauses Withdrawals to 'Stabilize Liquidity'

Crypto Exchange Bitstamp Launches Earn Product for Ethereum, Algorand in US

Celsius Phasing Out High-Interest Crypto Accounts for Non-Accredited US Investors

Robinhood Domesticates Shiba Inu, Changes for Celsius Users in US + More News

Crypto Lender Nexo Terminates Interest Payments on New Deposits From US Clients

Sotheby's Cancels CryptoPunks Auction, Canada Ends Use of Emergencies Act + More News

BlockFi to Pay $100M Penalty, Stop Opening New High-Yield Bitcoin Accounts: Report

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