Crypto lender Celsius Network on Monday received a U.S. bankruptcy judge's permission to seek creditor approval for its bankruptcy plan, advancing a proposal to exit Chapter 11 as a new entity owned by its creditors. Judge Martin Glenn signed off on Celsius's disclosure statement and solicitation materials at a U.S. Bankruptcy Court hearing in Manhattan, saying Celsius had given creditors sufficient information to vote on the proposed restructuring. Some creditors oppose the plan, but the offici
The U.S. Securities and Exchange Commission Thursday charged the co-founder and former CEO of Celsius Network Ltd., as well as the cryptocurrency lending company itself with fraud.
The U.S. Securities and Exchange Commission Thursday charged the co-founder and former CEO of Celsius Network Ltd., as well as the cryptocurrency lending company itself with fraud.
Fahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team and technology to establish and operate the new company (NewCo), Celsius said.
(Reuters) - Bankrupt crypto lender Celsius Network LLC said on Thursday it has chosen Fahrenheit's proposal as the winning bid to manage a new entity .