Celsius Network executes $24.5M Ethereum transfer to Coinbase at $3,022 per ETH, signaling financial recovery strategy. Largest withdrawal in three months amid efforts to restore reputation post-market crash. Transfer aligns with commitment to meet obligations and rebuild trust.
EdmundLawyers representing Binance in its battle against the Securities and Exchange Commission have made a startling revelation.
cryptopotatoCelsius announced Wednesday that it has selected Novawulf Digital Management, a digital asset investment firm, to help bring its high-profile bankruptcy case to a close.
decryptThe lawyer says the ongoing rumors about the firm’s bidding process are categorically false.
cryptopotatoDigital assets deposited in Celsius Network’s Earn program belong to the bankrupt company’s estate and not individual users.
decryptUSDT stablecoin issuer Tether has denied any connection between its investment in Celsius and its reserves or stability.
CointelegraphCelsius just paid 20 million USDC to Aave, continuing to reduce debt on the decentralized finance (DeFi) lending protocol.
CointelegraphLawyers for the bankrupt crypto lender reaffirmed that user funds essentially belonged to the company and not the user, with potentially one major exception.
CointelegraphKeyFi Inc.’s complaint alleges that Celsius failed to honor a multi-million dollar profit sharing agreement after deploying numerous successful staking and DeFi strategies for the firm.
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