Judge denies stakeholders’ request for representation in Celsius bankruptcy case
The judge also declined to declare the CEL token “not a security,” despite related rulings in the SEC v. Ripple case. This post was originally published on this site
Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order
Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely restricted from moving funds over $10,000.This post was originally published on this site
Celsius could repay all claims if Bitcoin, Ether prices rose 2X — Simon Dixon
Dixon said creditors should fight to get out of the bankruptcy proceedings before the end of 2023, or before the price of BTC and ETH hit the estimated mark.This post was originally published on this site
Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees.This post was originally published on this site
Celsius founder Alex Mashinsky’s bail set at $40 million
The ex-Celsius CEO was arrested on Thursday. Celsius filed for bankruptcy in 2022, alongside other leading crypto lenders. Mashinsky’s bail must be signed by two financially recognizable persons. Alex Mashinsky, the founder & former CEO of bankrupt crypto lender Celsius Network, has pleaded not guilty to fraud charges filed against him by the US Department […]
US Attorney’s Office announces criminal fraud charges against Alex Mashinsky
Authorities said they had reached a “non-prosecution agreement” with Celsius, but former CEO Alex Mashinsky will face criminal charges related to fraud and misleading users.This post was originally published on this site
CEL price takes another hit, US SEC files lawsuit against Celsius
Celsius is currently going through a Chapter 11 bankruptcy proceeding. Last week, the US CFTC found Celsius and Alex Mashinsky guilty of breaking several laws before Celsius collapsed in 2022. Alex Mashinsky has been arrested and will be arrayed in court on Friday. Celsius Network, a cryptocurrency lending company that collapsed in 2022, is the […]
Breaking: Celsius Network fined $4.7B by FTC
The regulator said Celsius “squandered billions in user deposits” after “duping” customers into depositing funds.This post was originally published on this site
US SEC files lawsuit against Celsius and Alex Mashinsky: Report
Last week, a separate U.S regulator, the CFTC reportedly found that Celsius and Alex Mashinsky broke several regulations before the collapse in 2022.This post was originally published on this site
Former Celsius CEO Alex Mashinsky reportedly arrested
The U.S. SEC filed a lawsuit against the bankrupt crypto lender on July 13 followed by news reports about the arrest of the former CEO Alex Mashinsky.This post was originally published on this site