Celsius adds nearly 429K stETH to Lido’s lengthening withdrawal queue
The bankrupt crypto lender wants its huge stash of staked Ether back, but it could be in for a wait. Go to Source Powered by WPeMatico
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Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch. Go to Source Powered by WPeMatico
Celsius moves $781M in stETH just as Lido withdrawals open
The bankrupt crypto lender has been moving its massive stash of staked Ethereum. Go to Source Powered by WPeMatico
Eligible Celsius users can withdraw all ‘Distributable Custody Assets’ following court approval
Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds. Go to Source Powered by WPeMatico
Mashinsky files motion to dismiss NY AG suits, says it ‘parrots misinformation’
Former Celsius CEO Alex Mashinsky was charged with seven counts of fraud in connection with “false and misleading statements” about his company, among other things. Go to Source Powered by WPeMatico
Celsius auction has Gemini and Coinbase as new bidders: Report
Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. Go to Source Powered by WPeMatico
Celcius reportedly prepping litigation against creditor for leaking internal info
Creditor Tiffany Fong has argued that she hasn’t done anything wrong, asserting that she didn’t break any non-disclosure agreements by reporting on the leaked information. Go to Source Powered by WPeMatico
Celsius Network to make April 12 filing, including info on voting for restructuring plan
“Our Disclosure Statement will provide a summary of the Plan, account-holder recovery percentages, FAQs, and additional information on certain risk factors,” said Celsius. Go to Source Powered by WPeMatico
Paxful to return lost Celsius funds to Earn users
Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network’s bankruptcy. Go to Source Powered by WPeMatico
Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge
Should they opt in to the deal, Celsius customers cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action.” Go to Source Powered by WPeMatico
