Alex Mashinsky

Alex Mashinsky, the founder and former CEO of the now-collapsed cryptocurrency lender Celsius Network, was sentenced to a 12-year prison term for securities and commodities fraud on Thursday. What Happened: The sentencing was delivered by U.S. District Judge John Koeltl in Manhattan...

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,...

In a significant development for the distressed crypto lender Celsius Network LLC (CRYPTO: CEL), a bankruptcy court has sanctioned its proposal to reorganize into a Bitcoin (CRYPTO: BTC) mining business owned by creditors. This strategy is designed as part of a comprehensive scheme to settle the...

Former Celsius (CRYPTO: CEL) CEO Alex Mashinsky faces a freeze on his banking and real estate assets amid an ongoing criminal investigation, according to court records. Mashinsky, also a co-founder of the lending platform, was taken into custody in July on several charges, including...

In a major development, Alexander Mashinsky, the founder and former CEO of Celsius Network (CRYPTO: CEL), has been arrested on charges of securities fraud, commodities fraud and wire fraud. What Happened: The charges, brought forth by the United States Attorney for the Southern District...

The former CEO and co-founder of the now-defunct cryptocurrency lender Celsius (CRYPTO: CEL), Alex Mashinsky, was taken into custody on Thursday. This arrest comes in the wake of a Department of Justice inquiry into the downfall of the company, Bloomberg reported, quoting sources. The...

The Commodity Futures Trading Commission (CFTC) has found that the now-defunct crypto lender Celsius Network (CRYPTO: CEL) and its previous CEO, Alex Mashinsky, violated U.S. regulations prior to the company's collapse. If the CFTC's commissioners concur with these findings, a lawsuit could...

Beleaguered cryptocurrency lender Celsius (CRYPTO: CEL) lacks proper asset and liability tracking and attempted to cover up false statements made publicly by its Chief Executive Officer Alex Mashinsky. That's according to independent examiner Shoba Pillay, who informed the U.S Bankruptcy Court...

New York Attorney General Letitia James claims Alex Mashinsky, the former CEO of cryptocurrency lending platform Celsius Network, defrauded hundreds of thousands of investors, including more than 26,000 New Yorkers, out of billions of dollars worth of cryptocurrency. The lawsuit alleges that...

Cryptocurrency lender Celsius Network (CRYPTO: CEL), which declared bankruptcy earlier this year, told a U.S. bankruptcy court that it is facing several “federal investigations." What Happened: Celsius has been subject to enforcement proceedings or investigations in at least 40...

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 company is a Ponzi scheme. Statements made by Celsius CEO false and misleading A filing...

Dogecoin (CRYPTO: DOGE) cofounder Jackson Palmer took to Twitter Inc (NYSE: TWTR) to share his disapproval of bankrupt crypto lender Celsius Network. What Happened: “Mind-boggling that even though they've filed for bankruptcy, you can still click "Get Started" on the Celsius...

Cryptocurrency lender Celsius has laid off 150 employees, including some working in Israel and the U.S., reports Calcalist.   The workforce reduction comes as the company is exploring options like pursuing strategic transactions and restructuring its liabilities.  Recently, Sam...

Celsius, the disaster-stricken cryptocurrency lender, has assured its community that it was exploring all the options available to stabilize liquidity and operations. What Happened: In a blog post on June 30, Celsius said that it was exploring options like pursuing strategic transactions and...

Celsius (CRYPTO: CEL) has denied the reports that its CEO Alex Mashinsky attempted to flee from the United States, but was halted by authorities. What Happened: On June 27, reports emerged that Mashinsky attempted to leave the country. However, on June 28, the Celsius team contested these reports,...