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Celcius, a global crypto and Bitcoin mining company has faced a fraud case since last year. Now, the founder pleaded guilty and agreed to be jailed for 30 years. Alex Mashinsky, the founder and ex-CEO of Celcius Network, is set…
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Alex Mashinsky, the former CEO of the defunct Celsius Network, has failed to get two fraud charges dismissed from his indictment. A federal judge in New York ruled against Mashinsky’s motion, which alleged he manipulated the price of Celsius’s cryptocurrency,…
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Bankrupt crypto lender Celsius claims to have started paying its creditors up to $3 billion. According to the company’s press release, they are discussing the distribution of cryptocurrency and other assets worth $3 billion among the platform’s creditors. The payments…
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U.S. prosecutors have pushed back against former Celsius CEO Alex Mashinsky’s motion to dismiss two criminal charges brought against him.
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Crypto lender Celsius Network continues to face legal upheavals as it embarks on a new journey post-bankruptcy. Meanwhile, its native CEL token has seen a 40% increase in the past seven days.
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As regulatory scrutiny intensifies, crypto industry executives are increasingly finding themselves entangled in legal battles. The recent case involving prominent crypto entrepreneur Sam Bankman-Fried has further highlighted the challenges faced by individuals at the forefront of the digital asset revolution.…
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Former Celsius CEO Alex Mashinsky’s trial date has been set for Sept. 17, 2024 in a pre-trial hearing on Oct. 3.
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Celsius Network CEO has asked the court to dismiss the complaints by the US Federal Trade Commission (FTC) against him, claiming that he did not violate any law. Co-founder and former CEO of bankrupt crypto lending platform Celsius Network Alex…
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In August, US Department of Justice (DoJ) prosecutors filed a sealed order to freeze Mashinsky's business accounts and a Texas property
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The U.S. District Judge John Koeltl issued an order to give prosecutors an extension on the Alex Mashinsky case On July 25. The decision give prosecutors more time to gather evidence before the criminal trial, which would otherwise be required…
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Celsius Network, which filed for bankruptcy in 2022, is selling its crypto holdings as the broader market recovers. Roughly $23.5 million of tokens sold
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Alex Mashinsky, the former CEO of Celsius Network, is set to be released on bail following his arrest and fraud charges on Thursday, July 13. Mashinsky has agreed to a $40 million personal recognizance bond, which must be signed by…
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In a recent Twitter Space recording, Mashinsky was warming up to getting Celsius’ battery of lawyers to team up with their Unsecured Creditors Committee (UCC) counterparts and sue the collapsed crypto exchange.
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Zhu Su, Kyle Davies, Steve Ehrlich, Do Kwon, Alex Mashinsky, Sam Bankman-Fried, and Gerald Cotten; what do all these names have in common? They’re collectively responsible for losing tens of billions of dollars worth of crypto entrusted to their care…
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Celsius investors lost millions of dollars according to a new report. Jacob Benjamin Fite topped the list, losing $40 million.
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The assets of the insolvent crypto lender Celsius Network Ltd. will be sold on specific dates. The final bid deadline for Celsius will be October 17 at 4 p.m. If an auction is necessary, it will take place on October…
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