Celsius
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Crypto Lender Celsius’ Bankruptcy Plan Administrator Distributes More Than $2.5B
“Approximately 64,000 of these remaining creditors have a distribution of less than $100, and approximately 41,000 more have a distribution…
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USDT Issuer Tether to Fight Celsius’ $3.3 Billion ‘Shakedown’ Litigation
The case concerns a loan agreement between Celsius and Tether that allowed Celsius to borrow stablecoins “to operate certain critical…
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Bitcoin (BTC) Miner With Celsius Assets Delays IPO Plan After Losing CEO and Auditor
“RSM’s decision was not a result of any disagreements with the Company on accounting principles, practices, financial statement disclosure, or…
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How Investors Should Handle Celsius in Their Tax Returns This Year
The tax implications of Celsius, which finalized its bankruptcy in January, are complex. Creditors are categorized into specific groups, each…
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Celsius’ Bitcoin (BTC) Mining Assets to Restart Under Ionic as the New Unit Prepares to Go Public
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Celsius to Distribute $3B Crypto to Creditors as Firm Emerges From Bankruptcy
“When we were appointed in June 2022, everyone assumed Celsius would disappear completely like the other crypto lenders that were…
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Ethereum Validators Forced to Wait Days to Unstake Amid Celsius Withdraws
The exit queue for Ethereum validators spiked to over 16,000 on Friday, while it was just at 26 the previous…
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Ether Price May Rise After Defunct Crypto Lender Celsius Says It Will Unstake Its ETH Holdings
“Celsius will unstake existing ETH holdings, which have provided valuable staking rewards income to the estate, to offset certain costs…
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Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
“In the coming weeks, the Debtors intend to file a motion with the Bankruptcy Court to approve modifications to the…
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Celsius (CEL) Revamp Plan Hits Speed Bump With SEC: Source
“My understanding is that the SEC asked for more information to make a determination,” the person said. “The way I’m…
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