March 28, 2024

Web and Technology News

Celsius Network and its former CEO are probably not having a good day

To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Welcome back to Chain Reaction. Earlier today, the now-bankrupt crypto lending firm Celsius Network and its former CEO and co-founder Alex Mashinsky faced several lawsuits from three separate American entities: The […]

Celsius Network and its former CEO are probably not having a good day by Jacquelyn Melinek originally published on TechCrunch

Crypto lending firm Celsius Network and its former CEO sued by SEC, CFTC, FTC

The now-bankrupt crypto lending firm Celsius Network and its former CEO and co-founder Alex Mashinsky faced several lawsuits on Thursday morning from three separate American entities: The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC). Bloomberg also reported that Alex Mashinsky, co-founder and ex-CEO of […]

Crypto lending firm Celsius Network and its former CEO sued by SEC, CFTC, FTC by Jacquelyn Melinek originally published on TechCrunch

Arrington Capital-backed group to acquire Celsius assets

Following a bankruptcy process, the assets of the failed crypto lender Celsius Network are about to be acquired by a consortium called Fahrenheit. Behind this name, you will find a group of bidders led by investment firm Arrington Capital. The other members of the consortium are crypto mining firm US Bitcoin Corp., Proof Group, Steven […]

Arrington Capital-backed group to acquire Celsius assets by Romain Dillet originally published on TechCrunch

Lost your crypto amid Chapter 11 bankruptcy filings? You’re probably not getting it back

Legal experts say unsecured creditors shouldn’t expect much following a number of Chapter 11 bankruptcy cases in the crypto space.

Lost your crypto amid Chapter 11 bankruptcy filings? You’re probably not getting it back by Jacquelyn Melinek originally published on TechCrunch

New York Attorney General sues former Celsius CEO for defrauding crypto investors

New York Attorney General Letitia James filed a lawsuit against Alex Mashinsky, co-founder and former CEO of Celsius Network, according to an announcement on Thursday. James alleged that Mashinsky defrauded “hundreds of thousands of investors…out of billions of dollars worth of cryptocurrency.” The lawsuit also claims that Mashinsky “repeatedly made false and misleading statements about […]

New York Attorney General sues former Celsius CEO for defrauding crypto investors by Jacquelyn Melinek originally published on TechCrunch

Bankruptcy judge rules Celsius Network owns users’ interest-bearing crypto accounts

A federal bankruptcy judge ruled cryptocurrencies deposited into interest-bearing accounts at Celsius Network, a now-bankrupt cryptocurrency lending platform, actually belong to the firm – thanks to the fine print. The verdict gives Celsius ownership of the $4.2 billion in cryptocurrency that users deposited into its high-interest Earn program, according to a 45-page filing from the […]

Bankruptcy judge rules Celsius Network owns users’ interest-bearing crypto accounts by Jacquelyn Melinek originally published on TechCrunch