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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Alex Mashinsky, the former CEO of Celsius Network, a bankrupt crypto lender, has been arrested in New York, reports on July 13 show. The arrest follows an investigation into the collapse of the crypto firm
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The United States Attorney for the Southern District of New York and Federal Bureau of Investigation have announced fraud charges against the former CEO of bankrupt crypto lender Celsius, Alex Mashinsky.In a July 13 announcement, the U.S. Justice Department said it had charged Mashinsky with securities fraud, commodities fraud, and
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The United States Federal Trade Commission has issued a $4.7-billion fine against bankrupt crypto lender Celsius Network. However, the judgement will be suspended to “permit Celsius to return its remaining assets to consumers in bankruptcy proceedings.”According to the July 13 announcement, Celsius and its affiliate companies will be permanently banned
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“In this case, Celsius offered and sold CEL and the Earn Interest Program as securities….. Celsius and Mashinsky never filed a registration statement or had one in effect with the SEC for their offers and sales of securities through the Earn Interest Program,” the complaint said. Source
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The United States’ Securities and Exchange Commission (SEC) is reportedly taking action against Celsius Network, one of the cryptocurrency lending firms that collapsed in 2022.The securities regulator filed a lawsuit against Celsius’ former CEO Alex Mashinsky on July 13, according to a report by Bloomberg. Details of the complaint weren’t
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The former CEO of now-bankrupt crypto lender Celsius, Alex Mashinsky, was reportedly arrested on the morning of July 13. The news broke minutes after the United States Securities and Exchange Commission filed a lawsuit against the crypto lender on the same day.The former CEO was reportedly arrested after a probe into the
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Bankrupt crypto lender Celsius Network has filed a lawsuit against liquid staking platform StakeHound after the company allegedly failed to return $150 million worth of tokens owned by Celsius. According to a court document filed by Celsius, the company placed 40 million Polygon (MATIC), 66,000 Polkadot (DOT), 25,000 staked native Ether
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According to court filings, Celsius entrusted StakeHound with 25,000 staked native ETH, 35,000 native ETH, 40 million MATIC, and 66,000 DOT in 2021. Celsius exchanged the tokens, which were valued at over $150 million, for StakeHound's liquid staking "stTokens," according to the filings. Source
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The report says that investigators at the CFTC have concluded that the bankrupt lender and its CEO broke the regulators' rules by misleading investors, the report added. If a majority of the CFTC’s commissioners agree, the agency could file a case against them. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bankrupt crypto lender Celsius Network has been granted permission to convert its altcoin holdings into bitcoin (BTC) and ethereum (ETH). The move will allow the company to distribute funds to its creditors in the two most
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