Category: Celsius
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What’s Wrong With Celsius Holdings Stock?
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When investors start turning on growth stocks, things can get ugly quickly. Celsius Holding (NASDAQ: CELH) is a prime example of this. Although in recent years it has generated some impressive returns for investors, the tide appears to have turned significantly. Entering trading on Monday, Celsius shares had fallen more…
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Celsius Founder Alexander Mashinsky Pleads Guilty To $4.7 Billion Fraud Charges
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Alexander MashinskyThe former CEO of now-bankrupt cryptocurrency lender Celsius has pleaded guilty to two counts of fraud, and faces a possible maximum sentence of 30 years in prison. This development comes on the heels of multiple charges filed by the US Department of Justice (DOJ), which originally charged him with…
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Trial of Celsius founder Alex Mashinsky begins
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Lawyers representing Alex Mashinsky said he “did not intend to defraud or harm anyone” — and that the claims he made in weekly videos to Celsius clients were made in good faith. What is the Celsius case? Celsius Network was one of the biggest victims of the brutal crypto winter…
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Celsius Bankruptcy Admin Distributes $2.5B To Creditors
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Celsius Network, a bankrupt crypto lender, has completed payments to two-thirds of its creditors despite challenges in the distribution process. In its first report, the entity responsible for the plan explained the status of the distribution plan and the next steps in the repayment process. Celsius distribution plan targets 375,000…
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Celsius Bankruptcy Admin Distributes $2.5B To Creditors
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Celsius Network, a bankrupt crypto lender, has completed payments to two-thirds of its creditors despite challenges in the distribution process. In its first report, the entity responsible for the plan explained the status of the distribution plan and the next steps in the repayment process. Celsius distribution plan targets 375,000…
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Tether In Legal Battle With Bankrupt Crypto Lender Celsius
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A series of high-profile legal battles have rocked the cryptocurrency industry, with the latest involving two major players — Tether, the issuer of the world’s largest stablecoin USDT, and bankrupt crypto lending platform Celsius Network. At the heart of the dispute is a controversial allegation of alleged improper liquidation of…
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Tether In Legal Battle With Bankrupt Crypto Lender Celsius
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A series of high-profile legal battles have rocked the cryptocurrency industry, with the latest involving two major players — Tether, the issuer of the world’s largest stablecoin USDT, and bankrupt crypto lending platform Celsius Network. At the heart of the dispute is a controversial allegation of alleged improper liquidation of…
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Celsius demands billions of dollars from Tether: What’s going on
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Bankrupt lending platform Celsius has filed a lawsuit against Tether, demanding 39,542 BTC. according to LawsuitThe amount was collateral for a loan from the issuer of the Tether (USDT) stablecoin. Tether requested more collateral after the price of Bitcoin (BTC) fell in early 2022. Celsius agreed to Tether’s request, but…
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Celsius Sues Tether, Demanding $2.4 Billion Over BTC Liquidation!
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Image source altcoindaily The cryptocurrency industry has seen its fair share of legal battles, and the most recent high-profile dispute in the cryptocurrency industry involved struggling companies. Centennial In a surprising turn of events, Celsius has filed a lawsuit against Tether in U.S. bankruptcy court, accusing it of misappropriating its…
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Celsius Drags Tether To Court In $3.5 Billion Legal Showdown
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Celsius, a cryptocurrency lender, has filed a lawsuit against Tether, accusing it of misappropriating assets. The move comes amid the cryptocurrency company, which filed for bankruptcy in 2022,’s latest attempt to recover billions of dollars in funds for creditors. Why is Celsius asking for over $3.5 billion from Tether? Bankrupt…
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How the Celsius CEO turned a cult-favorite energy drink into a stock-market lightning rod with 6,000% growth
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John Fieldly, 44, is revved up. The CPA-turned-energy-drink evangelist is the president, CEO, and chairman of Celsius Holdings, the ubiquitous energy drink known for its proclaimed calorie-burning abilities—up to 140 calories per bottle consumed, the company claims. If that weren’t enough to endear itself to gym rats, it also comes…
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Celsius Stock Plunges 16.8% in Terrible Week
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shares Energy drinks company Celsius (NASDAQ: CELH) It fell as much as 16.8% this week, according to data previously provided Standard & Poor’s Global Market IntelligenceIndustry data indicated a slowdown in the growth of energy drinks. Shares were down 16.7% for the week at 2:30 PM ET. Slow down energy…