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The Latest Breaking News from Celsius

Benzinga Before The Bell: Elon Musk Confirms Tesla AI Day Part 2, Dogecoin Scam, BioNTech Q2 Earnings Shocker And Other Top Financial Stories Monday, August 8

CNBC Celsius Withdraws Motion To Rehire CFO

Benzinga

Celsius Seeks To Rehire CFO At $93,000 A Month, Customers — Not Surprisingly — Object

Bankrupt crypto lending platform Celsius has sought a judge's permission to reinstate the company’s former CFO Rod Bolger and pay him $93,000 each month over a minimum of six weeks.

Benzinga

Australian investors left with nothing as cryptocurrency giant Celsius goes bankrupt

Australians describe their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals.

ABC News

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Benzinga Before The Bell: Robinhood's Cryptocurrency Growth, Moderna's Q2 Earnings, PayPal's New CFO And Other Top Financial Stories Wednesday, August 3

CNBC Celsius Is Looking To Rehire Its CFO Rod Bolger

Benzinga

Zipmex allowing some altcoin withdrawals

Asia crypto exchange Zipmex Pte plans to allow users to withdraw some tokens from their trading accounts.

Bangkok Post

PepsiCo Isn't The Only One Bullish On Celsius: This Analyst Explains Why It's A Good Bet

Celsius Holdings, Inc. (NASDAQ: CELH) jumped nearly 12% higher on Monday after the announcement of it entering a long-term distribution partnership with soft-drink behemoth PepsiCo, Inc. (NASDAQ: PEP), a move that analys

Benzinga

Crypto clients beg for their cash back after lender's crash

WASHINGTON: An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

Bangkok Post

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Crypto Clients Beg for their Cash Back after Lender's Crash

An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back. Hundreds of letters have poured in to the judge overseeing the firm's multi-billion-dollar bankruptcy and they…

Asharq Al-Awsat

SEC demands Zipmex clarify bankruptcy filing

The Securities and Exchange Commission (SEC) is demanding answers from executives of Zipmex after the cryptocurrency exchange refused to explain its filing for debt relief in Singapore.

Bangkok Post

Celsius says user data compromised in email leak

Users of the crypto exchange should be on the lookout for potential scam messages.

Input

Benzinga Before The Bell: Apple's Strong China Revenue, Amazon's EV Partnership, Jack Ma To Cede Control Of Ant Financial And Other Top Financial Stories Friday, July 29

Reuters Tencent’s Overseas Ambitions Face Resistance From India

Benzinga

Zipmex files for bankruptcy protection in Singapore

SINGAPORE: The cryptocurrency exchange Zipmex said on Friday that it has filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies.

Bangkok Post

Tether’s recovery of an $840mn loan scrutinised in Celsius bankruptcy

Case is a major test of how US insolvency rules will apply in the digital asset sector

Financial Times

Explainer: The lowdown on the Zipmex situation

Analysts have commented on the implications on investor confidence and markets following Thailand's major digital asset exchange platform Zipmex's announcement of a memorandum of understanding (MoU) with interested parties.

Bangkok Post

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Bangkok Post

Authorities probe potential losses for users of crypto platform Zipmex

The Securities and Exchange Commission said on Monday it was working with law enforcement to look into potential losses among the public after the crypto exchange Zipmex temporarily suspended withdrawals last week.

Benzinga

Did Tesla Crash the Bitcoin Market?

Electric vehicle company Tesla Inc (NASDAQ: TSLA) purchased $1.5 billion of Bitcoin (CRYPTO: BTC) in January 2021.

Bangkok Post

Zipmex investors face major losses

Akalarp Yimwilai founder and CEO of Zipmex said on Thursday that the exchange’s financial exposure to troubled crypto lenders Babel and Celsius is US$48 million, or 1.7 billion baht, and $5 million, or 184 million baht, respectively, as of July 21. Celsius filed for bankruptcy on July 13.

Bangkok Post

Crypto woes spread as Celsius, Babel links hit another exchange

Zipmex, a cryptocurrency exchange that operates in Singapore and Thailand, has halted withdrawals as the fallout from a series of defaults spreads further throughout the digital-assets industry.

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Benzinga

Benzinga Before The Bell: Musk's Twitter Lawsuit, Uber Penalized For Overcharging People With Disabilities, Johnson & Johnson Cuts Outlook And Other Top Financial Stories Tuesday, July 19

CNBC Amazon Courts More Trouble As Regulators Inspect Its Warehouses

Benzinga

Celsius Bankruptcy Hearing: Lawyers Claim Users Gave Up Legal Rights To Crypto

Bankrupt cryptocurrency lender Celsius’ lawyers have asserted that the platform’s users gave up rights to the digital coins deposited in the borrow-and-earn programs.

inkl Originals

The Weekly Wrap for Saturday, 16 July 2022

This week, a tour of the Subcontinent. Gotabaya Rajapaksa finally took the hint and people partied through the state of emergency. Pakistan is flooding (both ways) and India claims more bragging rights.

Bangkok Post

Crypto bankruptcy adds to Thai woes

The collapsing value of Thai digital assets has been exacerbated by the bankruptcy of US-based Celsius Network, following months of rapidly deteriorating sentiment in the global and domestic cryptocurrency markets and a series of insolvencies among high-profile crypto lenders.

The Guardian - UK

Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing

Company says it was faced with ‘run on the bank’ amid ‘cryptopocalypse’ as investors raced to withdraw assets

Evening Standard

Users owed £4 billion by bust crypto lender Celsius

A staggering $4.7 billion (£4 billion) of assets is owed to users of bankrupt crypto lender Celsius Network, court filings show, as crypto holders struggle to recover their investments in the wake of the Bitcoin price crash.

Input

Celsius bankruptcy signals more pain for users with frozen funds

The crypto exchange paused withdrawals in June and has now officially filed Chapter 11. Meanwhile, users' money is still stuck in limbo with no end in sight.

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Ruenvadee Suwanmongkol

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