Tether and Celsius logos with legal documents and money, representing the crucial $299.5M bankruptcy settlement.
Blockchain News

Tether Reaches Crucial $299.5 Million Celsius Bankruptcy Settlement

The cryptocurrency world often sees dramatic shifts. Recently, a significant development occurred that impacts many stakeholders. **Tether**, a prominent stablecoin issuer, has paid the Celsius bankruptcy estate $299.5 million. This payment resolves a substantial **crypto lawsuit** filed last August. The Blockchain Recovery Investment Consortium (BRIC) announced this settlement, as reported by Business Wire. This action […]

Illustrates the Celsius payout process, showing digital assets being distributed to creditors after the bankruptcy proceedings.
Blockchain News

Celsius Payout: Massive $220.6 Million Distribution Brings Relief to Creditors

The crypto community is abuzz with significant news. Bankrupt crypto lender Celsius Network has announced its third major **Celsius payout** to creditors. This crucial distribution amounts to an impressive $220.6 million. This development, confirmed by Cointelegraph on X, marks another step forward in the complex recovery process for thousands of affected users. Consequently, it offers […]

Severe Sentence: Alex Mashinsky, Former Celsius CEO, Sentenced to 12 Years in Prison
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Severe Sentence: Alex Mashinsky, Former Celsius CEO, Sentenced to 12 Years in Prison

The cryptocurrency world is grappling with significant news following a major legal development. In a landmark crypto fraud case, Alex Mashinsky, the former chief executive officer of the now-bankrupt crypto lending platform Celsius Network, has been handed a substantial prison sentence. Alex Mashinsky Sentenced: The Outcome A United States court has sentenced Alex Mashinsky, the […]

Crucial Celsius CEO Alex Mashinsky Fights 20-Year Prison Sentence
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Crucial Celsius CEO Alex Mashinsky Fights 20-Year Prison Sentence

The legal battle surrounding former Celsius CEO Alex Mashinsky is heating up. In a significant development, attorneys representing Mashinsky have formally challenged the U.S. prosecutors’ recommendation of a hefty 20-year prison sentence. This move underscores the intense stakes involved in the upcoming sentencing hearing for the executive of the now-bankrupt crypto lending platform, Celsius. Why […]