PYMNTS-MonitorEdge-May-2024

Celsius

Celsius Bankruptcy Case Comes to a Close
Celsius Bankruptcy Case Comes to a Close
November 09, 2023  |  Cryptocurrency

Cryptocurrency platform Celsius Network has won permission to end its bankruptcy case. And with that approval, the company can now return most of the remaining crypto back to its...

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SEC Raises Concerns Over Coinbase’s Role in Celsius’ Bankruptcy Plan
SEC Raises Concerns Over Coinbase’s Role in Celsius’ Bankruptcy Plan
September 25, 2023  |  Cryptocurrency

The Securities and Exchange Commission (SEC) has reportedly expressed reservations regarding Coinbase Global’s proposed involvement in Celsius Network’s plan to emerge from bankruptcy. The SEC, which previously charged Coinbase...

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Crypto Collapse Yields $700 Million Payday for Turnaround Specialists
Crypto Collapse Yields $700 Million Payday for Turnaround Specialists
September 06, 2023  |  Cryptocurrency

The bankruptcies of five major cryptocurrency firms have been a boon for corporate turnaround specialists. That’s according to a report published Tuesday (Sept. 5) by...

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Celsius Founder Facing Fraud Charges and 3 Regulatory Lawsuits
Celsius Founder Facing Fraud Charges and 3 Regulatory Lawsuits
July 13, 2023  |  Cryptocurrency

The ex-CEO of Celsius is facing federal fraud charges as the government’s crackdown on the cryptocurrency sector continues. In addition to the charges filed Thursday (July 13)...

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Apollo Global Management Reportedly Participating in Bid for Celsius
Apollo Global Management Reportedly Participating in Bid for Celsius
May 08, 2023  |  Cryptocurrency

Asset manager Apollo Global Management is reportedly participating in one of the bids for Celsius. The firm is one of the investors in a bid...

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CoinEx Taking ‘Active Steps’ to Address NY AG Crypto Lawsuit
CoinEx Taking ‘Active Steps’ to Address NY AG Crypto Lawsuit
February 23, 2023  |  Cryptocurrency

CoinEx says it is taking measures to address claims it’s operating illegally in New York. The crypto exchange made that announcement Thursday (Feb. 23), one day...

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Crypto’s Lapses Hold Big Industry Lessons
Crypto’s Lapses Hold Big Industry Lessons
February 16, 2023  |  Cryptocurrency

For the cryptocurrency industry to grow, sector foibles can’t keep looking so avoidable in retrospect. This, as a recent class action lawsuit filed in California...

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Bankruptcy Judge: Celsius Owns Bulk of Customer Crypto Deposits
Bankruptcy Judge: Celsius Owns Bulk of Customer Crypto Deposits
January 05, 2023  |  Cryptocurrency

Celsius owns most of the customer deposits on its platform, a federal judge has ruled. In his ruling Wednesday (Jan. 4) in the cryptocurrency lender’s bankruptcy...

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Bankruptcy Judge to Decide If Celsius or Clients Own Crypto
Bankruptcy Judge to Decide If Celsius or Clients Own Crypto
December 05, 2022  |  Cryptocurrency

A federal judge will soon decide who owns cryptocurrency in interest-bearing accounts.  In the bankruptcy case of crypto lender Celsius Network, U.S. Bankruptcy Judge Martin...

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