Page 137 - Celsius Network News Today

Some of those assets are believed to have been seized by government officials in Bahamas, where company is based.

Regulators’ demands, a crackdown on money laundering and sanctions on Russia are driving growth for ComplyAdvantage

A new report by the examiner of the bankrupt crypto lender Celsius Network details shortfalls in controls and operations at two of the company's product offerings related to digital assets it held in custody for customers, raising issues of whether and how these users can get reimbursed.

Bankruptcy court documents offer a glimpse of just how much the Bahamas-based crypto exchange is in debt.

Celsius Custody didn't appropriately segregate or track customers' assets, instead relying on ad-hoc transfers to maintain appearances.

Over the span of two weeks in July 2022, two of the largest retail-facing cryptocurrency platforms, Celsius and Voyager, filed for chapter 11 bankruptcy protection. Both cases were...

As Celsius Network LLC, et al., Case Number: 22-10964 (MG), proceeds in the Bankruptcy Court for the Southern District of New York (the “Court”), the following summarizes two important...

The crypto market tensions triggered by the FTX-Binance turmoil demonstrate once again that even the "too big to fail" entities are not to be trusted, and investors now learn the hard way that centralized custody is not the best option. Decentralized exchanges (DEXes) and other decentralized finance (DeFi) protocols, such as Palmswap, enable true peer-to-peer (P2P) interactions, and they will likely be the big winners from the collapse of FTX.

A growing number of pension funds and investment firms are revealing that they were directly or indirectly exposed to Sam Bankman-Fried's FTX empire.

All crypto Celsius Network, LLC customers expecting and relying on anonymity should be concerned that their crypto transactions may become public. Recently, the Bankruptcy Court in the...