Jason Tucker-Feltham is an experienced digital currency sales, business development, and capital introduction professional, and before joining Zumo, he worked with Celsius.
While Celsius emerges from bankruptcy, FTX seems close to solving the $400 million hack in its platform after the arrest of three suspects allegedly tied to the case.
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.
The New York Bankruptcy Court has cleared Celsius' restructuring plan, unlocking around $2 billion worth of digital assets to be distributed to creditors.
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.
The U.S. Bankruptcy Court for the Southern District of New York was informed that Celsius's rank-and-file creditors had voted in favor of a plan, but the vote still needs the approval of the Court.
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.
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.
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.
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.
Celsius bankruptcy and an ongoing legal dispute between Paxful's co-founders likely also played a part in the P2P marketplace shutdown.