Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Celsius releases ETH holdings for creditors to ‘ensure sufficient liquidity’
ADOPTION NEWS

Celsius releases ETH holdings for creditors to ‘ensure sufficient liquidity’

By Crypto FlexsJanuary 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Celsius releases ETH holdings for creditors to ‘ensure sufficient liquidity’
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Celsius Network, a cryptocurrency lender that went bankrupt Published today in X We plan to release our existing shares. Ethereum ETH

-0.45%
Facilitates distribution of assets to creditors.

Chelsea added in the next Staked Ethereum holdings provided the defunct company with a source of income to offset the costs the company earned. restructuring processAccording to the post.

Celsius File for Chapter 11 bankruptcy protection In the U.S. Bankruptcy Court for the Southern District of New York in July 2022 after lenders froze withdrawals as they faced a liquidity crisis due to the surging cryptocurrency market.

Following green light settlement planCelsius opened the vault. Qualified User 72.5% of cryptocurrency will be withdrawn by February 28th. Documents submitted to the court in September last yearAbout 58,300 users hold $210 million that the court classified as “custodial assets.”

Meanwhile, Celsius founder and former CEO Alex Mashinsky was arrested. fraud charges Currently out on bail A jury trial is ahead. September 17th.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Clothing manufacturers, headquartered in China, say they are looking at $ 800 million BTC and Trump.

May 15, 2025

VEXI Villages introduces the leader board with $ Gala token reward.

May 15, 2025

SPOT BITCOIN ETF inflow is falling, but BTC whale activities refer to the bull market acceleration.

May 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Clothing manufacturers, headquartered in China, say they are looking at $ 800 million BTC and Trump.

May 15, 2025

It starts the flash launch flash 2.0 and simplifies Bitcoin payment for business around the world.

May 15, 2025

Hyperklicade, which increased 170% at the lowest in April: Bitcoin Perps Dominance Hype reached $ 40?

May 15, 2025

VEXI Villages introduces the leader board with $ Gala token reward.

May 15, 2025

SPOT BITCOIN ETF inflow is falling, but BTC whale activities refer to the bull market acceleration.

May 15, 2025

The tether blacklist delay allowed $ 78m to illegal USDT transfer: Report

May 15, 2025

GSR invests in Maverix Securities to support the launch of the regulated digital asset structure.

May 15, 2025

Manta Network reveals Stargate’s ETH pool for smooth cross chain transactions.

May 15, 2025

Nexpace is a chart of new chapters of MAPLESTORY Universe by launching MAPLESTORY N and NXPC tokens.

May 15, 2025

Bitcoin’s six signs of predicting $ 140K to the next price

May 15, 2025

Ethereum, Solana and other chains Vaneck and Securitize tokenized Treasury Fund

May 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Clothing manufacturers, headquartered in China, say they are looking at $ 800 million BTC and Trump.

May 15, 2025

It starts the flash launch flash 2.0 and simplifies Bitcoin payment for business around the world.

May 15, 2025

Hyperklicade, which increased 170% at the lowest in April: Bitcoin Perps Dominance Hype reached $ 40?

May 15, 2025
Most Popular

The Graph Cryptocurrency Price Prediction – $GRT Tokeneconomics and Market Insight Assessment

February 25, 2024

Will XRP price go parabolic? Crypto analyst confirms Golden Cross is 1000% back.

December 9, 2023

Are Arbitrum Investors Still Selling? Analysts remain bullish on ARB as the price surges 5.2%.

March 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.