celsius

Celsius’ Alex Mashinsky Faces Lifetime Crypto Ban as $35M Recovery Is Secured

New York Attorney General Letitia James secured up to $35 million from former Celsius CEO Alex Mashinsky, who also faces a lifetime ban from the securities, commodities and cryptocurrency industries. The case highlights growing regulatory scrutiny of crypto lending and investor protection.
#CryptoNews #Celsius #BitcoinDunyamiz #CryptoRegulation #blockchain

【Market Update】Celsius’ former CEO Alex Mashinsky faces another major penalty: New York’s attorney general has reached a settlement with him, requiring up to $35 million in compensation and permanently barring him from the securities and crypto industries.

Mashinsky has been sentenced to 12 years in prison for fraud. Under the terms, if he fails to forfeit the full $10 million, he will owe an additional $25 million in compensation; if he does not serve his full sentence, he will owe an additional $10 million. The civil proceedings over Celsius’ collapse have now concluded, but the executives involved cannot avoid civil liability even while behind bars.

(Source: Decrypt)#Celsius #CryptoRegulation

⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.

Came across this on CoinDesk: On Friday, New York’s attorney general reached a civil settlement with former Celsius CEO Alex Mashinsky—worth up to about $35 million—and permanently barred him from the securities, commodities, and crypto businesses.

He is already serving a 12-year federal sentence after pleading guilty to securities and commodities fraud. The state settlement terms are straightforward: if he fails to pay about $10 million in ill-gotten gains as required by the federal government, he must pay New York $25 million; if he doesn’t serve his full sentence, he must pay an additional $10 million. The attorney general sued him in 2023, alleging that he misled numerous users, including more than 26,000 New Yorkers, by claiming Celsius was safer than a bank.

As of this August, Celsius’s bankruptcy estate had returned more than about $3.4 billion to customers and creditors combined. The CFTC also permanently barred him from commodities-related business in June this year—now the state has shut the door on his professional eligibility, too.

#Celsius #Regulation

Mashinsky is finally paying up: The New York Attorney General has secured up to $35 million in conditional restitution from the former Celsius CEO, along with a permanent ban from the financial and crypto industries.

$35 million sounds like a lot, but for the guy who once said, “Banks are done—give me your money,” it’s barely an apology note. Celsius users still haven’t seen much of their billions in principal, but the penalties were collected promptly. The house was forfeited, the money went to the state treasury, and retail investors are still left with a complete mess 🤡

$CEL #Celsius

Celsius Network froze withdrawals for over a million users on June 12, 2022, without warning.

Celsius had spent years marketing itself as safer than a bank, offering yields regular banks couldn't match, while quietly taking on risk most depositors never saw. On July 13, 2022, it filed for Chapter 11 bankruptcy.

People who thought they were simply earning interest found out they had handed their coins to a lender making its own bets with them. Billions in customer deposits got stuck in proceedings that dragged on for years.

Yield itself wasn't the problem. A return you can't explain in one sentence is usually the real risk, and almost nobody stopped to ask Celsius to explain theirs.

Bitcoin sits at $84,558 today. Plenty of platforms still promise yields nobody fully explains.

Did you have funds on Celsius when it froze?

Personal view, not advice. Do your own research.

#Crypto #Celsius

⚖️ Insolvent Celsius estate sues entities linked to BitMEX

The Celsius estate has filed a lawsuit against entities associated with BitMEX, demanding the recovery of approximately 6,360.1666 bitcoin (BTC).

The claim is part of the Celsius asset recovery proceedings following its bankruptcy.

📌 Cipher Vault: The case could bring renewed attention to Celsius’ prior asset movements, especially given the large amount of Bitcoin involved in the claim.

⚠️ Not financial advice or a recommendation to buy or sell.

