Bitcoin24h $81,835.80-1.58%

Ethereum24h $1,795.23-1.97%

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Ionic restarted Celsius’ crypto miners and is already facing a lawsuit

Ionic Digital, which purchased crypto mining assets from Celsius’ bankruptcy, has seen seven directors resign.

Celsius founder Alex Mashinsky wants to delay fraud sentencing

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.

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.’