Judge Denies Alex Mashinsky Any Celsius Bankruptcy Payout – Creditors Win
2025-06-23 14:36:57
Description
Chief United States Bankruptcy Judge Martin Glenn has officially denied former Celsius CEO Alex Mashinsky any claim to bankruptcy proceeds from the defunct crypto lender. The court order , entered on June 16, 2025, formally disallows all claims submitted by Mashinsky and his associated entities, including AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC. This frees up reserved cash, liquid cryptocurrency, and MiningCo shares for distribution to legitimate creditors under the Chapter 11 reor...
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