CEL
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📊 Celsius Network appeals $2B disparagement claim rejection against FTX
Celsius Network filed a notice of appeal on Dec. 31, contesting Judge John Dorsey’s decision to disallow the bankrupt crypto lender’s $2 billion disparagement claim against defunct crypto exchange FTX.
The appeal, now slated for review in the District Court, marks the latest development in the ongoing legal confrontation between the two embattled crypto firms.
🔸 Allegations of disparagement
The appeal stems from Celsius’ assertions that defamatory statements made by FTX executives, employees, and affiliates negatively impacted the company’s reputation and financial health, allegedly accelerating its bankruptcy in July 2022.
Celsius contended that FTX’s public comments reduced confidence in its services, driving customers to withdraw funds and ultimately pushing the platform toward insolvency.
According to court filings, Celsius initially filed a $2 billion claim citing “unsubstantiated and disparaging statements” circulated by FTX insiders. However, FTX resisted the claim, arguing that Celsius’ assertions lacked sufficient evidence and fell outside the scope of bankruptcy claims.
🔸 Amended claim
In December, more than a year after the initial claim, Celsius amended its filing, reducing the requested amount to $444 million. This revised claim shifted focus to preferential transfers, alleging that certain payments made to FTX prior to its bankruptcy should be clawed back.
However, Judge Dorsey disallowed both the original and amended claims, citing procedural deficiencies.
The ruling highlighted that Celsius failed to seek court approval for the late amendment, ultimately sustaining FTX’s objection. Dorsey’s conclusion emphasized that the amended claim could not bypass procedural requirements, regardless of the substantive nature of the allegations.
The case highlights the fierce legal battles erupting across the crypto sector as firms embroiled in bankruptcy proceedings attempt to recover assets and mitigate losses.
#CEL #Celsius
Celsius Network filed a notice of appeal on Dec. 31, contesting Judge John Dorsey’s decision to disallow the bankrupt crypto lender’s $2 billion disparagement claim against defunct crypto exchange FTX.
The appeal, now slated for review in the District Court, marks the latest development in the ongoing legal confrontation between the two embattled crypto firms.
🔸 Allegations of disparagement
The appeal stems from Celsius’ assertions that defamatory statements made by FTX executives, employees, and affiliates negatively impacted the company’s reputation and financial health, allegedly accelerating its bankruptcy in July 2022.
Celsius contended that FTX’s public comments reduced confidence in its services, driving customers to withdraw funds and ultimately pushing the platform toward insolvency.
According to court filings, Celsius initially filed a $2 billion claim citing “unsubstantiated and disparaging statements” circulated by FTX insiders. However, FTX resisted the claim, arguing that Celsius’ assertions lacked sufficient evidence and fell outside the scope of bankruptcy claims.
🔸 Amended claim
In December, more than a year after the initial claim, Celsius amended its filing, reducing the requested amount to $444 million. This revised claim shifted focus to preferential transfers, alleging that certain payments made to FTX prior to its bankruptcy should be clawed back.
However, Judge Dorsey disallowed both the original and amended claims, citing procedural deficiencies.
The ruling highlighted that Celsius failed to seek court approval for the late amendment, ultimately sustaining FTX’s objection. Dorsey’s conclusion emphasized that the amended claim could not bypass procedural requirements, regardless of the substantive nature of the allegations.
The case highlights the fierce legal battles erupting across the crypto sector as firms embroiled in bankruptcy proceedings attempt to recover assets and mitigate losses.
#CEL #Celsius
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Decilizer
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Bullish
$CEL is off to a solid start, currently trading at $0.17 with a target of $0.68. Bitcoin's strong momentum and increased transaction volume are propelling $CEL higher. As investor interest grows, $CEL is primed to reach new highs. Keep an eye on its progress for potential entry points.
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cel
cel went bankrupt and reorganized, capital has entered, now it has adjusted back to 1.3, target 6, and there is still 6 times profit, hurry to buy the bottom, the decline here is over, straight line up! Keep up with the rhythm and get on the train!
Follow Xiaoma's homepage and pin it to the top, share daily real-time strategies with everyone #cel
cel went bankrupt and reorganized, capital has entered, now it has adjusted back to 1.3, target 6, and there is still 6 times profit, hurry to buy the bottom, the decline here is over, straight line up! Keep up with the rhythm and get on the train!
Follow Xiaoma's homepage and pin it to the top, share daily real-time strategies with everyone #cel
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In the past ten days, CEL's market value has increased more than seven times.
Analysis of the reasons for the popularity of CEL:
To make a simple analysis, I missed out on this wave of rising market because I didn’t pay attention to the token destruction event at the beginning. This is also normal, and those who missed out don’t need to feel bad, after all, “there is life, there is hope”.
Celsius is still in the bankruptcy reorganization stage, and the specific situation will have to wait for the results of the hearing on May 7, which will take about one week to three months.
Previously published data showed that Celsius had total assets of US$4.3 billion, liabilities of US$5.5 billion, and a funding gap of US$1.2 billion.
In mid-2023, Celsius filed an application with the court to inject $220 million to establish a new Bitcoin mining company, and the mined Bitcoins will be used to repay debts.
To make a simple analysis, I missed out on this wave of rising market because I didn’t pay attention to the token destruction event at the beginning. This is also normal, and those who missed out don’t need to feel bad, after all, “there is life, there is hope”.
Celsius is still in the bankruptcy reorganization stage, and the specific situation will have to wait for the results of the hearing on May 7, which will take about one week to three months.
Previously published data showed that Celsius had total assets of US$4.3 billion, liabilities of US$5.5 billion, and a funding gap of US$1.2 billion.
In mid-2023, Celsius filed an application with the court to inject $220 million to establish a new Bitcoin mining company, and the mined Bitcoins will be used to repay debts.
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#Wyzwanie #cel million dollars #inwestycja 70$$USDC 😝😝😝
Welcome to my humble post, today I start the journey to $1,000,000
initial investment $70
Implementation time: 3 years
My action plan
buying on dips and selling on green candles
I'm starting today, I'll report back from time to time, if anyone wants to have some fun, follow me 😇😇
Today I bought Wif for $70
when Wif dropped by 6%%
So I'm patiently waiting for a few percent gains and looking for further declines
My strategy is to buy popular and strong designs when they are in the red and replace them with another one when I am in the black
I invite you to comment whether I will succeed and to support you with my best regards
Welcome to my humble post, today I start the journey to $1,000,000
initial investment $70
Implementation time: 3 years
My action plan
buying on dips and selling on green candles
I'm starting today, I'll report back from time to time, if anyone wants to have some fun, follow me 😇😇
Today I bought Wif for $70
when Wif dropped by 6%%
So I'm patiently waiting for a few percent gains and looking for further declines
My strategy is to buy popular and strong designs when they are in the red and replace them with another one when I am in the black
I invite you to comment whether I will succeed and to support you with my best regards
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Refurbishment of old coins, focusing on a destruction-style increase?
On May 31, 2024, Yves La Rose, CEO of the EOS Network Foundation (ENF), said that the new token economics proposal for the EOS network has been officially passed. The proposal will shut down inflation and destroy 80% of the total supply of EOS in the future. The code deployment will take effect on June 1. In the future, the total amount of EOS will be fixed at 2.1 billion. Subsequently, the EOS Network Foundation announced a new development roadmap for EOS.
According to current market developments, the EOS destruction proposal is actually a marketing strategy that turns the meme concept into a reality. It is expected that EOS will see a good increase when the destruction is completed on June 1.
According to current market developments, the EOS destruction proposal is actually a marketing strategy that turns the meme concept into a reality. It is expected that EOS will see a good increase when the destruction is completed on June 1.
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#cel #以太坊ETF批准预期 #Meme板块普涨
Let's make a spot layout. You can enter the spot when the cel price is around 0.91. The hourly line looks like a W double bottom, which is aborted by 50 points. The target is to rebound by 20 points first. It is still okay. Exit below 0.82, and the target is 1.1 first. Wait for notification later.
Let's make a spot layout. You can enter the spot when the cel price is around 0.91. The hourly line looks like a W double bottom, which is aborted by 50 points. The target is to rebound by 20 points first. It is still okay. Exit below 0.82, and the target is 1.1 first. Wait for notification later.
#cel +11.50% already 🔥🚀✅
Crypto_Jobs
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Bullish
#CEL - Bullish setup 📈
-The price is forming a whole bottom on a weekly retest zone!
-Im trying a long position here! SPOT recommended!
I see a 15 - 20% move upward possible soon 🚀
#CEL #Celsius #BTC☀ #Crypto_Jobs🎯
-The price is forming a whole bottom on a weekly retest zone!
-Im trying a long position here! SPOT recommended!
I see a 15 - 20% move upward possible soon 🚀
#CEL #Celsius #BTC☀ #Crypto_Jobs🎯
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Come on, friends, mark a spot code! The current price of cel is 1.31, which has reached the four-hour support. There is still volatility to digest the selling pressure above. We all know that once this token takes off, it will accelerate its rise. As long as it starts, you will see a big positive line. Now you can open a position at this position.
