Alex Mashinksy’s assets were frozen by court order in August

2023-9-6 19:10

A federal court in New York issued a Post-Indictment Restraining Order against Alexander Mashinsky, former CEO of the bankrupt cryptocurrency lender Celsius Network, on August 16, 2023, freezing his assets and prohibiting any transactions.

The order became public knowledge on September 5, when select documents revealing the asset freeze were unsealed.

The restraining order, which included several bank accounts and real estate owned by Mashinsky or entities under his control, is part of an ongoing investigation into the alleged misconduct by the former CEO and his company. According to filings, the court found probable cause that the property of Mashinsky, which is now under restraint and subject to forfeiture, is involved in the proceeds of securities fraud, wire fraud, market manipulation, and money laundering.

This development follows a chain of events that began in July 2023 when Mashinsky was arrested on charges of fraud brought by the U.S. Securities and Exchange Commission (SEC), accusing Mashinsky and Celsius of misleading investors and manipulating the price of Celsius’s own crypto token, CEL.

Fall from grace

Formerly a successful crypto lending platform, Celsius faced its downfall when it filed for bankruptcy last year amid a market downturn that led to the collapse of several other crypto-related firms. Celsius was authorized by the bankruptcy court in July 2023 to convert its altcoin holdings into Bitcoin (BTC) and Ethereum (ETH) as part of its efforts to stabilize its financial situation.

Mashinksky, for his part, has “vehemently” denied the allegations leveled against him. Following his arrest and subsequent release on a $40 million bail, Mashinsky’s legal representative, Jonathan Ohring, stated to the media that his client categorically rejects all charges. Asserting his innocence, Mashinsky plans to confront these accusations in court and intends to “vigorously” defend his reputation and the legacy of his contributions to the crypto sector.

Mashinsky’s arrest and the subsequent freezing of his assets coincide with an intensified crackdown on fraud in the crypto industry by regulators and law enforcement agencies. This crackdown comes in response to high-profile collapses in the sector and growing public concern about the adequacy of laws and regulatory oversight, as reported by CryptoSlate.

The post Alex Mashinksy’s assets were frozen by court order in August appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Decentralize Currency Assets (DCA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 DCA

august order court assets celsius network cryptocurrency

august order → Результатов: 71


Grayscale wins court battle against SEC; Bitcoin jumps 6% within first hour after ruling

In a landmark ruling on August 29, 2023, the United States Court of Appeals for the District of Columbia Circuit vacated an order from the Securities and Exchange Commission (SEC), granting Grayscale Investments LLC a long-awaited victory in its lawsuit over the conversion of its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF).

2023-8-29 17:47


1inch Launches DEX Aggregation Protocol On Base Network

Decentralized exchange (DEX) aggregator 1inch Network has announced the expansion of its operations to Coinbase’s Ethereum layer 2 (L2) network, Base.   1inch’s Aggregation And Limit Order Protocols Go Live On Base In a blog post published on Thursday, August 24, 1inch disclosed the deployment of its aggregation protocol and limit order protocol on the Coinbase-incubated Base network.

2023-8-25 03:00


Binance To Delist These Three Tokens In August Due To Non-Compliance

The world’s largest exchange Binance announced on Tuesday, August 15, intentions to delist three tokens from its trading platform.  According to the exchange’s official statement, it regularly conducts a periodic review of all cryptocurrencies and trading products on its platform, ensuring they are of the highest standards in order to protect its customers’ interests.

2023-8-16 12:30


Фото:

HUMANODE Enters Republic Crypto

San Francisco, California AUGUST 2021: HUMANODE, the world’s first Blockchain project to utilize a consensus mechanism based on crypto-biometric identification, in order to realize their goal of one human = one node = one vote to overcome various known issues in modern day crypto economics and governance,  has announced their strategic partnership with Republic.co.  RepublicRead More

2021-8-5 08:00


Binance’s CEO announces launch of Futures product in September

Several cryptocurrency exchanges around the world, including Binance, are ramping up their efforts to emerge as the world’s most influential exchange. In order to follow up the announcement made during the Asia Blockchain Summit in Taiwan, Binance CEO Changpeng Zhao confirmed during his AMA on August 28 that the exhchange’s Futures product will be launched […] The post Binance’s CEO announces launch of Futures product in September appeared first on AMBCrypto.

2019-8-28 10:18


Фото:

Swiss Regulator Issues Guidance for Blockchain and Cryptocurrency

FINMA, the financial market regulator in Switzerland, has released a guide in line with FATF rules in order to target KYC/AML compliance for blockchain payments companies and cryptocurrencies. Any party that transacts in cryptocurrencies or transmits money over the blockchain is liable to comply with existing money laundering regulation in Switzerland, August 26, 2019.

2019-8-27 01:00


Ethereum Price Prediction and Analysis For August 16th – ETH Declining, Crypto Community Expecting Growth

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The second cryptocurrency in terms of capitalization, the Ethereum, continues a declining correction. The test of the important support level of $165 is close; if it happens, the buyers will have to demonstrate a bounce in order to prevent further decline.

2019-8-17 01:27


15 августа биткоин-биржа Binance проведет технические работы

Ведущая по объемам торгов биткоин-биржа Binance анонсировала технические работы, которые пройдут 15 августа. Начиная с 05:00 МСК, ввод/вывод средств и торговля будут недоступны в течение 6-8 часов. #Binance System Upgrade Noticehttps://t.

2019-8-14 11:15


Биткоин-биржа Coinbase Pro добавит поддержку Algorand

14 августа ведущая биткоин-биржа США Coinbase Pro добавит поддержку токена Algorand и разрешит пользователям вносить депозиты в течение как минимум 12 часов до открытия торгов. On Wednesday, August 14 our ALGO/USD order book will enter transfer-only mode, accepting inbound transfers of ALGO in supported regions.

2019-8-10 09:59


Фото:

Texas: Security Commission Files Against Crypto Scam, Offers Guidance for Cryptocurrency Investors

According to a Texas State Security Board announcement dated  August 7, a cease and desist order has been filed against a New York-based company who was promising improbable returns to investors through its unlicensed platform which dealt with forex and securities trading, as well as cryptocurrency investing.

2019-8-9 11:24


Фото:

Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30


Фото:

Reserve Bank of India Concerned about Crypto-Regulations Backfiring

The Reserve Bank of India’s decision to crack down on the emerging crypto space may have been having the unintended effect of pushing digital currencies back into the underground. Ban Creating a Black Market? On August 29, 2018, the RBI released its annual report, which stated that there was a need to keep track of digital currencies in order to...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-3 18:00


Фото:

Viabtc CEO Proposes BCH Organization to Establish Standards

On August 31 the CEO of the firm Viabtc, Haipo Yang, published a blog post proposing the establishment of a standardization organization like the World Wide Web’s W3C consortium. Haipo Yang wants to start a similar group called the Bitcoin Cash Standard Organization (BCSO) in order to create standards and achieve better transparency when it […] The post Viabtc CEO Proposes BCH Organization to Establish Standards appeared first on Bitcoin News.

2018-9-1 02:35