Tag Archives: celsius

CEO Behind $4.7 Billion Crash Banned From Crypto, But How Will This Work?

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Celsius founder Alexander Mashinsky, who was responsible for the $4.7 billion 2022 crypto crash, has been banned from crypto. This forms part of a $10 million settlement with the Federal Trade Commission (FTC) while the crypto founder continues to serve a 12-year sentence.  Celsius Founder Banned From Crypto As Part of $10 Million FTC Settlement … Continue reading CEO Behind $4.7 Billion Crash Banned From Crypto, But How Will This Work?→

Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

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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 proceedings took place before US District Judge John G. Koeltl in Manhattan’s Southern District, where Mashinsky faced the repercussions of what prosecutors characterized… Continue reading Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence→

Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each

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Once a prominent player in the cryptocurrency lending space, Celsius Network has commenced its second round of distributions to creditors, amounting to $127 million. This follows the company’s prior efforts to distribute approximately $3 billion in crypto and fiat currency, initiated after a successful vote on its reorganization plan earlier this year. The latest distribution… Continue reading Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each→