News with the tag "Celsius (CEL)"

Mashinsky will be sentenced on May 8 in New York. He pleaded guilty to commodities fraud and price manipulation. Celsius collapsed in 2022 after holding $13 billion in user deposits. Former Celsius Network CEO Alex Mashinsky is scheduled for sentencing on May 8, in New York, where he could face up t...

Celsius founder Alex Mashinsky pleads guilty to two counts of fraud and market manipulation. In a December 3 hearing, Mashinsky agreed to a maximum sentencing guideline of 30 years in prison. Mashinsky was indicted for misleading customers into investing and inflating the price of the CEL token. Ale...

Celsius Network has disbursed a second round of payments, totaling $127 million, to eligible creditors. This distribution, which follows the crypto lender’s collapse in July 2022, raises the overall creditor recovery rate to 60.4%. Celsius announced the payout details via an official post on X, spec...

CEL, the native token of Celsius Network, has seen its price climb more than 62% to $0.5491 on September 23, 2024. Market capitalization also grew by more than 60%, reaching $20.71 million according to market data. In the last 24 hours, the trading volume of CEL was more than $24 million, an increas...

Celsius founder and former CEO Alex Mashinsky is seeking testimonies from six former employees in his legal fight against fraud charges. These charges carry a potential 115-year prison sentence for allegedly defrauding customers and misleading them about Celsius Network’s financial health. Defense S...

The spate of crypto bankruptcies of major platforms like Celsius, FTX, and BlockFi have brought doubts in the crypto community on the legal uncertainties and financial turmoil coexisting within this highly volatile space. The sudden changes in legal rights and responsibilities during these crypto ba...

Collapsed crypto lending platform Celsius Network is taking legal action against thousands of its former users who withdrew funds before the bankruptcy, sparking outrage in the crypto community as its native CEL token sees unexpected gains. One of the defendants took to social media platform X to re...

Two corporate creditors of bankrupt crypto lender Celsius are seeking additional compensation, claiming unfair treatment compared to individual account holders in the firm’s repayment plan. Filed on June 3, with a hearing scheduled for June 27, the motion addresses grievances from a group of corpora...

A recent Bloomberg report shared insights on crypto lender Celsius Network’s endeavor to retrieve funds from its major customers who withdrew their assets before the platform’s collapse in 2022. According to the report, the committee’s initiative is part of the company’s larger restructuring plan th...

According to a Bloomberg report, the disgraced FTX founder Sam Bankman-Fried (SBF) makes a rare appearance in a New York courtroom on Wednesday. The hearing comes amid concerns over potential conflicts of interest surrounding his legal representation. The report noted that Bankman-Fried would field ...