Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees. Go to Source Powered by WPeMatico
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Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17
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
Everything that’s happened with Celsius and Alex Mashinsky so far
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
Celsius ‘pleased’ with resolutions amid $4.7B FTC fine
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
US Attorney’s Office announces charges against former Celsius CEO Alex Mashinsky
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
Breaking: Celsius Network fined $4.7B by FTC
The regulator said Celsius “squandered billions in user deposits” after “duping” customers into depositing funds. Go to Source Powered by WPeMatico
Former Celsius CEO Alex Mashinsky reportedly arrested
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
US SEC files lawsuit against Celsius and Alex Mashinsky: Report
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 files lawsuit to recover $150M from staking platform StakeHound
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
Binance, Coinbase and Gemini staff are among the least happy, data suggests
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