CFTC Permanently Bans Celsius Founder Mashinsky From U.S. Markets After $20B Crypto Collapse
The legal fallout from the collapse of crypto lender Celsius Network continues to unfold, with U.S. regulators securing another major victory against the firm's former chief executive, Alexander Mashinsky.
Alex Mashinsky Pleads Guilty
Alex Mashinsky, the founder and former CEO of Celsius Network, has pleaded guilty to two counts of fraud. This development marks a pivotal moment in the ongoing scrutiny of the cryptocurrency sector.
Celsius Provides Contact Details For Creditor Claims
After the first court hearing in its Chapter 11 bankruptcy proceedings, Celsius has provided details for how customers can make a claim, and also says it wants to present a plan to the court "that will provide customers with an option to remain long crypto."