Judge denies ex-Celsius CEO’s bid to dismiss fraud, manipulation charges
A federal judge ruled that Alex Mashinsky’s legal team’s arguments to dismiss two of his seven criminal charges were “either moot or without merit.” Go to Source
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Former Celsius CEO to return to court on Nov. 13
Judge John Koeltl ordered Alex Mashinsky and prosecutors to appear in court on Nov. 13 to address the former Celsius CEO’s motion to dismiss fraud and market manipulation charges. Go to Source
Is an ex-Celsius exec planning to attend Token2049?
The timing of a travel request filed by Roni Cohen-Pavon in US court coincides with a crypto conference that Celsius executives have previously attended. Go to Source
Crypto hacks surpass $1.2B in 2024, Celsius repays $2.5B: Finance Redefined
Crypto hacks may surpass 2023’s record, with $1.2 billion already stolen, and Celsius is finally beginning to repay its creditors. Go to Source
Celsius distributes $2.5B to 251,000 creditors amid bankruptcy proceedings
Over 121,000 Celsius creditors have yet to claim their funds, according to the Celsius bankruptcy administrator. Go to Source
Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
The assets in question were evidently given to Tether as collateral. Go to Source
Legal fees skyrocket in high-profile crypto bankruptcies
High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis. Go to Source
Report: Bankman-Fried Stands by Legal Team Amid Potential Conflict of Interest
Sources report that Sam Bankman-Fried (SBF), the erstwhile crypto magnate and former head of FTX, intends to utilize his newly appointed legal team, despite these attorneys also serving Alex Mashinsky, the former chief of Celsius. On Wednesday, in a courtroom declaration, SBF confirmed his complete understanding that his legal representatives were also advocating for Mashinsky. … Read more
Ethereum Surpasses $2250 Mark Amidst Deposit Reports By Celsius And FTX
Ethereum, the second-largest cryptocurrency by market capitalization, has surged past the $2250 mark, currently trading at $2266 with a 2% increase over the past 24 hours. This upward momentum comes despite recent reports indicating significant deposits by Celsius and FTX to centralized exchanges (CEXs). Spotonchain’s on-chain reports reveal that Celsius and FTX collectively transferred $59.06 … Read more
Hut 8 signs deal to develop new mining site to build equity with Celsius creditors
Hut 8’s new mining site in Cedarvale, Texas, will house almost 66,000 miners and will be powered by more than 215 MWof energy. Go to Source
