Celsius’ Net Liabilities Surpass $2.8 Billion – New Bankruptcy Filing
By / August 15, 2022, 5:20 pm EDT

In its latest Chapter 11 filing, Celsius reported it expects its net cash flow to reach negative $137.2 million by the end of October

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Celsius Faces Heat for at Least $1.2B Balance Sheet Hole, Customers Owed $4.7B
By / July 15, 2022, 4:03 am EDT

The cryptocurrency lender is left with a $40 million claim against Three Arrows Capital, CEO Alex Mashinsky said in a declaration

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Celsius Lost Potential $6B Bailout After Refusing To Show Financials, Investor Says
By / July 12, 2022, 4:27 pm EDT

The company has kept its balance sheet private while paying down DeFi debts

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Celsius Reorganizes Board of Directors Amid Liquidity Issues
By / July 6, 2022, 1:27 pm EDT

Crypto lender adds David Barse and Alan Jeffrey Carr, terminates three others

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Nexo Knew Celsius Was in Trouble Before Lender’s Withdrawal Freeze
By / June 13, 2022, 1:05 pm EDT

Blockworks exclusive: Rival crypto lending firm Nexo reached out to Celsius, offering to help with liquidity

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Celsius Suspends CFO Due to External Fraud, Sexual Assault Investigation
By / November 29, 2021, 10:22 am EST

“While this is related to a matter that took place over four years ago and before he joined Celsius, we took the decision to suspend Yaron effective as of November 18, 2021,” an internal company letter shared with Blockworks stated.

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Celsius to Invest Additional $300M in Bitcoin Mining
By / November 22, 2021, 2:09 pm EST

CEO says expanding capabilities in the space will help the platform source more yield for its users as AUM grows.

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Celsius CEO Reveals Details of Tether’s Crypto-Backed Lending Program
By / October 19, 2021, 5:23 pm EDT

On the surface this program would appear to contradict terms set out in Tether’s user agreement, but Tether said that the over-collateralization of such loans wouldn’t be a problem

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Celsius Valued at $3.25B After $400M Raise Amid Regulatory Headwinds
By / October 12, 2021, 12:29 pm EDT

The funding comes at a time when US regulators are threatening to crack down on the crypto industry and companies that offer yields on digital assets.

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Celsius CEO Mashinsky: The 8.8% Yield We Pay on Stablecoins is True Value of USD
By / August 24, 2021, 5:39 pm EDT

In less than a year, Celsius has grown its assets under management from $1 billion to over $20 billion.

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