The back-to-back downfalls of promising crypto projects last year has been blamed for causing the ongoing banking crisis in the US by the Federal Reserve Bank of Chicago (FRBC). In a fresh analysis, the FRBC has said large withdrawals by institutional crypto investors stirred a liquidity crisis so severe that…
Defunct cryptocurrency lending company Celsius Network has announced that the bankruptcy court has granted its motion to “set the bar date” for customers to file a claim. Per the announcement, customers now have until January 3, 2023, to file their proof of claims. Celsius further said a notice on the…
Two former executives at crypto lending firm Celsius withdrew up to $23 million (roughly Rs. 190 crore) worth of cryptocurrency between May and June of this year, before the company froze customer withdrawals and filed for bankruptcy. The information was detailed in a Statement of Financial Affairs filed late Wednesday…
Crypto lending firm Celsius, which filed for bankruptcy in August, is looking to open withdrawal services for those users who held custody accounts on its platform. The company has recently submitted a filing with the Bankruptcy Court for the Southern District of New York seeking necessary approvals to enable select…
Celsius Network has disclosed to its community that it has suffered a data breach, warning users against threats of phishing attacks. An unnamed employee of Celsius’ third-party social media handler Customer.io accessed a list of Celsius client email addresses and transferred those to a third-party. Customer.io handles the market communications…
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