#Celsius #BitMEX #Bitcoin #BTC

CELSIUS BANKRUPTCY ESTATE IS GOING AFTER 495 MILLION DOLLARS OVER 2020 LIQUIDATIONS The Celsius estate is seeking to recover 6,360 $BTC stemming from the March 2020 Covid crash. The lawsuit targets liquidations on a major derivatives platform, exposing how far off the lender was from its promised delta-neutral strategy back then. 💥 ESTATE DEMANDS RETURN OF 6,360 $BTC LOST IN MARCH 2020 💥 RISK MANAGEMENT FAILS CONTRADICTED DELTA NEUTRAL MARKETING CLAIMS 💥 BANKRUPTCY RECOVERIES CONTINUE TO SURPRISE THE CRYPTO INDUSTRY YEARS LATER Honestly, seeing these massive 2020 position details come to light years later is completely mind-blowing. #Celsius #Bitcoin #CryptoNews #Write2Earn

CELSIUS JUST THREW A $495M LEGAL NUKE AT BITMEX

Celsius has filed a civil lawsuit in the U.S. District Court for the Southern District of New York, alleging that BitMEX and related entities manipulated the market and committed fraud during the March 2020 crypto crash.

Celsius alleges it was liquidated 1,325.84 BTC on March 12, 2020.
JST Fund lost an additional 5,034.33 BTC on March 13.
Total: 6,360 BTC.
Compensation sought: approximately $495M.
The case focuses on activities related to forced liquidation during the March 2020 crash.

6,360 BTC that had been swept into a liquidation event from six years ago is now back again as a near half-a-billion-dollar lawsuit.

Crypto really said: “The liquidation never ends.”
$495M BILLION-DOLLAR LEGAL REKT.

Do you think this will only be a prolonged legal battle, or can more things be dug up from the 2020 crash?

#BrainrotCrypto #Celsius #BitMEX #bitcoin
$BTC

Just got this: Celsius bankruptcy liquidation entity is suing BitMEX to recover about 6,360 BTC (based on current price, roughly $495 million).

The complaint alleges that during the liquidation cascade in March 2020, while BitMEX managed the liquidation system, it also profited from the insurance fund; Celsius itself lost about 1,326 BTC that time, and it also has claims totaling about 5,034 BTC that were transferred from JST. The case was filed on 9/12 with the U.S. Bankruptcy Court for the Southern District of New York, and the allegations have not yet been verified. BitMEX announced liquidation in July, and trading will cease on 9/23—one more cut before shutdown.

Let’s log this for now, $BTC #BitMEX #Celsius

Celsius liquidation administrators are chasing BitMEX, saying it maliciously closed positions back then and swallowed up more than 6,000 BTC—not a normal liquidation, but intentionally harvesting its own customers to boost revenue. Now BitMEX is basically on the verge of closing its doors, so this lawsuit is essentially between the bankruptcy administrators of a bankrupt exchange, each trying to see who can drain the other first. It’s fine to watch the drama, but don’t rush to pick sides—there are countless dirty liquidation-history episodes in the crypto world.

$BTC #Celsius #BitMEX

Celsius bankruptcy liquidation team has sued BitMEX, accusing it of improper liquidation—saying it swallowed over $60 million in assets from that time. Even after people are in their coffins, they still have to be pursued for debts; the old accounts in the exchange industry really can’t be dug up forever. Whether this case can successfully recover anything is uncertain, but the signal is very clear: in a bear market, platforms that go under won’t have their liquidators let off one by one.

$BTC $ETH #BitMEX #Celsius

📰 Celsius filed a lawsuit on September 12, in the U.S. Bankruptcy Court for the Southern District of New York, against multiple BitMEX operating entities, seeking approximately $495 million in damages. Celsius claims it lost 6,360 BTC during the Bitcoin crash in March 2020.

🔥 The timing is rather intriguing: BitMEX is set to close its exchange on September 23, yet the lawsuit was filed 11 days earlier. The case was brought by the Blockchain Recovery Investment Consortium on behalf of Celsius-related entities, with defendants including HDR Global Trading, 100x Holdings, and others.

⚠️ Celsius’s allegations are straightforward, claiming that BitMEX engaged in fraud, market manipulation, and improper liquidations, and that it deliberately designed the platform and liquidation procedures to cause customers’ collateral to be liquidated. However, these are currently only the plaintiff’s claims—the ultimate outcome will depend on how the court evaluates them.

💡 The dispute has been pulled back to March 12, 2020. At the time, Bitcoin fell from about $7,200 to $5,678 within roughly 15 minutes. During BitMEX’s initial crash period, about $702 million worth of positions were liquidated—almost entirely long positions. To be honest, years later is a long time to reach this point; proving the facts and assigning responsibility won’t be easy.

🤔 Do you think the hardest part of proving the $495 million claim is establishing that BitMEX intentionally manipulated the market, or demonstrating the causal link between the loss of 6,360 BTC and the liquidation mechanism?

