Former Celsius chief revenue officer Roni Cohen-Pavon pleaded guilty to US criminal charges in 2023 and has been allowed to travel to Israel on bail.
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Former Celsius CEO Alex Mashinsky pleaded guilty to commodities fraud and a fraudulent scheme to manipulate the price of Celsius’s native token, facing up to 20 years in prison. Arrested in 2023, Mashinsky was accused of defrauding customers by misrepresenting Celsius’s financial health to secure crypto deposits and sustain the platform’s services. Celsius, a crypto […]
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US authorities charged the former Celsius CEO with seven felony counts related to fraud and misleading users after reaching a “non-prosecution agreement” with the company in 2023.
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The debtor’s estate for the failed crypto lending platform announced a second payment of $127 million to creditors, but some are still unhappy with the result.
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A federal judge ruled that Alex Mashinsky’s legal team’s arguments to dismiss two of his seven criminal charges were “either moot or without merit.”
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Judge John Koeltl ordered Alex Mashinsky and prosecutors to appear in court on Nov. 13 to address the former Celsius CEO’s motion to dismiss fraud and market manipulation charges.
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Over 121,000 Celsius creditors have yet to claim their funds, according to the Celsius bankruptcy administrator.
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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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According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings.
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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.
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