The sentencing guidelines follow the crypto exchange founder’s willful disregard for the law Alex Mashinsky, founder and ex-CEO of the collapsed crypto lending company Celsius, is now facing a potential 20-year prison sentence. The US Department of Justice (DOJ) submitted a sentencing recommendation yesterday, accusing him of orchestrating a wide-scale fraud scheme that left thousands
A court has denied two legal actions brought forward by the crypto lending platform against FTX Celsius, the collapsed cryptocurrency lending platform, has filed a notice of appeal against a court decision that disallowed its claims for damages from FTX. The appeal challenges a ruling by Judge John T. Dorsey, which rejected Celsius’ efforts to
The failed platform believes its creditors should pay back the money they withdrew before it collapsed Bankrupt cryptocurrency lender Celsius declared that creditors who made large withdrawals of funds ahead of the company filing for bankruptcy may be required to return some of those funds or be subject to legal action. Celsius bankruptcy managers filed
The failed cryptocurrency lender believes it can make good on its outstanding debt During the October 2 hearing seeking to approve its reorganization proposal, crypto lender Celsius Network told a judge it would start paying back its customers by the end of 2023. The September 29 filing indicates that Celsius plans to make partial payments
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