#Celsius #BitMEX #加密诉讼 #bankruptcy-liquidation

Hello everyone who has come to my deep-dive perspective!

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🔥 **SHOCKING HEAVY! MORE THAN $6 MILLION RECOVERED FROM THE FOUNDERS OF CELSIUS: WHERE DID THE MONEY GO?** 🔥

The Crypto community is once again shaken by the latest information surrounding the headline-grabbing collapse of Celsius. The U.S. Federal government continues to tighten the legal net, forcing former executives to be held accountable.

Here are the key points you need to know:
* Two Celsius co-founders, Shlomi Leon and Hanoch Goldstein, have just reached an agreement with the Federal Trade Commission (FTC) to pay a total penalty of more than $6 million.
* This fine payment is not the first time the FTC has “taken action.” Previously, back in April, former CEO Alex Mashinsky also had to accept a penalty of up to $10 million.
* Thus, collectively, Celsius’s senior leaders have had to “open their wallets” with more than $16 million for the FTC, demonstrating the authorities’ determination in dealing with violations in the crypto industry.

**My personal take:**
This isn’t just news about an old case—it’s a strong signal from regulatory bodies. It shows an ongoing commitment to追究 (pursue) responsibility for those involved in major crypto collapses. For the market, this could create a more cautious mindset toward lending projects focused on this model, while also being a step forward toward greater transparency and better investor protection in the long run. Despite the pain, cases like Celsius are costly lessons that help the market become more resilient.

**What do you think about this move by the FTC?** Are these penalties enough to restore trust for investors who were affected by Celsius? Leave a comment below and share your viewpoint!

Don’t forget to **Follow** my channel so you won’t miss the hottest crypto news and the most in-depth analyses from the perspective of a deep-dive KOL!

#CryptoNews #TrendingNews #Celsius #FTC #Regulation

U.S. prosecutors ask court to reject Celsius ex-CEO’s motion to vacate conviction, saying his legal arguments “lack merit”

On August 19, two federal prosecutors in the Southern District of New York opposed Celsius’s former chief executive officer’s attempt to convince the prosecution to revoke his conviction. They said his legal arguments were “baseless” and asked the court to dismiss Alex Mashinsky’s motion to vacate without holding a hearing.

Mashinsky was sentenced to 12 years in prison in May 2025 for commodities fraud and securities fraud. In early May, he told the court he would represent himself and then filed the motion to vacate.

In this motion, he includes allegations against the crypto exchange FTX, as well as his former colleague, Roni Cohen-Pavon, the former Chief Revenue Officer of Celsius. He is seeking a chance to have the case re-examined procedurally.

In response to the application, the prosecutors filed court documents to counter it, arguing that his legal claims are unsupported by factual assertions of his own innocence and should be dismissed directly without a hearing.

The filing states that Mashinsky neither submitted sworn testimony nor provided new evidence. The substance of his motion, it says, is merely a repetition of old materials, shifting responsibility to a third party, and accusing his former lawyer of incompetence—but it contains no factual statements about his own innocence.

The case dates back to 2022. That year, the cryptocurrency market was in severe turmoil, and Celsius filed for bankruptcy, becoming another crypto giant to collapse after Terraform Labs.

As early as 2023, authorities brought a lawsuit against Mashinsky and former Chief Revenue Officer Roni Cohen-Pavon. Both ultimately chose to plead guilty.

Among them, Mashinsky was sentenced in May 2025 to 144 months in prison for committing commodities and securities fraud, and was fined $48 million. He also reached a $10 million settlement with the CFTC.

Notably, the defendant Cohen-Pavon in the same case, for providing “substantial assistance” leads to the prosecutors against Mashinsky, had his prison term expire in May and was released immediately in court.

The judge currently handling the case has not yet responded to the prosecutors’ request for dismissal. Whether Mashinsky’s legal fight will ultimately achieve a breakthrough remains to be seen.

#Celsius #AlexMashinsky

💸 Celsius founders pay $6 million to settle misrepresentation allegations!

Celsius co-founders Shlomo (Shlomi) Leon and Hanoch Goldstein have agreed to pay more than $6 million to settle allegations by the U.S. Federal Trade Commission (FTC) regarding misleading customers before the collapse of the crypto lending platform. This settlement is part of broader efforts to hold executives accountable for investor losses.

