Celsius (CEL) news

Chinese garment maker Addentax announces $800M plan for BTC, TRUMP corporate treasury

Share link:In this post: Addentax Group Corp. has announced its plans to acquire $800M worth of crypto. Addentax has been attempting to employ a long-term blockchain strategy to strengthen the company’s balance sheet. No final agreement regarding the BTC acquisition has been reached yet.

New York Financial Regulator Says BitLicense Remains a Global Benchmark for Crypto Regulation

Celsius: Former CEO Alexander Mashinsky Sentenced to 12 Years for Cryptocurrency Fraud

Celsius Founder Mashinsky Gets 12 Years for Crypto Fraud

Celsius Network’s Alex Mashinsky sentenced to 12 years for crypto fraud

Share link:In this post: US District Court Judge Koetl sentenced Alex Mashinsky to 12 years in a correctional facility. The losses from the Celsius bankruptcy are estimated at around $550M, though other reports account for $4.7B in personal losses and up ti $7B in market value wiped out. Mashinsky will start the sentence from September 12, after a delay to attend his daughter’s wedding.

Founder of Crypto Lending Platform Celsius Sentenced to 12 Years in Prison for Fraud

Celsius founder Alex Mashinsky sentenced for 12 years in prison for stealing $48M

Former Celsius CEO Alex Mashinsky receives 12 years in prison over fraud scheme

Ex-SafeMoon CEO denies fraud in trial with $3 million bail

Former Celsius CEO sentenced to 12 years in prison for crypto related fraud: Inner City Press

Quick Take Mashinsky, 59, pleaded guilty to two counts in December, including commodities fraud and another about a fraudulent scheme to manipulate the price of the firm’s native token. Mashinsky’s lawyers had asked for a sentence of no more than 366 days, while prosecutors said the former executive should spend 20 years in jail.

20 Years for Crypto Fraud? Former Celsius Boss Cries Foul

Celsius’ Mashinsky lashes out at ‘death-in-prison sentence’

Trump-Appointed Interim US Attorney Takes Over EDNY as SafeMoon CEO’s Criminal Trial Begins

The U.S. Attorney’s Office for the Eastern District of New York (EDNY) has appointed Joseph Nocella as interim U.S. Attorney, according to a May 5 notice, following the departure of Acting Attorney John Durham. Nocella, selected by President Donald Trump, will serve for 120 days or until a Senate-confirmed successor is in place.

Former Celsius CEO Alex Mashinsky Challenges DOJ’s 20-Year Prison Request

Former Celsius CEO Alex Mashinsky is pushing back hard against the U.S. Department of Justice’s request for a 20-year prison sentence, accusing prosecutors of painting him as a “venom-laced” villain and ignoring his clean business record.

Alex Mashinsky’s Lawyers Slam DOJ’s ‘Death-in-Prison’ Recommendation, Ask for Lenient One-Year Sentence

Mashinsky faces 20-year sentence over $48 million Celsius fraud

Celsius founder Mashinsky says 20-year sentence requested by US is "equivalent to death in prison"

CEL Token Tanks 13% as Mashinsky Expresses Disapproval at Sentencing

Celsius (CEL) plunged over 13%, as legal tensions surrounding ex-CEO Alex Mashinsky led to investor caution.

UK’s FCA Plans to Ban Credit-Fueled Crypto Investments

UK FCA to Ban Retail Crypto Borrowing, Tightens Digital Asset Rules

The SEC Can Learn From the IRS in Making Regulation Simpler for Crypto

FCA aims to curb risky crypto lending and credit purchases to protect UK investors

Prosecutors push for 20-year sentence for ex-Celsius CEO

U.S. Authorities Seek 20-Year Sentence for Celsius CEO Mashinsky

Crypto Lender Nexo Return to U.S. After Regulatory Setback

DOJ seeks 20-year prison sentence for Celsius founder

U.S. SEC Postpones Decision on Franklin Templeton’s Spot XRP ETF

DOJ Recommends 20-Year Prison Sentence for Celsius Founder Mashinsky

DOJ says Mashinsky caused nearly $7 billion in losses through fraud. He allegedly misled customers and profited from CEL token sales. Prosecutors demand a harsh sentence to deter future crypto misconduct.

Alex Mashinsky Facing 20 Years in Prison – DOJ Slams Celsius Founder for ‘Massive Fraud’

Celsius Founder Alex Mashinsky Faces 20-Year Prison Term Sought by DOJ

The US Department of Justice has asked the court to sentence the former CEO of Celsius to 20 years in prison, as his actions were deliberate.