Bankrupt crypto lender Celsius wants to rehire former executive at $93,000 a month
CBSN
Cryptocurrency lender Celsius, which filed for bankruptcy last month, is now asking to pay a former executive handsomely while it moves through legal proceedings.
Celsius, which once touted itself as "better than a bank," filed for bankruptcy in July with about $167 million in cash on hand and assets worth $4.3 billion, while owing about $4.7 billion to users, according to bankruptcy filings. The company froze users' accounts on June 13 as cryptocurrencies were plummeting in value and many investors were trying to withdraw their funds.
Celsius is now seeking a judge's permission to pay its former chief financial officer $93,000 per month while the bankruptcy filing makes its way through court. The company on July 25 asked New York's Southern District Bankruptcy Court to allow it to hire former CFO Rod Bolger as a consultant, citing the "need for stability" and his financial expertise in its request to keep him on board.
Beirut — Declassified 1970s-era U.S. spy satellite imagery has led a British-Iraqi archeological team to what they believe is the site of a seventh-century battle that became decisive in the spread of Islam throughout the region.
The COVID-19 pandemic was associated with increases in stress-related drinking and alcohol-related deaths, and new research suggests drinking didn't stop as things returned to normal.
More than 5 million people received filler injections last year, most often on their face or in their hands, an 8% increase from the previous year.
By the time the polls opened on Election Day, baseless claims of voter fraud had been building on social media for months, fueling doubts about the integrity of the election.
Worried about slipping into the winter blues? A "dopamine menu" could help.
Former President Donald Trump's election victory and looming return to the White House will likely bring changes that scale back the nation's public health insurance programs — increasing the uninsured rate, while imposing new barriers to abortion and other reproductive care.
Robert F. Kennedy Jr.'s recent comments on fluoride are prompting questions about its safety and why it's used in drinking water.
A majority of Americans say they're feeling stressed by the presidential election, and emotions and tensions continue to mount in the final countdown to Election Day.
Reddit's stock price is surging after the social media player posted a rare profit.
Breaking out the tissues? It's that time of year! But what kind of sickness do your symptoms point to?
The future of Medicare, America's sweeping health insurance program for older adults, continues to come up on the campaign trail from both Vice President Kamala Harris and former President Donald Trump during this final stretch leading up to the 2024 presidential election.