Coinbase and Gemini Join Bid Race for Celsius Network’s Assets: Report
An unnamed source disclosed that the new bidders are most likely to win the auction as they are established crypto
An unnamed source disclosed that the new bidders are most likely to win the auction as they are established crypto
The funds will be returned from Paxful’s reserves.
The settlement would also bar those who accept it from ulterior legal action against Celsius.
Whitelisted accounts will be able withdraw 94% of their original funds.
The business model Celsius advertised and sold to its customers was not the business that it actually operated.Â
The tokens would be distributed to creditors with claims worth more than $5K against the platform.
The lawsuit seeks disgorgement of any proceeds derived from Mashinsky's unlawful practices as well as restitution for investors.
The court order is a blow to some users hoping to recover their funds from the company.Â
Core had partially blamed Celsius for its financial troubles, saying its contract with the lender made it lose $28,000 daily.
The bar date is currently slated for January 3rd.