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Former Celsius Network CEO Alex Mashinsky was sentenced to 12 years in federal prison on Thursday. The decision follows his December guilty plea to organizing a fraudulent scheme that misled…
TL;DR The token saw a sharp price increase after the DOJ called for a severe prison sentence for ex-Celsius CEO Alex Mashinsky, accusing him of years-long deception and financial misconduct.…
Alex Mashinsky, the former CEO of cryptocurrency lender Celsius, has pleaded guilty to one count of commodities fraud and one count of securities fraud. Together, these charges carry a maximum…
Former Celsius CEO Alex Mashinsky pleaded guilty to commodities fraud and a fraudulent scheme to manipulate the price of Celsius’s native token, facing up to 20 years in prison. Arrested…
Bankrupt crypto lending firm Celsius has announced plans to distribute an additional $127 million to creditors. The company’s estate revealed that this distribution will be made from its “Litigation Recovery…
A federal judge ruled that Alex Mashinsky’s legal team’s arguments to dismiss two of his seven criminal charges were “either moot or without merit.”
Sources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky,…
According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings.
The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors.
Bankrupt crypto lender Celsius Network is attempting to recover assets from a private lender called EquitiesFirst Holdings, which reportedly owes $439 million in cash and crypto.