Oct 15 2023
Alex Mashinsky – former boss of defunct crypto lending firm Celsius – is scheduled to begin his criminal fraud trial on September 17, 2024. Mashinsky is accused of defrauding his former company Celsius out of millions of dollars. The trial is expected to last for up to two years, with the jury expected to reach …
Oct 04 2023
Celsius is in court seeking final approval to initiate customer repayments by year-end and gain complete approval for its reorganization plan. During a court hearing on Oct. 2, Christopher Koenig, the company’s legal counsel, stated that a new entity called NewCO will emerge with approximately $450 million in seed funding once the reorganization is approved. …