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Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020. Go to Source Powered by WPeMatico
A look back at the rise and fall of Celsius, starting with the firm’s growth during the pandemic to the arrest of its former CEO and resolutions with federal regulators. Go to Source Powered by WPeMatico
A community member responded that they were also “pleased” to see former Celsius CEO Alex Mashinsky charged with multiple crimes. Go to Source Powered by WPeMatico
Authorities said they had reached a “non-prosecution agreement” with Celsius, but former CEO Alex Mashinsky will face criminal charges related to fraud and misleading users. Go to Source Powered by WPeMatico
The regulator said Celsius “squandered billions in user deposits” after “duping” customers into depositing funds. Go to Source Powered by WPeMatico
US SEC filed a lawsuit against banktupt crypto lender on July 13 followed by news reports about the arrest of the former CEO Alex Mashinsky. Go to Source Powered by WPeMatico
Last week, a separate U.S regulator, the CFTC reportedly found that Celsius and Alex Mashinsky broke several regulations before the collapse in 2022. Go to Source Powered by WPeMatico
Celsius aims to claw back 40 million MATIC, 66,000 DOT, 25,000 staked native ETH and 35,000 ETH from liquid staking platform StakeHound. Go to Source Powered by WPeMatico
Crypto exchange Binance said its “hardcore” work culture could explain some of the results, while recruiters warn the data should be taken with a grain of salt. Go to Source Powered by WPeMatico
If the majority of CFTC commissioners agree with that conclusion, it could file a case in federal court. Go to Source Powered by WPeMatico
