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The Latest Breaking News from Alex Mashinsky

Celsius Network Founder Alex Mashinsky Pleads Guity To Two Counts Of Fraud, Including Manipulating In-House Crypto's Price

Alex Mashinsky, the disgraced founder and ex-CEO of cryptocurrency lender Celsius Network, admitted guilt to two counts of fraud on Tuesday. What Happened: Despite his initial plea of not guilty, Mashinsky confessed to two of the seven charges during a hearing before a U.S. District Judge, according to a Reuters report.

Benzinga

SBF Says He's Sticking With New Lawyers Through Sentencing Despite Possible Conflicts

SBF said he was aware of potential conflicts of interest in hiring a lawyer who also represented the founder of another collapsed crypto firm that FTX has had business interactions with.

International Business Times

Ex-Celsius CEO Fights To Dismiss Charges; Legal Team Reportedly Abandons Ship Over Non-Payment?

Aside from his indictments, Mashinsky is allegedly losing the Yankwitt LLP law firm in his defense team after it reportedly applied to withdraw its representation because of the crypto executive's alleged "deliberate disregard" to pay.

International Business Times

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Celsius to exit bankruptcy in early 2024 and give back some $2 billion to customers

The company filed for bankruptcy in July 2022.

Fortune

How Matt Damon and a fairytale sent The O.C.’s Ben McKenzie down the crypto rabbit hole

EXCLUSIVE: Actor-turned-investigative journalist Ben McKenzie tells Bevan Hurley that cryptocurrency is one giant scam fuelled by greed, manipulation and many of his fellow Hollywood stars

The Independent UK

'Extremely vulnerable to abuse': Token grants back in the spotlight after former Celsius CEO allegedly pocketed $42 million

Alex Mashinsky was arrested Thursday and hit with seven charges, including wire fraud.

Fortune

DOJ charges former Celsius CEO Alex Mashinksy with fraud as multiple federal agencies sue bankrupt crypto lender

The crypto lender that became popular for its double-digit yields filed for bankruptcy last year.

Fortune

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Celsius turns to Fahrenheit to oversee bankruptcy exit

Fahrenheit won the bid after venture capital firm NovaWulf initially was named the winner of the auction in mid-April.

Fortune

John Oliver on cryptocurrencies: ‘This is all still a casino’

Last Week Tonight host examines the volatility and risks of cryptocurrencies through the collapses of Terra, Celsius and FTX

The Guardian - US

Celsius report details red flags investors missed

Customers have been trying to claw back $4.7 billion in deposits.

Fortune

Crypto's very bad year yielded even worse falls from grace. Here's a list.

Some of the industry’s biggest names fell from historic highs historically quickly.

Fortune

Crypto: Founder of Bankrupt Celsius Calls on Elon Musk For Help

Celsius Network filed for bankruptcy in July, causing losses to many investors and customers.

The Street

Crypto Billionaires and CEOs Can't Be Trusted

The cryptocurrency industry is heading for a crisis of confidence, caused by the statements of one of its most influential players.

The Street

Cryptocurrency News And Price Weekly Wrap-Up For Sept. 30

Crypto News Weekly Wrap-Up: Elon Musk mulls blockchain, crypto payments in Twitter texts; Disney's crypto plans; red notice issued for crypto founder

Investors Business Daily

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The Street

Crypto: Hemorrhage of CEOs Continues

At least five CEOs or senior level executives have stepped down from cryptocurrency companies recently.

The Street

Crypto Crash Causes Big Damage Among CEOs

The collapse of cryptocurrency prices, including bitcoin, has had a sharp and unexpected impact at the top of crypto firms.

Benzinga

Celsius Network Is A Ponzi Scheme, Suggests Vermont Regulator; Slams CEO For 'False' Statements

The Vermont Department of Financial Regulation has outlined a variety of state concerns about unregistered securities offerings and fraud committed by the cryptocurrency firm Celsius Network, suggesting that the compan

The Street

Crypto: Reddit Gen Z Traders Are Back for a Big Splash

Reddit traders want to reclaim retail investors' money from embattled Celsius Network and Voyager Digital.

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Input

Celsius is an even bigger dumpster fire than we thought

CEO Alex Mashinsky took over the embattled crypto exchange's trading strategy in January, and proceeded to make some questionable decisions at its helm.

Los Angeles Times

'Bachelorette' contestant's firefighter dad has retirement locked up in bankrupt crypto lender

Chapman Shallcross had been burned before. Shallcross, father of current "Bachelorette" contestant Zach Shallcross, spent 34 years in the fire service, retiring from his job as a fire captain for the city of Orange after health issues caught up to him in 2020. The elder Shallcross considers himself a hands-on,…

ABC News

Australian investors left with nothing as cryptocurrency giant Celsius goes bankrupt

Australians describe their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals.

Bangkok Post

Crypto clients beg for their cash back after lender's crash

WASHINGTON: An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

Asharq Al-Awsat

Crypto Clients Beg for their Cash Back after Lender's Crash

An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back. Hundreds of letters have poured in to the judge overseeing the firm's multi-billion-dollar bankruptcy and they…

AFP

Crypto clients beg for their cash back after lender's crash

Washington (AFP) - An Irishman at risk of losing his farm.An American having suicidal thoughts.An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

Financial Times

Tether’s recovery of an $840mn loan scrutinised in Celsius bankruptcy

Case is a major test of how US insolvency rules will apply in the digital asset sector

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