I believe it won’t be long before we see a wave of accelerated takeoff! The target is more than 40%! #cel
I believe it won’t be long before we see a wave of accelerated takeoff! The target is more than 40%! #cel
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#bnb #not #cel
The popularity ranking shows that BNB's popularity has dropped by 460,000 compared with yesterday, ranking first. The popularity ranking is as follows:
① BNB ($704.00, 1.02%)
② NOT ($0.02127, -4.32%)
③ CEL ($1.80, 16.13%)
④ ORDI ($58.19, 1.91%)
⑤BB (S0.7470, 8.47%)
BNB's main selling power is strong, with a 24-hour net outflow of S639 million and a 24-hour transaction of S3.034 billion, of which the main net outflow is S441 million.
The popularity ranking shows that BNB's popularity has dropped by 460,000 compared with yesterday, ranking first. The popularity ranking is as follows:
① BNB ($704.00, 1.02%)
② NOT ($0.02127, -4.32%)
③ CEL ($1.80, 16.13%)
④ ORDI ($58.19, 1.91%)
⑤BB (S0.7470, 8.47%)
BNB's main selling power is strong, with a 24-hour net outflow of S639 million and a 24-hour transaction of S3.034 billion, of which the main net outflow is S441 million.
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#bnb #cel #not
The popularity ranking shows that BNB's popularity has dropped by 460,000 compared with yesterday, ranking first. The popularity ranking is as follows:
① BNB ($704.00, 1.02%)
② NOT ($0.02127, -4.32%)
③ CEL ($1.80, 16.13%)
④ ORDI ($58.19, 1.91%)
⑤BB (S0.7470, 8.47%)
BNB's main selling power is strong, with a 24-hour net outflow of S639 million and a 24-hour transaction of S3.034 billion, of which the main net outflow is S441 million. @白话币海
The popularity ranking shows that BNB's popularity has dropped by 460,000 compared with yesterday, ranking first. The popularity ranking is as follows:
① BNB ($704.00, 1.02%)
② NOT ($0.02127, -4.32%)
③ CEL ($1.80, 16.13%)
④ ORDI ($58.19, 1.91%)
⑤BB (S0.7470, 8.47%)
BNB's main selling power is strong, with a 24-hour net outflow of S639 million and a 24-hour transaction of S3.034 billion, of which the main net outflow is S441 million. @白话币海
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#cel #VanEck提交首个SolanaETF #IntroToCopytrading
Yesterday, the spot code of the public target, cel, was listed at 0.91, and now it has risen to 0.977. The spot layout has been taken for this 7-point increase. There will be PCE data in the evening, and the valuation is 2.6%. If it is lower than this, it will take off again tonight.
Yesterday, the spot code of the public target, cel, was listed at 0.91, and now it has risen to 0.977. The spot layout has been taken for this 7-point increase. There will be PCE data in the evening, and the valuation is 2.6%. If it is lower than this, it will take off again tonight.
#BURGER/USDT and #CEL has made a significant amount of trade till now. It has reached max cap. So it is recommended to refrain from trading in these two. Rather wait for the new opportunities and avoid taking risk in mentioned coins until change of date. Best of luck!
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#cel #VanEck提交首个SolanaETF #币安合约锦标赛
Cel was mentioned to you yesterday. I don’t know if you have it. I gave you a detailed analysis at that time. I said that cel is also a coin that is seriously controlled by the market maker, but it will always reach a new height after each callback, so you can ambush it, and the market value is also very low, only 30 million, and it will double with any pull!
At that time, the price of 0.905 dollars made everyone rush in. The stop loss of Heyue can be set at 0.85 dollars. It is currently at 0.95 dollars, and it has eaten a little bit of meat. Brother Jiu, these are all public targets. Friends who have followed it should pay attention to it and continue to follow up on the latest strategies. Cel and Yue can already stop profits in batches. If you want to keep it, you can keep 2 layers of positions and set a loss to protect your principal! $cel
Cel was mentioned to you yesterday. I don’t know if you have it. I gave you a detailed analysis at that time. I said that cel is also a coin that is seriously controlled by the market maker, but it will always reach a new height after each callback, so you can ambush it, and the market value is also very low, only 30 million, and it will double with any pull!
At that time, the price of 0.905 dollars made everyone rush in. The stop loss of Heyue can be set at 0.85 dollars. It is currently at 0.95 dollars, and it has eaten a little bit of meat. Brother Jiu, these are all public targets. Friends who have followed it should pay attention to it and continue to follow up on the latest strategies. Cel and Yue can already stop profits in batches. If you want to keep it, you can keep 2 layers of positions and set a loss to protect your principal! $cel