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An Arrest, a Ruling, a Rally: Crypto’s Wild Day in the Courts
An Arrest, a Ruling, a Rally: Crypto’s Wild Day in the Courts

(Bloomberg) -- It was a day that started with something of a bang: the charismatic Alex Mashinsky, former chief executive officer of bankrupt crypto lender Celsius Network under arrest and charged with fraud. Most Read from BloombergEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsHow Much Income You Need to Crack America's Richest 1%Fund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Seriou
Ex-Celsius CEO Mashinsky Charged in Latest DOJ Crypto Case
Ex-Celsius CEO Mashinsky Charged in Latest DOJ Crypto Case

(Bloomberg) -- The former chief executive officer of bankrupt crypto lender Celsius Network Ltd. was charged with fraud and sued by three regulatory agencies over the company’s collapse.Most Read from BloombergFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolInflation at 3% Flags End of Emergency, Turni
Regulators Sue Bankrupt Crypto Lender Celsius, CEO Alex Mashinsky
Regulators Sue Bankrupt Crypto Lender Celsius, CEO Alex Mashinsky

Three federal regulators sued collapsed crypto lender Celsius Network and its founder Alex Mashinsky on Thursday, alleging the company defrauded investors. Mashinsky was arrested early Thursday morning in New York. The lawsuits, filed in Manhattan federal court, came from the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Crypto investors step up risk management after last year's meltdowns
Crypto investors step up risk management after last year's meltdowns

Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 billion, according to Xclaim, which allows creditors to trade such claims. To protect themselves, institutional crypto investors are switching to exch
Crypto lender Celsius picks Fahrenheit's bid for bankruptcy exit
Crypto lender Celsius picks Fahrenheit's bid for bankruptcy exit

Fahrenheit, a consortium that includes blockchain-based venture capital firm Arrington Capital, will provide the capital, management team and technology to establish and operate the new company (NewCo), Celsius said. "Under the Plan, Celsius' account holders will own 100% of the new equity in NewCo," it said, adding that NewCo will be overseen by a new board of directors, a majority of which will be appointed by creditors. New Jersey-based Celsius also confirmed that it has secured a backup bi
Celsius Creditors Seek to Unmask ‘Suspicious’ FTX Crypto Trades
Celsius Creditors Seek to Unmask ‘Suspicious’ FTX Crypto Trades

(Bloomberg) -- Celsius Network LLC creditors want a bankruptcy judge to help them unmask FTX users they allege were involved in suspicious cryptocurrency trades that may have manipulated the price of Celsius’ native token last year.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleUK Blocks Microsoft’s $69 Billion Activision Deal Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsFirst Republic Bank to Weigh Up to $100 Billion in Asset SalesNetflix Spai
Failed Crypto-Lender Celsius Auction Attracts Arrington, Gemini
Failed Crypto-Lender Celsius Auction Attracts Arrington, Gemini

(Bloomberg) -- Failed crypto lender Celsius Network Ltd. has attracted two new bidders in a three-way auction set for Tuesday, according to a Saturday filing by Kirkland & Ellis, which is overseeing the bankruptcy. Most Read from BloombergBud Light Takes the Cowardly Way OutAnger in Europe After Chinese Diplomat Says Ex-Soviet States Not SovereignBillionaire Brin Sold Tesla Near Its Peak for New Giving VehicleBed Bath & Beyond Files for Bankruptcy With Plan to Shut StoresBitcoin ‘Halving’ Due Ne
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