Hut 8 to build 215MW mining site in Texas as part of Celsius reorg plan
The new site in Cedarvale, Texas, will host 66,000 mining rigs, with construction set to start in a few weeks; Hut 8 will provide end-to-end developmental services.
Latest Alex Mashinsky News
US securities, commodities regulators took the fight to ‘crypto’ crooks in 2023
U.S. regulators made their stance about 'crypto' clear, with the SEC taking 784 enforcement actions against 'crypto' firms and individuals in 2023, while the CFTC filed 96 digital asset cases.
Celsius bankruptcy plan approved in New York
The New York Bankruptcy Court has cleared Celsius' restructuring plan, unlocking around $2 billion worth of digital assets to be distributed to creditors.
Alex Mashinsky trial set for September 2024 as Celsius proposes customer refunds by year-end
Lawyers of Alex Mashinsky hinted they would argue digital assets are not securities amid a proposed plan to revive Celsius as NewCo after securing $450 million in funding.
Former Celsius exec strikes deal, agrees to testify against CEO Alex Mashinsky
Roni Cohen-Pavon has entered a plea of guilty to charges of securities fraud, wire fraud, manipulation of security prices and conspiracy to commit price manipulation of the CEL token.
Celsius ex-CEO Alex Mashinsky’s home, assets frozen amid ongoing legal battles
A U.S. District Court has ordered Celsius CEO Alex Mashinsky's assets to be "restrained" as he deals with multiple criminal charges and lawsuits over the company's collapse.
Celsius Network victims could see funds before end of 2023: WSJ
Approval for the settlements will see court on August 10, paving the way for 30K claims worth $78 billion to be settled; another court date set for October will confirm Celsius' reorganization plans.
Digital asset regulation is incomplete, CFTC commissioner says
Commissioner Kristin Johnson praises the CFTC's efforts to regulate the digital asset sector but stopped short by saying that current enforcement actions are still incomplete.
Former Celsius CEO Alex Mashinsky arrested and charged with fraud
Former Celsius CEO Alex Mashinsky and former CRO Roni Cohen-Pavon face charges of conspiracy, securities fraud, market manipulation, and wire fraud for manipulating the price of CEL.
CFTC concludes that Celsius and former CEO broke US rules
A report appeared on July 5 claiming investigators at the CFTC have concluded that bankrupt digital asset lender Celsius Network and its former CEO Alex Mashinsky broke U.S. rules before the firm collapsed.
US gov’t, creditors oppose Celsius’ proposed restructuring extension
The U.S. Trustee, unsecured creditors, and an ad hoc group of borrowers all filed objections against the extension, saying Celsius will run out of money by June.
Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible
Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page report into the history of the Celsius fraud.