NMLSRegulated
United States Crypto Asset Transfer License (MTL)
Celsius
Regulated in United States
Crypto Asset Exchange Registration (MSB)
Basic Information
Country/RegionUnited Kingdom
Exchange AbbreviationCelsius
Company NameCelsius Lending LLC
Operating Period5-10 years
Websitehttps://celsius.network/
Trade TypeSpot Trade、Fiat Trading
RiskNotice
2 risk alerts
- License No.
- 2063747
- Regulatory Jurisdiction
- United States
- Licensed Entity
- Celsius Lending LLC
- Effective Date
- 2020-10-05
- Sharing Status
- No
Exchange Overview
Exchange Overview
Digital currency should be accessible to all, with meaningful rewards and real flexibility – to secure a loan, send to friends, and build wealth. That’s Celsius.
Business Region
InfluenceC0
2
4
6
8
10
News
65
BitMart Shutdown Sparks Withdrawal Concerns: $3.7 Million in User Assets Reportedly Affected — WikiB
After BitMart announced its orderly shutdown on July 26, an increasing number of users have reported issues in recent days, including withdrawal difficulties, delayed withdrawals, abnormal account balances, and unresponsive customer support. On July 30, affected BitMart users with significant asset exposure established a joint communication group and completed an initial registration process. According to the preliminary records, 27 users reported being unable to withdraw their funds normally, with total affected assets reaching approximately 3,704,214 USDT. The largest reported individual asset amount reached 700,000 USDT, while several other users reported account balances ranging from 100,000 USDT to 600,000 USDT. Screenshots from the original accounts of just seven users showed a combined balance of 1,692,203.67 USDT. Screenshot of BitMart Users Unable to Withdraw Funds (Source: @MINGLIbtc) Centralized exchanges (CEXs) play a critical role in custodying user assets, facilitating trades, and providing withdrawal services. However, over the past few years, the crypto industry has witnessed multiple exchange risk events. From the collapse of major exchanges to withdrawal difficulties faced by smaller platforms, ordinary users are often the ones who suffer the greatest impact in the end. When such incidents continue to occur, how can users better protect their asset rights and interests？BitMart Shutdown: $3.7 Million in User Assets
Wallets Tied to Former Celsius CEO Alex Mashinsky Dump 17,600 ETH as Legal Fallout Continues
Two cryptocurrency wallets linked to Alex Mashinsky, the former CEO of the now-bankrupt lending platform Celsius Network, have sold 17,598 Ether ($ETH) worth approximately $27.24 million, according to blockchain tracking firm Onchain Lens. The sales were executed at an average price of $1,548 per $ETH, with proceeds converted into the stablecoin USDS. Details of the Transaction Blockchain data shows the two wallets conducted the sales in a series of transactions, moving large amounts of $ETH to decentralized exchanges before converting to USDS. The timing of the sales coincides with Mashinskys ongoing legal battles and follows a settlement with the U.S. Commodity Futures Trading Commission (CFTC). Mashinsky is currently serving a 12-year prison sentence after pleading guilty to multiple fraud charges related to the collapse of Celsius, which once managed over $20 billion in assets. Legal and Market Implications The CFTC settled its civil lawsuit against Mashinsky earlier this year, though the terms of that settlement have not been fully disclosed. The sale of such a large $ETH position by wallets linked to a convicted executive raises questions about asset recovery for Celsius creditors and the broader regulatory oversight of crypto executives post-conviction financial activities. Market observers note that the sale, while substantial, represents a relatively
Judge Says $4 Billion Celsius Lawsuit Against Tether Can Proceed
Bankrupt crypto lender Celsius can proceed with its $4 billion case against stablecoin giant Tether, a U.S. bankruptcy judge in the Southern District of New York has ruled. However, Martin Glenn, chief United States bankruptcy judge, did grant some elements of Tether‘s motion to dismiss. These include Celsiuss allegations that hinge on one of Tether’s subsidiaries being based in the British Virgin Islands and therefore subject to the duty of “good faith and fair dealing” as defined under the islands law. Tether had previously dubbed the case “baseless” and a “shakedown” when it was filed in August last year. In 2022, Tether made available USDt to some of its customers – including Celsius. Tethers arrangements with customers are very simple: Tether provides USDt to selected customers who provide an overcollateralization in Bitcoin. Celsius, which at one point had more than $25 billion in assets under management, imploded during the crypto winter of June 2022, losing billions of investors funds, severely impacting many amateur and high-street investors. The resulting legal action eventually led to criminal fraud charges and a 12-year prison sentence for former CEO Alex Mashinsky, who has forfeited any right to benefit from Celsiuss assets in future. In its 2024 lawsuit, Celsius alleges Tether
