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The Latest Breaking News from Alex Mashinsky

Who Is Alex Mashinsky: Quick Facts On Celsius Venture And Latest 12-Year Prison Sentence

He admitted to misleading customers about Celsius's financial health and manipulating the company's CEL token.

International Business Times UK

Co-founder of crypto platform Celsius, which went bust with a billion-dollar hole in its finances, sentenced to 12 years in federal prison for 'orchestrating one of the biggest frauds in the crypto industry'

Alex Mashinsky was known for characterising traditional banks as untrustworthy.

PC Gamer

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

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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

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

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'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

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

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

Benzinga

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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.

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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…

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

Bangkok Post

Crypto bankruptcy adds to Thai woes

The collapsing value of Thai digital assets has been exacerbated by the bankruptcy of US-based Celsius Network, following months of rapidly deteriorating sentiment in the global and domestic cryptocurrency markets and a series of insolvencies among high-profile crypto lenders.

The Guardian - UK

Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing

Company says it was faced with ‘run on the bank’ amid ‘cryptopocalypse’ as investors raced to withdraw assets

Evening Standard

Users owed £4 billion by bust crypto lender Celsius

A staggering $4.7 billion (£4 billion) of assets is owed to users of bankrupt crypto lender Celsius Network, court filings show, as crypto holders struggle to recover their investments in the wake of the Bitcoin price crash.

Input

Celsius bankruptcy signals more pain for users with frozen funds

The crypto exchange paused withdrawals in June and has now officially filed Chapter 11. Meanwhile, users' money is still stuck in limbo with no end in sight.

Financial Times

Inside Celsius: how one of crypto’s biggest lenders ground to a halt

Former employees and internal documents suggest a reckless pursuit of high returns put the company in a poor position to ride out this year’s market turbulence

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