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The Latest Breaking News from Celsius Network

Celsius Network Founders Ordered to Pay $16.5 Million to Resolve FTC Charges

The Federal Trade Commission (FTC) announced that the founders of collapsed cryptocurrency platform Celsius Network will pay a combined $16.5 million to resolve allegations that they misled consumers about the safety of customer deposits. The settlements involve former CEO Alexander Mashinsky, former Chief Strategy Officer Shlomi Daniel Leon, and former…

The Free Financial Advisor

Nigel Farage Cameo videos backed cryptocurrencies that collapsed in value

Cameo videos produced by the Reform UK leader were used to drum up interest in obscure memecoins

The Guardian - UK

Use of Still from "Girls Do Porn" Video to Criticize Later Employer of Alleged Participant Is Fair Use, not Copyright Infringement

From Judge George Daniels' opinion Tuesday in MCM Group 22 LLC v. Perry (S.D.N.Y.), which strikes me as quite… The post Use of Still from "Girls Do Porn" Video to Criticize Later Employer of Alleged Participant Is Fair Use, not Copyright Infringement appeared first on Reason.com.

Reason

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7 Crypto Investments That Ended in Complete Chaos

Cryptocurrency is the digital wild west—a space full of overnight millionaires, revolutionary tech, and, yes, devastating losses. While the world has seen Bitcoin go from a fringe project to global recognition, countless other ventures in the space have ended in complete chaos.

Everybody Loves Your Money

Founder of crypto platform Celsius Network is sentenced to 12 years in prison

The founder and former CEO of the cryptocurrency lending platform Celsius Network has been sentenced to 12 years in prison

The Independent UK

Prosecutors seek 20-year prison term for founder of failed crypto platform Celsius Network

Prosecutors say the founder and former CEO of the failed cryptocurrency lending platform Celsius Network should face 20 years behind bars for telling lies and engaging in self-dealing that cost customers billions of dollars in losses

The Independent UK

Celsius Network Founder Pleads Guilty To Federal Fraud Charges

Founder of Celsius Network pleads guilty to fraud charges for manipulating token prices and deceiving customers, facing up to 30 years in prison.

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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

Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network has pleaded guilty to federal fraud charges, admitting that he misled customers about the business

The Independent UK

Founder of failed crypto lending platform Celsius Network arrested on fraud charges

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network has been arrested on federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business

The Independent UK

Celsius report details red flags investors missed

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

Fortune

Legal Troubles Escalate For Celsius As Court Broadens Scope Of Investigation

A New York bankruptcy judge expanded the scope of the investigation in the Celsius Network (CRYPTO: CEL) bankruptcy case, as the company’s clients demanded an inquiry into the activities of

Benzinga

Bitcoin miner's stock slides on bankruptcy fears

Core Scientific listed on the Nasdaq on Jan. 20.

Axios

SpaceX Starlink's New In-Flight Connectivity Service, Amazon's NY Workers Reject Union, Celsius Network Faces Several Federal Investigations: Top Stories Wednesday, Oct. 19

Reuters US Lawmakers Plan Hearing On Kroger, Albertsons' $25B Merger

Benzinga

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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

Benzinga

Did You Invest In Celsius? 5 Reasons You May Have Lost Your Money

Beleaguered cryptocurrency lender Celsius is attempting to return coins to a small number of users who have been locked out of their accounts.

Bangkok Post

SEC tightens rules for digital asset ads

The Securities and Exchange Commission (SEC) took steps yesterday to tighten the rules governing the digital asset market and penalise businesses that breach regulations.

Bangkok Post

Warning issued over DeFi transactions

The Securities and Exchange Commission (SEC) is warning investors to exercise caution when making decentralised finance (DeFi) transactions, saying there are risks and they do not fall under the supervision of the country's regulators.

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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.

Benzinga

Here Is Everyone (For Now) 3 Arrows Capital (3AC) Owes Money To

As Three Arrows Capital (3AC) goes through the liquidation process mandated by the Order of the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands, the full depth of the company's implosion and its effect on the crypto industry is starting to become clear.

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.

Benzinga

Benzinga Before The Bell: Tesla's AI Exec Quits, Hyundai Unveils Ioniq 6 EV, Taiwan Semiconductor's Massive Q2 Profit Surge And Other Top Financial Stories Thursday, July 14

CNBC United Airlines, Pilots’ Union To Improve Agreement By Renegotiating

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