Advertisement

$4.2bn belongs to Celsius, not customers

Today we’re talking about a bankruptcy Judge’s Ruling on Celsius, whose founder and ex-CEO Alex Mashinsky was sued for fraud by New York’s Attorney General just today. The Judge delivered a bittersweet ruling about customer assets, as users who may finally be able to get some of their money back may also have to pay…
By: Jack Dunham •

Today we’re talking about a bankruptcy Judge’s Ruling on Celsius, whose founder and ex-CEO Alex Mashinsky was sued for fraud by New York’s Attorney General just today.

The Judge delivered a bittersweet ruling about customer assets, as users who may finally be able to get some of their money back may also have to pay bonuses to the people who put Celsius into the mess it’s in today… Let’s dive in.

Advertisement

Free newsletters

Good reporting. Delivered.

Choose your coverage: crypto and DeFi, the future of finance, or both.

Free. Unsubscribe anytime.

Choose your newsletters

No PRO membership needed. Privacy policy