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The former CEO of Celsius Network – Alex Mashinsky – has been arrested Thursday morning, according to a recent report by Bloomberg. The report outlines that the arrest took place…
Last week, a separate U.S regulator, the CFTC reportedly found that Celsius and Alex Mashinsky broke several regulations before the collapse in 2022.
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.
Celsius aims to claw back 40 million MATIC, 66,000 DOT, 25,000 staked native ETH and 35,000 ETH from liquid staking platform StakeHound.
If the majority of CFTC commissioners agree with that conclusion, the regulator could file a case in federal court.
The liquidations will pave the way for the distribution of the funds to creditors in the near future.
Bankrupt crypto lender Celsius has been granted permission to begin liquidating its altcoins into Bitcoin (BTC) and Ether (ETH). This will occur before distributions to creditors take place, who expect…
The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.
The crypto lender has proposed converting all its altcoin holdings into Bitcoin and Ethereum to quell growing regulatory concerns and maximize the value of its assets.
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if Bitcoin is safer than the U.S. dollar, considering the impending risk of debt default.