Celsius
Ex-Celsius CEO Mashinsky Seeks to Overturn 12-Year Fraud Sentence
Alex Mashinsky, ex-CEO of Celsius, files motion to vacate his 12-year sentence, citing ineffective counsel and evidence concerns.
Ex-Celsius Exec Roni Cohen-Pavon Sentenced for CEL Fraud
Former Celsius CRO Roni Cohen-Pavon sentenced to time served for CEL token manipulation and fraud. Market implications for CEL remain minimal.
US Seeks $1M Forfeiture from Ex-Celsius Exec Roni Cohen-Pavon
Roni Cohen-Pavon, ex-Celsius CRO, faces $1M forfeiture tied to fraud before sentencing, following his guilty plea in 2023.
Celsius, SBF Legal Drama Heat Up as US Tightens Crypto Oversight
Key updates: Alex Mashinsky to represent himself, US seeks $10M from SBF, Washington bans crypto kiosks. Legal pressures mount for crypto.
US Prosecutors Seek Leniency for Ex-Celsius Exec Roni Cohen-Pavon
Roni Cohen-Pavon, ex-Celsius CRO, faces sentencing after aiding prosecutors in Alex Mashinsky's fraud case. Here's the latest.
Celsius Unloads Over $125M in Ethereum, Stirs Crypto Market Speculation
Celsius Network's transfer of over $125M in Ethereum to exchanges amid bankruptcy stirs speculation in the crypto market.
Celsius Crypto Lender's Bankruptcy: Large Withdrawals Clawbacks
Celsius Network is imposing bankruptcy proceedings on account holders with $100,000 or more liabilities, and is taking legal action against those who withdrew large amounts pre-bankruptcy.
Celsius Network Announces Court Approval of Reorganization Plan
Celsius Network has received court approval for its Plan of Reorganization, which aims to transform the company into a creditor-owned bitcoin mining firm, with over 95% creditor support, and aim for a 2024 Chapter 11 emergence.
Bhutan Sovereign Investment Fund Invests Millions in Crypto
The sovereign investment arm of Bhutan, estimated to manage around $2.9 billion in assets, has invested millions in cryptocurrencies without disclosing it to the public. The investments were revealed after crypto firms BlockFi and Celsius filed for bankruptcy in 2022. BlockFi has filed a complaint against Druk Holding and Investments (DHI) to reclaim outstanding assets, alleging that the fund defaulted on its $30 million loan in March.
Crypto Firms Report Funds Tied Up with Shuttered Signature Bank
Crypto firms including Coinbase, Paxos, and Celsius have reported funds tied up with Signature Bank, which was shut down by New York regulators due to concerns about systemic risk. While some firms expect to recover their funds in full, others have disclosed only that they had exposure to the bank. Other firms in the crypto industry have reassured customers that they had no exposure to Signature Bank.