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Celsius Customer Faces $67,000 Tax Bill on Funds Lost by Bankrupt Lender

Celsius Network customers like Doug Stringer are receiving massive tax bills because of the high-interest returns promised by the bankrupt lender. ....

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Bankrupt Celsius Used Quickbooks for Its Accounting Just Like FTX: Report

According to an examiner's report, Celsius' logged its finances in 15 QuickBooks files and failed to produce consolidated statements to the court. ....

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Ponzi Probe Finds Bankrupt Celsius Misled Customers on Its Business

Court-appointed examiner Shoba Pillay said the bankrupt Celsius Network acted as the market maker for its native token, and misled customers. ....

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SDNY Says Crypto In Celsius Accounts Does Not Belong To Customers

Cryptocurrency in Celsius’ Earn Accounts belongs to bankruptcy estate, not depositors who placed it there, according to January 4 opinion from Judge Martin Glenn of U.S. Bankruptcy Court in the SDNY. Decision is blow to individual customers who deposited crypto assets there. ....

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SDNY Bankruptcy Court Addresses Crypto Custodian Question

Whose crypto is it? With multiple cryptocurrency companies that have recently filed for bankruptcy, FTX, Voyager Digital, BlockFi, and more coming, that simple sounding question is taking on huge significance. Celsius Network bankruptcy case addresses question. ....

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