━━━━━━━━━━━━━━
📊 Impact: 📈 High
🏷️ REGULATION

#Celsius #FTC #CryptoRegulation #ConsumerProtection #Lawsuit

🔗 Source: https://cointelegraph.com/news/celsius-co-founders-leon-goldstein-to-pay-ftc-over-6m

Celsius Community: Founders Leon and Goldstein to Pay the FTC More Than $6 Million

- Celsius co-founders Alex Leon and Jason Goldstein have agreed to pay the FTC more than $6 million to resolve allegations of fraudulent conduct and violations of consumer protection laws.
- This settlement adds to an earlier agreement by CEO Alex Mashinsky, quien paid $10 million to the FTC in April.
- The payments are part of risk management efforts and efforts to recover assets following the collapse of the crypto lending platform Celsius.
- This underscores increased oversight by U.S. regulators of the digital asset industry and lending platforms.
- Investors are advised to monitor the progress of asset recovery and related legal developments.
#BinanceSquare #CryptoNews #Celsius #FTC #DeFi

$btc $eth

vlikevn Titanbot

Source: CoinTelegraph

🔄 From Bankruptcy to Nasdaq: Celsius's Mining Arm Rises
On June 30, 2026, Ionic Digital, a Bitcoin miner emerging from the Celsius bankruptcy, filed for a Nasdaq direct listing. The company's journey from bankruptcy to public listing represents one of crypto's most remarkable corporate recoveries.
The pivot to AI computing adds a modern twist. Ionic Digital is leveraging its energy infrastructure for dual-purpose use: Bitcoin mining and AI workloads. This hybrid model could become the template for the next generation of mining companies.

📌 Key Takeaway:
Ionic Digital's Nasdaq filing, born from Celsius's ashes, demonstrates crypto's remarkable capacity for creative destruction and reinvention.

#Celsius #IonicDigital #BitcoinMining
#BinanceAlphaAlert

Alex Mashinsky just got banned from trading permanently by the CFTC – this outcome speaks volumes beyond just a simple settlement. This is the first time a U.S. regulator has wrapped up a case against a crypto lending platform, and the message is crystal clear: lack of transparency leads to long-term consequences.

For traders, it's important to look at the bigger picture. This incident doesn't directly impact the price of any coin, but it highlights the legal risks that are still lurking, even when the market seems to be recovering. Mashinsky is also facing the SEC and criminal charges — this saga isn't over yet.

Personally, I see this as a reminder about macro risk management. Don’t just stare at the candlesticks, keep an eye on regulations. A crackdown from regulators can create significant psychological volatility. Do your own research, maintain discipline, and don’t bet on luck.

#Pháplý #Sàngiaodịch #Celsius #CFTC #Crypto

📰 Celsius Co-Founders to Pay FTC Over $6 Million: Regulatory action concludes against former executives
On July 21, 2026, the former co-founders of Celsius Network agreed to pay over $6 million to settle Federal Trade Commission charges. The settlement marks the conclusion of a lengthy regulatory investigation into the failed lending platform.
The FTC alleged that Celsius made false claims about user fund safety and investment returns. The case serves as an important warning to crypto lending platforms about the consequences of misleading marketing.
The settlement does not affect ongoing bankruptcy proceedings for Celsius Network itself. Creditors continue to await distributions from the estate as the legal process moves forward.

📌 Key Takeaway:
The Celsius FTC settlement underscores the critical importance of transparency in crypto lending — regulatory enforcement is creating a safer environment for retail market participants.

#Celsius #FTC #Regulation #CryptoNews
#BinanceAlphaAlert

📰 Celsius Co-Founders: To Pay FTC Over 6 Million
On July 21, 2026, the co-founders of Celsius Network have agreed to pay over $6 million to the Federal Trade Commission to settle charges. The resolution marks another chapter in the aftermath of the platform's collapse.
The settlement includes penalties related to misleading customers about the safety of their assets. This case serves as a reminder of the importance of transparency in the crypto lending space.
Regulatory enforcement continues to play a crucial role in building trust within the digital asset industry.

📌 Key Takeaway:
The Celsius settlement underscores the importance of regulatory oversight in protecting crypto investors.

#Celsius #FTC #CryptoRegulation #CryptoNews
#BinanceAlphaAlert