Celsius

Celsius gets go-ahead in legal battle to recover B in Bitcoin from Tether

Celsius gets go-ahead in legal battle to recover $4B in Bitcoin from Tether

Leave a Comment / Celsius, Legal, Stablecoins, Tether, US /

A US Bankruptcy Court has ruled that Celsius Network may proceed with several claims in its lawsuit against stablecoin issuer Tether, according to a June 30 order from Judge Martin Glenn. According to the filing, the court allowed Celsius to pursue allegations that Tether violated US bankruptcy laws by receiving preferential transfers and unjustly liquidating […]

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Celsius vs Tether lawsuit moves ahead in US court over billion Bitcoin sale

Celsius vs Tether lawsuit moves ahead in US court over $4 billion Bitcoin sale

Leave a Comment / Analysis, Bitcoin News, Celsius, Markets, Tether news /

Celsius claims Tether’s 2022 Bitcoin sale broke contract terms. Over 39,500 BTC were liquidated at $20,656 average price. Claims include breach of contract and fraudulent transfer. Celsius Network’s efforts to hold Tether accountable for a $4 billion Bitcoin liquidation just cleared a major hurdle in US court. A bankruptcy judge has

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Alex Mashinsky forfeits rights to Celsius assets amid ongoing bankruptcy process

Alex Mashinsky forfeits rights to Celsius assets amid ongoing bankruptcy process

Leave a Comment / Alex Mashinsky, Bankruptcy, Celsius, crypto, Featured, Legal /

Alex Mashinsky, the former CEO of Celsius, has agreed to surrender all rights to assets tied to the collapsed crypto lender. According to newly filed court documents, Mashinsky and entities associated with him, including AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC, will be excluded from any future distributions under the Celsius bankruptcy plan. The

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Celsius Boss Alex Mashinsky Sentenced to 12 Years in Crypto Fraud Case

Celsius Boss Alex Mashinsky Sentenced to 12 Years in Crypto Fraud Case

Leave a Comment / Alex Mashinsky, Blockchain News, Celsius /

Alex Mashinsky, the founder of failed crypto lender Celsius Network, has been sentenced to 12 years in prison for defrauding hundreds of thousands of customers who were drawn in by the company’s promises of high returns on digital-asset deposits. US District Judge John Koeltl handed down the ruling on Thursday in Manhattan, marking one of

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Celsius Ex-CEO Fights DOJ’s 20-Year Sentence Proposal

Celsius Ex-CEO Fights DOJ’s 20-Year Sentence Proposal

Leave a Comment / Alex Mashinsky, Bitcoin, BTC, BTCUSDT, CEL, Celsius, Celsius Alex Mashinksy, Celsius bankruptcy, Celsius CEO, Celsius collapse, Celsius ex-CEO, Crypto News, Department of Justic, US Court, US DOJ, US prosecutors /

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Celsius’ former CEO’s lawyers have filed a motion seeking a reduced one-year sentence and criticizing the US Department of Justice’s (DOJ) proposed 20-year punishment ahead of its upcoming sentencing hearing. Celsius Ex-Boss Slams “Death-In-Prison” Sentence Proposal On Monday, Celsius co-founder Alex Mashinsky’s

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