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Before it eventually imploded, the crypto lender Celsius Network promised users it would not be any regular bank—no, it would be bigger than a bank—and users could “unbank” themselves by funneling some of their funds to Celsius. Users would gain interest while Celsius would gingerly handle your crypto for you,… Read more…

Bankruptcy Judge Says Celsius Crypto Investors Don’t Own Their Accounts

A bankruptcy judge has dashed the dreams of investors hoping to retrieve their crypto funds from Celsius. It turns out, assets placed in the now-defunct crypto exchange’s high interest “Earn Accounts” belong to Celsius, not the account holders, according to a Wednesday ruling from Judge Martin Glenn. Read more…

JPMorgan Hires Former Exec From Celsius Despite Crypto Company’s Implosion

JPMorgan Chase has hired former Celsius executive Aaron Iovine to be the executive director of digital assets regulatory policy, according to Iovine’s LinkedIn profile. And if you’re looking for an easy answer as to how anyone could escape from the recent Celsius catastrophe unscathed, we’re sorry to report we don’t… Read more…

New Tool Shows the Biggest Losers in the Celsius Crypto Meltdown

The biggest monetary losers from crypto lender Celsius’ demise are on full public display. Read more…

Celsius Execs Cashed Out $40 Million in Crypto Before Halting Withdrawals for Customers

Three executives at crypto trading platform Celsius cashed out at least $40 million in cryptocurrency shortly before the company halted withdrawals for all users earlier this year, according to a financial disclosure form filed in New York bankruptcy court late Wednesday. Read more…