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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.

Celsius estate alleges TrueUSD firms gambled customer deposits

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.