Disgraced former FTX CEO Sam Bankman-Fried (SBF) on Wednesday confirmed plans to stick with his new lawyers Marc Mukasey and Torrey Young, who are also representing Celsius CEO Alex Mashinsky, according to a report by Reuters. In a hearing, U.S. Southern District Judge Lewis Kaplan asked Bankman-Fried about the potential conflict of interest. The former…
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Sources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky, the former chief of Celsius. On Wednesday, in a courtroom declaration, SBF confirmed his complete understanding that his legal representatives were also advocating for Mashinsky.…
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The now-defunct crypto lender Celsius has received authorization to pivot to bitcoin mining, following approval from U.S. District Judge Martin Glenn of Manhattan for the firm’s revised strategy. This move comes after the company’s initial proposal encountered obstacles from the U.S. Securities and Exchange Commission (SEC) at November’s end. Celsius Wins Court Approval to Pivot…
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Former Celsius Network CEO Alex Mashinsky is set to face a criminal trial beginning on September 17, 2024. The trial schedule was confirmed during an October 3 hearing held in the United States District Court for the Southern District of New York, presided over by Judge John Koeltl. In the lead-up to the trial, there…
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The majority of Celsius creditors have voted in favor of a plan that will see approximately $2 billion worth of Bitcoin and Ethereum returned to creditors. The creditors involved in the Celsius bankruptcy case have voted in favor of a plan that will see funds returned to them as well as distributing equity through a…
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Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the FTC is not entitled to monetary relief and cannot substantiate Mashinsky is…
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Bankrupt crypto lender Celsius has liquidated nearly $25 million in different altcoins after a US court approved the firm to convert altcoins to BTC and ETH earlier this month. Celsius Network liquidated several altcoins worth nearly $25 million, including Chainlink (LINK), BNB coin, Synthetix Network (SNX), 1Inch, and 0x Protocol (ZRX), Shiba Inu’s BONE among…
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The former CEO of bankrupt crypto lender Celsius Network Ltd., Alex Mashinsky, has been charged with fraud by the U.S. Department of Justice (DoJ) and sued by three regulatory agencies over the company’s collapse. Apart from the DoJ, Celsius and Mashinsky are also facing a barrage of lawsuits and allegations from various U.S. agencies, including…
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Commodity Futures Trading Commission (CFTC) investigators have ruled that crypto lender Celsius Network and its former CEO Alex Mashinsky violated US rules before the company collapsed. The findings suggest that Celsius misled investors and failed to register with the CFTC, Bloomberg reported Wednesday, citing people familiar with the matter. … Read More: CFTC Finds Celsius Network and Its Ex-CEO Guilty of Breaking…
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If the majority of CFTC commissioners agree with that conclusion, the regulator could file a case in federal court. Investigators from the Commodity Futures Trading Commission have reportedly determined that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke a number of U.S. rules before the company’s implosion. According to a July 5 report…
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