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Key Takeaways Tether has settled all claims relating to the Celsius bankruptcy case. The settlement resolves long-standing disputes regarding Tether’s role in liquidating Celsius loans during the lender’s 2022 collapse. Share this article Tether has settled all claims related to the Celsius bankruptcy case, CEO Paolo Ardoino announced today. The agreement resolves disputes between Tether … Read more
High Noon has issued a voluntary recall of its popular vodka seltzer after it was discovered that some cans had been erroneously labeled as Celsius energy drinks. The recall, announced on Tuesday and coordinated with the Food and Drug Administration, applies to two production lots of High Noon Beach Variety packs (12-pack/12 fluid ounce cans), … Read more
USDT issuer Tether has been dealt a blow in its multibillion-dollar lawsuit with Celsius after a US bankruptcy judge ruled that the lawsuit can proceed. The judge denied Tether’s attempt to dismiss claims that it “improperly” liquidated Celsius’s Bitcoin collateral during the crypto lender’s collapse in 2022. Per court documents filed in New York on … Read more
Alex Mashinsky, disgraced founder of bankrupt crypto lending firm Celsius, stole $48 million from customers. A landmark case of crypto fraud reached its conclusion. On Thursday, May 8, Celsius founder Alex Mashinsky was sentenced to 12 years in prison for his role in the firm’s bankruptcy, which cost its users billions. According to the prosecution, … Read more
The founder and former CEO of the cryptocurrency lending platform Celsius Network was sentenced Thursday to 12 years in prison after a prosecutor labeled him a predator who “preyed on hope” by enticing vulnerable customers to risk their life savings for a supposedly safe investment. Alexander Mashinsky, 59, was sentenced by U.S. District Judge John … Read more
Under the applicable sentencing guidelines, Mashinsky could have faced up to 30 years in prison. But federal judges are required to take into account various additional factors when arriving at a sentence, including the characteristics and personal history of a defendant, the likelihood they might reoffend, and so on. “It’s a complicated patchwork of facts … Read more
In a move raising more eyebrows than sympathy, disgraced Celsius founder Alex Mashinsky has just been granted permission to travel after his sentencing, however, this time not for a business deal, but to walk his daughter down the aisle. The catch? This isn’t your average crypto dad. Mashinsky is awaiting judgment on federal fraud charges … Read more
Today’s edition of the weekly recap covers Strategy’s continued Bitcoin purchases, Nexo’s return to the U.S. after a hiatus, and the latest on Celsius founder Alex Mashinsky’s trial. Strategy buys more Bitcoin Nexo returns to the US Regulations and prosecutions…
Hundreds of investors asked a federal judge to impose a life sentence on Celsius CEO Alex Mashinsky for his role in the crypto lender’s 2022 collapse. Celsius Network investors are calling for a life sentence for co-founder and former chief executive Alex Mashinsky, who pleaded guilty to fraud charges after the crypto lender collapsed in … Read more
“This is a warning light going off on the Earth’s dashboard that immediate attention is needed,” said University of Georgia meteorology professor Marshall Shepherd. Read More
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