After his arrest on Thursday on allegations of fraud, a U.S. District Judge set bail for Alex Mashinsky, founder and former CEO of insolvent crypto lender Celsius, at $40 million. Court records show that Mashinsky entered a not-guilty plea to seven charges. Including deceiving investors and manipulating the price of
According to a court filing made on Thursday, the U.S. SEC is suing defunct cryptocurrency lender Celsius Network and its founder and former CEO Alex Mashinsky. According to Bloomberg, citing a source familiar with the matter, Alex Mashinsky was detained on Thursday morning as a result of the ongoing investigation
A $2 billion lawsuit has been brought against FTX’s sister firm Alameda Research by Celsius Network on claims of suspicious trading activity that may have affected the price of the Celsius CEL token in 2022. Regulatory agencies such as the U.S. CFTC, the U.S. SEC, and federal prosecutors in Manhattan
Bankrupt crypto lender Celsius and its former CEO Alex Mashinsky allegedly infringed many United States rules before the company’s collapse in 2022, as found by investigators from the Commodity Futures Trading Commission (CFTC). Attorneys from the CFTC’s enforcement section reportedly determined that Celsius deceived investors, failed to register with the
The bankruptcy court has approved Celsius Network’s plan to convert all assets held in cryptocurrencies into Bitcoin and Ethereum. Judge Martin Glenn of the Southern District of New York has rendered a fresh judgment in the platform’s bankruptcy proceedings. And the liquidations will soon allow for the release of payment
The bankrupt cryptocurrency lending platform has leveled allegations against Wintermute, a prominent crypto market maker. Claiming that they actively participated in price manipulation of CEL tokens by facilitating “wash trading” in collaboration with Celsius executives. The latest development in the legal proceedings showcases, Celsius creditors amending their lawsuit in the
Company to add more than 120,000 miners to its managed fleet, increase total hashrate under management by approximately 12.2 EH/s MIAMI–(BUSINESS WIRE)–US Data Mining Group Inc. dba US Bitcoin Corp (“USBTC”), which announced an all-stock merger of equals with Hut 8 Mining Corp. (NASDAQ: HUT) on February 7, 2023, today
On May 25th, insolvent cryptocurrency lender Celsius Network announced that the auction to sell its assets to cryptocurrency consortium Fahrenheit LLC had concluded. After consulting with its official committee of unsecured creditors. Celsius Network ultimately decided to go with Fahrenheit as the high bidder in the court-supervised auction. The Fahrenheit
Winning bid positions Celsius’ assets to be transferred to “NewCo” under new executive leadership. Auction results in the distribution of hundreds of millions of dollars of more liquid cryptocurrency to customers and hundreds of millions of dollars in reductions to the proposed management fees compared to “stalking horse bid.” HOBOKEN,
Celsius Network, a cryptocurrency lending platform, has announced that certain customers will soon be able to recover their whole initial investments. Even though it has been almost a year since the company temporarily halted withdrawals. Users of Celsius who have only ever had their funds in custodial accounts were previously
