Celsius had previously claimed hundreds of millions in damages in a squabble over unpaid dues that led to its mining rigs being powered down.
Former Celsius exec pleads guilty to criminal charges
Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing.
Former Celsius CEO Mashinsky seeks dismissal of FTC case
The former Celsius CEO is currently out on bail facing multiple charges of criminal fraud and market manipulation from various U.S. regulatory agencies.
Former Celsius CEO Alex Mashinsky Seeks to Quash U.S. FTC Case
Mashinsky was arrested in June on allegations of misleading investors and manipulating tokens, and also faces parallel actions from multiple regulators
Steve Kokinos, Creditors Named to Run Celsius 2.0
Executives from WeWork, Lehman Brothers, US Bitcoin, and Arrington Capital will serve on the board of the crypto lender’s successor, as will two members of Celsius’ own creditor committee.
Alex Mashinsky’s assets frozen by US court as part of criminal case
The former Celsius CEO was arrested on July 13 and faces criminal and civil charges stemming from his involvement in the now-defunct platform.
Ex-Celsius CEO Mashinsky’s Assets Ordered Frozen by Court as DOJ Case Continues
Corporate bank accounts and a Texas property are now untouchable after the executive’s July arrest
Crypto collapses generate hundreds of millions of dollars for lawyers
Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said.
Judge denies stakeholders’ request for representation in Celsius bankruptcy case
The judge also declined to declare the CEL token “not a security,” despite related rulings in the SEC v. Ripple case.
Celsius Token Holders Lose Bid to Hike CEL Valuation
Creditors of the bankrupt crypto lender argue it should be valued at $0.80, its nominal price when the company collapsed, despite allegations of market manipulation
Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval
Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.
Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay
The settlement was reached in July and, if the customers agree, it will go before the court for approval in October.
Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order
Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely restricted from moving funds over $10,000.
Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more
The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI.
Mashinsky’s Arrest, Ripple Ruling, Etc.
I was on vacation for the last week-and-a-half but before I left, I sent a list of things to watch for to my colleagues that in hindsight, was wholly inadequate. Anyway, here’s my effort to catch up.
Judge gives US prosecutors until Oct. 3 for discovery in case against Alex Mashinsky
U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”
U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Alex Mashinsky, Attorneys Tell Judge
The U.S. Department of Justice (DOJ) asked a federal judge for six to eight weeks to produce evidence for its case against Alex Mashinsky, the founder and former CEO of crypto lender Celsius.
Celsius Network reaches settlements to exit bankruptcy
Bankrupted crypto lender Celsius Network reached two settlements that may allow the return of assets to customers and end its bankruptcy proceedings.
Celsius could repay all USD claims if Bitcoin, Ether prices rose by 2X: Simon Dixon
Dixon called for creditors to fight to get out of the bankruptcy proceedings before BTC and ETH prices hit the estimated number to avoid another rug pull by the crypto lender.
Ripple Court Ruling Unlikely to Impact Celsius Wind-Up, Crypto Lender’s Counsel Says
Crypto securities ruling could impact pricing of CEL token but won’t affect restructuring plans, the counsel said.