Celsius Network
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| Industry | Finance |
|---|---|
| Founded | 2017 |
| Founder | Alex Mashinsky |
| Headquarters | , UK |
| Website | https://celsius.network/ |
Celsius Network is a cryptocurrency loan company.
History
Celsius Network Limited was incorporated on 9 February 2018.[1][2]
On April 16, 2021, Celsius Network announced that a third-party server with customer data had been compromised, that a portion of the company's customer list had been exfiltrated and that a phishing email had been sent to Celcius customers.[3]
In the second half of 2021, Celsius Network raised $400m in new equity funding from investors.[4]
On October 18, 2021, Celsius Network received a request for more information from New York Attorney General Letitia James.[5]
On November 26, 2021, Celsius Network announced that one of its senior employees was the focus of an Israeli police probe and also that the employee has been suspended.[6]
On December 10, 2021, Barron's wrote about the risks associated with the business model of Celsius Network and similar companies.[7]
References
- ^ "Celsius Network Ltd". Bloomberg.
- ^ "Celsius Network Limited". UK Companies House.
- ^ "Celsius Network Confirms Email System Breach & Phishing Attacks On Customers". Cyber Intel Magazine. April 16, 2001.
- ^ Kadhim Shubber; Joshua Oliver (October 12, 2021). "Crypto lender Celsius Network raises $400m as regulatory pressure grows". Financial Times.
- ^ Joe Light; Tina Davis (October 18, 2021). "Two Crypto-Lending Firms Ordered Shut by New York's James". Bloomberg.
- ^ Simona Weinglass (15 December 2021). "Celsius suspends official under probe; 2nd staffer founded firm with money launderer". Times of Israel.
- ^ Darren Fonda (December 10, 2021). "Lending Your Crypto Could Generate Attractive Yields. But How Safe Is It?". Barron's.