Celsius sues BitMEX over trades Alex Mashinsky said never happened
A $495M lawsuit against BitMEX by Celsius debtors concerns trades that CEO Alex Mashinsky claimed never happened.
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A $495M lawsuit against BitMEX by Celsius debtors concerns trades that CEO Alex Mashinsky claimed never happened.
Read more (2 min) →Celsius has filed a lawsuit against Archblock, alleging that it's failed to redeem millions of dollars worth of stablecoins.
Celsius founder Alex Mashinsky will reportedly spend 12 years in a facility described as “Bernie Madoff’s desired retirement home.”
Mashinsky's lawyers argued that a 15-year sentence would be "too much,” and that his deeds aren't comparable to other scams like OneCoin.
Ionic Digital, which purchased crypto mining assets from Celsius’ bankruptcy, has seen seven directors resign.
Former Celsius CEO Mashinsky claims his current legal obligations have put him in an "untenable situation” that requires a sentencing delay.
Celsius, the crypto lending Ponzi scheme that came to a crashing halt in June of 2022, is currently working its way out of bankruptcy.
Tether has grown its role in the crypto ecosystem, funding projects across different verticals while receiving fewer audits than FTX.
— Celsius
According to the Celsius website, the plan to shutter its app was announced a while ago and can be found in its 'Plan of Reorganization.'
Several crypto firms including Alameda Research, Blockfolio, Celsius, and Voyager received PPP loans during the pandemic.