A New York bankruptcy court has given Celsius the go-ahead to pursue the bulk of its $4 billion lawsuit against stablecoin issuer Tether, according to a recent court filing.The bankrupt…
In brief
A U.S. bankruptcy judge ruled that bankrupt crypto lender Celsius can proceed with its $4 billion lawsuit against stablecoin giant Tether.
Celsius alleges Tether improperly liquidated 39,500 Bitcoin, worth ~$4…
A US bankruptcy judge ruled that Celsius Network’s multibillion-dollar lawsuit against Tether can proceed, denying in part Tether’s attempt to dismiss claims that it “improperly” liquidated Celsius’s Bitcoin collateral during…
In brief
Former Celsius CEO Alex Mashinsky and three related entities waived rights to bankruptcy distributions from the defunct crypto lender.
The move allows Celsius to distribute funds previously tied up by…
Former Celsius CEO Alex Mashinsky has agreed not to claim any assets from the Celsius bankruptcy proceeds.In a motion filed on Monday, the United States Bankruptcy Court for the Southern…
In brief
Alex Mashinsky was sentenced to 12 years in prison on Thursday.
The former Celsius Network CEO pled guilty to two charges in December 2024.
His sentence is eight years…
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Alexander Mashinsky, the former CEO of crypto lending firm Celsius, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud.
Celsius Mashinsky Faces Justice
The…
Alex Mashinsky, the Celsius founder, was sentenced to
12 years in prison for a scheme that unraveled billions in investor funds and
trust, Bloomberg reported. Mashinsky, once a vocal promoter of Celsius
Network’s…
Alex Mashinsky, the founder and former CEO of bankrupt crypto lending platform Celsius, has blasted the government's 20-year “venom-laced” sentence request, declaring it a “death-in-prison sentence.”The US Department of Justice…