Alex Mashinsky, the former CEO of cryptocurrency lender Celsius, has pleaded guilty to one count of commodities fraud and one count of securities fraud. Together, these charges carry a maximum prison sentence of 30 years. Mashinsky’s Guilty Plea Mashinsky was initially indicted in July 2023 on seven charges, including fraud, conspiracy, and market manipulation related...Read More
Bankrupt crypto lending firm Celsius has announced plans to distribute an additional $127 million to creditors. The company’s estate revealed that this distribution will be made from its “Litigation Recovery Account ” and will benefit claimants in specific classes. Distribution Details According to a November 27 filing, the funds will be disbursed to those with claims...Read More
