Celsius founder and former CEO Alexander Mashinsky has been permanently banned from trading in markets overseen by the US Commodity Futures Trading Commission (CFTC) after a federal court approved a consent order resolving the regulator’s 2023 enforcement case against him. The order, entered by the US District Court for the Southern District of New York, […]
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 investors and manipulated the market value of Celsius’s native token, CEL. Sentencing Details The U.S. Attorney’s Office, Southern District of New York, announced Mashinsky’s prison […]
The bankrupt crypto lender Celsius Network has filed an appeal challenging a court ruling that dismissed its $444 million claim against the defunct crypto exchange FTX. The appeal, which is currently awaiting review in the District Court, comes as part of Celsius’ ongoing litigation efforts to recover funds from FTX. Celsius’ Initial Claim According to […]
The bankrupt crypto lender Celsius Network has filed an appeal challenging a court ruling that dismissed its $444 million claim against the defunct crypto exchange FTX. The appeal, which is currently awaiting review in the District Court, comes as part of Celsius’ ongoing litigation efforts to recover funds from FTX. Celsius’ Initial Claim According to […]