Crypto Ban and $35M Settlement for Ex-Celsius CEO
New York Attorney General Letitia James secures a $35 million settlement and a lifetime ban on former Celsius CEO Alex Mashinsky for defrauding over 26,000 investors. #Breaking #Legal $CEL (-8) ↘
Celsius
Celsius Founder Banned in $35M Fraud Case
Former Celsius CEO Alex Mashinsky is permanently barred from crypto and finance, agreeing to a $35M settlement with New York AG Letitia James amid fraud allegations; he faces a 12-year prison term. #Breaking #Legal $CEL
Celsius CEO Banned; $35M Settlement Secured
New York Attorney General Letitia James permanently bans former Celsius CEO Alex Mashinsky from financial industries, securing up to $35M in penalties. #Breaking #Legal
Celsius Claims Defeated as Audit Lawsuit Survives
A US federal judge allowed one claim against @Chainalysis by Celsius Network’s litigation administrator to proceed, alleging it aided in fiduciary breaches related to a misleading $3.3 billion audit. #Update #Legal $CEL
Bitcoin Lawsuit Seeks 6360 BTC from BitMEX
@CelsiusNetwork has sued BitMEX affiliates for liquidations during the March 2020 crash, seeking 6,360 BTC (~$495M). Allegations include fraud and market manipulation. #Breaking #Legal $BTC
Bitcoin Exchange BitMEX Hit with Celsius Lawsuit
Celsius bankruptcy estate sued five BitMEX-linked companies for fraud and wrongful liquidations during March 2020, seeking recovery of nearly $490M in Bitcoin. #Breaking #Legal $BTC
Bitcoin Exchange BitMEX Hit by Celsius Lawsuit
@Celsius bankruptcy estate sues five BitMEX-linked companies for fraud and wrongful liquidations during the March 2020 crash, seeking nearly $490M in damages. #Breaking #Legal $BTC
Celsius Sues BitMEX for $495 Million Liquidations
Bankrupt crypto lender Celsius Network has sued BitMEX for $495 million over alleged forced liquidations during the March 2020 crash, claiming losses of 6,360 BTC. #Breaking #Legal $BTC
Celsius Trading Ban Imposed on Mashinsky
@CFTC permanently bans Celsius Network founder Alex Mashinsky from trading in regulated markets, concluding a fraud case involving $20 billion in customer funds. #Breaking #Legal $CEL (-8) ↘
CFTC Bans Celsius Fraudster Mashinsky
Celsius founder Alex Mashinsky was banned from CFTC-regulated markets and sentenced to 12 years for fraud, marking a significant regulatory enforcement action. Legal
CFTC Bans Ex-Celsius CEO Mashinsky
Alexander Mashinsky, ex-CEO of @Celsius, faces a ban from the U.S. Commodity Futures Trading Commission following his guilty plea to fraud, adding to his 12-year prison sentence. #Update #Legal $CEL
Celsius CEO Seeks Sentence Vacate After Lawyers Withdraw
Alex Mashinsky, former CEO of @CelsiusNetwork, files a motion to vacate his 12-year fraud sentence in New York, claiming ineffective counsel. #Update #Legal $CEL
Celsius Exec Sentenced After Guilty Plea
Roni Cohen-Pavon, former chief revenue officer of @CelsiusNetwork, sentenced to time served and one year supervised release for fraud; Alex Mashinsky already serving 12 years. #Update #Legal $CEL
Crypto CEO Banned After $4.7B Crash
Celsius founder Alexander Mashinsky, responsible for the $4.7 billion 2022 crypto crash, is banned from crypto as part of a $10 million FTC settlement while serving a 12-year sentence.