Tag Archives: Celsius Network

Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

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The Blockchain Recovery Investment Consortium (BRIC), a partnership between GXD Labs and VanEck, announced on Tuesday a significant development in Celsius’ bankruptcy case. Tether (USDT) has agreed to pay a major amount to the crypto lender’s bankruptcy estate following an adversary proceeding that was initiated last year. Tether Settles Billion Dollar Lawsuit This settlement marks… Continue reading Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal→

Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

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Alexander Mashinsky, the former CEO of crypto lending firm Celsius, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud.  Celsius Mashinsky Faces Justice The proceedings took place before US District Judge John G. Koeltl in Manhattan’s Southern District, where Mashinsky faced the repercussions of what prosecutors characterized… Continue reading Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence→

Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each

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Once a prominent player in the cryptocurrency lending space, Celsius Network has commenced its second round of distributions to creditors, amounting to $127 million. This follows the company’s prior efforts to distribute approximately $3 billion in crypto and fiat currency, initiated after a successful vote on its reorganization plan earlier this year. The latest distribution… Continue reading Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each→