Celsius customers given until January 3 to file claims
Customers who fail to file their claims by January 3 may not be eligible for any distribution from the case even as new reports point blame on Celsius custody.
Latest Alex Mashinsky News
Celsius bankruptcy filing leaks tens of thousands of user details
Twitter account Crypto Vinco reported that the latest paperwork filed by Celsius in its bankruptcy proceedings revealed the names, dates, transactions, and amounts of every user on its platform.
Celsius co-founder Daniel Leon resigns amid revelations of $56M cash-out
Leon was the chief strategy officer and resigned a week after CEO Alex Mashinsky after it was revealed they cashed out millions before freezing withdrawals in May.
Celsius CEO Alex Mashinsky withdrew $10 million prior to account freeze
Another controversy hits Celsius Network following a media outlet's exposé claiming that chief Alex Mashinsky had withdrawn $10 million from the platform before filing for bankruptcy protection.
Alex Mashinsky resigns from Celsius Network
Months of speculation ended as Celsius CEO Alex Mashinsky steps down from his post amidst an ongoing probe, which comes at the heels of the arrest of controversial Terra founder Do Kwon.
FTX.US loses president, wins auction for Voyager’s digital assets
Facing numerous crossroads, FTX.US President Brett Harrison decides to make a company exit, surprising staffers but not FTX chief SBF who said that his move had been "in the works for a while."
US court approves appointment of examiner to uncover Celsius dealings
Intense scrutiny awaits Celsius with the U.S. court's approval to hire an examiner to look into its dealings, which comes amid optimism that the company could recover from the brink of bankruptcy.
Celsius was a Ponzi scheme, Vermont watchdog says
The Vermont securities regulator has filed a motion in support of appointing an independent examiner in which it tore into Alex Mashinsky’s model at Celsius.
Celsius creditors support appointment of trustee in bankruptcy case
Attorneys for the bankrupt lender also revealed that they were in support of the trustee’s request to appoint of an independent examiner to probe the firm.
Celsius wants to return $50M of customer funds, but there’s a catch
Celsius wants to only return funds to customers who hold assets in Custody and Withhold accounts, leaving out anyone who participated in the lending program.
Celsius countersues ex-manager who called lender a ‘Ponzi scheme’
KeyFi founder Jason Stone, who managed billions for Celsius, sued the lender over reckless risking of customer funds, but Celsius is countersuing him for theft.
California watchdog issues cease and desist order against Celsius Network
Celsius has been violating securities regulations by offering its Earn Rewards accounts in the state while also making materially false statements, according to the Department of Financial Protection and Innovation.