2023-3-7 18:48 |
Celsius Network, a lending company, is facing claims that it made CEL purchases worth $558 million using customer deposits. origin »
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Ex-CEO Alex Mashinsky, ex-CSO Daniel Leon and CTO Nuke Goldstein pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May, before the company suspended all customer withdrawals.
2022-10-7 09:49 | |
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Celsius Network (CEL/USD) founder Alex Mashinsky, who recently resigned as the bankrupt crypto lender’s CEO, withdrew $10 million from the firm’s accounts just weeks before it announced a halt to all customer withdrawals, according to a Financial Times report.
2022-10-4 17:30 | |
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Federal prosecutors have urged a U.S. court to grant a reduced sentence to former Celsius executive Roni Cohen-Pavon, citing his cooperation in the case against the company’s founder. According to a letter filed Monday in the U.S. District Court for…
Alex Mashinsky, disgraced founder of Celsius, was sentenced to 12 years in prison.
Celsius seeks a $2 billion return from users who withdrew funds within 90 days before its bankruptcy, aiming for fair creditor treatment.
Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract. The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy.
Bankrupt crypto lender Celsius has opened withdrawals for eligible custody users starting Nov. 29, according to a statement on its official handle on social media platform X (formerly Twitter). A Nov.
“The return comes from hash rate, not from pixie dust, Ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed.
Key takeaways Celsius is seeking court approval to start repaying customers in the coming weeks. The company will repay its creditors using Bitcoin and Ethereum and stock in the new company.