Crypto lender Celsius, which recently filed for bankruptcy, has resumed staking Ethereum. According to data from Arkham Intelligence, Celsius staked 30,800 ETH, worth $56.9 million, via staking solutions provider Figment in the past week. The reason behind this deposit is currently unknown, but Celsius remains one of the biggest firms with a staked ETH portfolio, holding 410,378 staked ETH worth $749.37 million. The total number of staked ETH has reached a new all-time high of 21.62 million worth $39.5 billion, as staking deposits have surpassed withdrawals.

Celsius Network, a crypto lending platform that filed for bankruptcy in July 2022, has transferred 40,928 ETH (worth $70 million) to staking service Figment. This is the largest movement of funds for Celsius since filing for bankruptcy. The transfer was spread across 14 transactions between May 10 and May 12 and put into staking contracts owned by Figment. Celsius has almost $300 thousand in staked ETH at the time of writing, according to Dune Analytics.

Former CEO of Celsius, Alex Mashinsky, had hoped to rebrand the now-defunct crypto lender with a new project called Celsius Web Service (CWS) and had pitched the idea to Goldman Sachs and Abu Dhabi-backed fund ADQ before filing for bankruptcy in July. The CWS project was aimed at focusing on Yield and Custody, but investors who had previously invested $750 million in Celsius had no interest in it.

Apollo Global Management, a distressed-investing specialist with over half a trillion dollars of assets, is reportedly participating in a bid to acquire cryptocurrency lender Celsius. The bid was submitted by NovaWulf, in which Apollo is an investor. If NovaWulf wins the auction, investors will receive a tiered management fee and an incentive fee tied to the restructured Celsius' net asset value.

Celsius said following court approval, eligible users would be able to withdraw the remaining 6% of Distributable Custody Assets from the platform. Until January, the same users, largely those who only ever held funds in custody accounts, had been limited to withdrawing up to 94% of their funds.

The Custody Assets in question include pure custody and transferred custody below $7,575 at the time of transfer.

Celsius Network founder Alex Mashinsky – who was accused of defrauding investors out of billions of dollars in crypto by concealing the failing health of his now-bankrupt lending platform – has filed a response seeking to dismiss the New York State complaint against him.

Creditors of Celsius Network are seeking permission from a bankruptcy judge to issue subpoenas to FTX, as they suspect that some FTX users may have engaged in suspicious trades that manipulated the price of Celsius' CEL token between April and August 2022. The creditors believe that the information from FTX will help them determine whether the trades were legitimate or constituted market manipulation. The committee representing Celsius Network's creditors has requested information on users associated with ten cryptocurrency wallets allegedly involved in suspicious trades and any short positions taken on CEL. The information is crucial in determining whether the trades involving CEL were intended to inflate its price artificially and could be critical to resolving a dispute related to Celsius' bankruptcy. Meanwhile, FTX has entered into a purchase agreement to sell LedgerX, its futures and options exchange and clearinghouse, for approximately $50 million.

April 26 (Cointime) -  The official committee of unsecured creditors for Celsius has announced that the auction of Celsius Network’s assets has been adjourned until tomorrow.   

Crypto exchanges Gemini and Coinbase are among the bidders for bankrupt crypto lender Celsius Network's assets in an auction scheduled for April 25 in New York. Two consortiums, Fahrenheit and the Blockchain Recovery Investment Committee, are also participating in the bids. NovaWulf Digital Management, the Stalking Horse Bidder, is also disputing the assets with a proposal that includes a cash contribution of $45 million to $55 million and the creation of a new public platform fully owned by Celsius creditors.