Celsius Network News

Bhutan moved $22.4 million in Bitcoin out of sovereign wallets this week, including a direct transaction to institutional market maker QCP Capital. The Himalayan nation’s crypto portfolio has dropped from a $1.4 billion peak to about $412...

A consortium established by the companies announced the recovery of Celsius funds tied to claims against Tether.

A US Bankruptcy Court has ruled that Celsius Network may proceed with several claims in its lawsuit against stablecoin issuer Tether, according to a June 30 order from Judge Martin Glenn. According to the filing, the court allowed Celsius to pursue...

Ex-Celsius CEO Alex Mashinsky was sentenced to 12 years in prison on May 8 for orchestrating a scheme that defrauded customers of the crypto lending platform by misrepresenting investment risks and manipulating the price of the company’s token, CEL....

While Alex Mashinsky faces a potential 20-year prison sentence for fraud and market manipulation, Celsius (CEL) token has soared 70%, reflecting investor optimism despite ongoing legal issues. The post Celsius Founder Alex Mashinsky Faces 20 Years...

Lawyers for former Celsius Network CEO Alex Mashinsky have asked a federal judge to postpone his sentencing by one month, citing the complexities of the case and the volume of material requiring review, according to a Feb. 5 court filing. Mashinsky,...

Celsius Network filed a notice of appeal on Dec. 31, contesting Judge John Dorsey’s decision to disallow the bankrupt crypto lender’s $2 billion disparagement claim against defunct crypto exchange FTX. The appeal, now slated for review in the...

Alex Mashinsky, the former CEO of crypto lender Celsius, has pleaded guilty to two charges related to fraud and market manipulation, agreeing to a sentencing guideline of 30 years in prison.  Mashinsky was indicted in July 2023 on seven counts,...

Alex Mashinsky pleads guilty to fraud charges tied to Celsius collapse, facing up to 20 years for CEL token manipulation and misconduct. The post Former Celsius CEO Alex Mashinsky to Plead Guilty in Fraud Case appeared first on BeInCrypto.

Celsius creditors to receive $127M in second payout from Litigation Recovery Account, with options for BTC or USD based on eligibility. The post Celsius to Distribute $127 Million in Second Payout to Creditors appeared first on BeInCrypto.