Celsius Network LLC customers whose assets have been trapped on the failed crypto lender’s platform questioned the firm’s acting chief executive officer about fluctuations in the company’s native token and its plans to partially repay creditors with stock in a new Bitcoin mining business.
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Bankrupt Celsius Says Restart Is Crypto Customers’ Best OptionFailed crypto lender Celsius Network kicked-off a bankruptcy trial over its plan to restart as a user-owned Bitcoin miner, telling a judge it wants to repay customers whose funds have been frozen on the platform since June 2022 a portion of what they’re owed by year’s end.
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Celsius Network aims to repay customers by year-end in restructuring moveCelsius Network unveils a robust restructuring plan, eyeing customer repayments and revival, with a judge's approval in sight.
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Ex-Celsius CEO Mashinsky’s Fraud Trial Set for September 2024The criminal trial of former Celsius Network Ltd. Chief Executive Officer Alex Mashinsky has been scheduled for Sept. 17, 2024.
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Companies have been quick to pass higher costs on to customers, BoC findsRecent research from the central bank shows price increases have mirrored the cost increases businesses have faced, a Bank of Canada official said Tuesday.
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Rogers expands TTC subway wireless network access to customers using other carriersRogers Communications Inc. says customers of all of the major Canadian wireless carriers can now connect to its 5G wireless network in the busiest sections of the Toronto subway system.
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