CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Daily Hodl 2025-06-18 18:45:51

Alex Mashinsky Barred From Receiving Any Assets From Celsius Bankruptcy Claims

Celsius founder Alex Mashinsky will not receive any assets from the collapsed crypto lending platform’s bankruptcy claims. Newly filed court documents indicate Mashinsky withdrew his claims in light of his criminal sentencing last month. Celsius filed for bankruptcy in July 2022 after its native token, CEL, plummeted by 99%, and it was unable to fulfill withdrawals. Mashinsky was arrested in 2023 and pleaded guilty to one count of commodities fraud and one count of securities fraud last December. The Department of Justice (DOJ) said the Celsius founder falsely represented the lender as a safe and secure platform and exaggerated its potential for profitability, greatly inflating its user base. Last month, a US district judge sentenced Mashinsky to 12 years in prison. After the sentencing, US Attorney Jay Clayton said the Celsius founder targeted retail investors with false promises, used customer funds to place risky bets and profited tens of millions of dollars while his customers lost billions. “America’s investors deserve better. The case for tokenization and the use of digital assets is strong but it is not a license to deceive. The rules against fraud still apply, and the SDNY (Southern District of New York) will hold those who flout them accountable for their crimes.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Alex Mashinsky Barred From Receiving Any Assets From Celsius Bankruptcy Claims appeared first on The Daily Hodl .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta