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The Latest Breaking News from Celsius Network

Celsius Network Founder Pleads Guilty To Federal Fraud Charges

Founder of Celsius Network pleads guilty to fraud charges for manipulating token prices and deceiving customers, facing up to 30 years in prison.

Top News

Celsius Network Founder Alex Mashinsky Pleads Guity To Two Counts Of Fraud, Including Manipulating In-House Crypto's Price

Alex Mashinsky, the disgraced founder and ex-CEO of cryptocurrency lender Celsius Network, admitted guilt to two counts of fraud on Tuesday. What Happened: Despite his initial plea of not guilty, Mashinsky confessed to two of the seven charges during a hearing before a U.S. District Judge, according to a Reuters report.

Benzinga

Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network has pleaded guilty to federal fraud charges, admitting that he misled customers about the business

The Independent UK

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Founder of failed crypto lending platform Celsius Network arrested on fraud charges

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network has been arrested on federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business

The Independent UK

Celsius report details red flags investors missed

Customers have been trying to claw back $4.7 billion in deposits.

Fortune

Crypto Price Check: Bullishness Is Back but Scandal Impact Lingers

While crypto prices have shown some life recently, investors are still contending with a series of scandals and bankruptcies.

The Street

Crypto: Founder of Bankrupt Celsius Calls on Elon Musk For Help

Celsius Network filed for bankruptcy in July, causing losses to many investors and customers.

The Street

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Crypto Billionaires and CEOs Can't Be Trusted

The cryptocurrency industry is heading for a crisis of confidence, caused by the statements of one of its most influential players.

The Street

Cryptocurrency News And Price Weekly Wrap-Up For Nov. 4, 2022

Cryptocurrency News Weekly Wrap-Up: Coinbase earnings; Binance's potential Twitter role; Elon pumps Dogecoin; Visa kicks it with Crypto.com

Investors Business Daily

Legal Troubles Escalate For Celsius As Court Broadens Scope Of Investigation

A New York bankruptcy judge expanded the scope of the investigation in the Celsius Network (CRYPTO: CEL) bankruptcy case, as the company’s clients demanded an inquiry into the activities of

Benzinga

Bitcoin miner's stock slides on bankruptcy fears

Core Scientific listed on the Nasdaq on Jan. 20.

Axios

Cryptocurrency News And Price Weekly Wrap-Up For Oct. 21, 2022

Crypto News Weekly Wrap-Up: Jack Dorsey's decentralized social protocol; Tesla Bitcoin holdings; young investors turning to crypto; and more

Investors Business Daily

SpaceX Starlink's New In-Flight Connectivity Service, Amazon's NY Workers Reject Union, Celsius Network Faces Several Federal Investigations: Top Stories Wednesday, Oct. 19

Reuters US Lawmakers Plan Hearing On Kroger, Albertsons' $25B Merger

Benzinga

Cryptocurrency News and Price Weekly Wrap-Up For Oct. 7, 2022

Crypto News Weekly Wrap-Up: Top cryptocurrencies for Q4; Blockchain market predictions; Kim Kardashian's SEC settlement; Is bitcoin bottoming?

Investors Business Daily

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The Street

Crypto: Hemorrhage of CEOs Continues

At least five CEOs or senior level executives have stepped down from cryptocurrency companies recently.

Investors Business Daily

Crypto Lender Celsius Network Ran A Ponzi Scheme For Years? That's What Bankruptcy Filings Imply

Celsius was insolvent as early as 2019, bankruptcy filings show. Vermont regulators say this suggests yields to existing investors were likely paid with new investors' assets.

Benzinga

Celsius Network Is A Ponzi Scheme, Suggests Vermont Regulator; Slams CEO For 'False' Statements

The Vermont Department of Financial Regulation has outlined a variety of state concerns about unregistered securities offerings and fraud committed by the cryptocurrency firm Celsius Network, suggesting that the compan

Benzinga

Did You Invest In Celsius? 5 Reasons You May Have Lost Your Money

Beleaguered cryptocurrency lender Celsius is attempting to return coins to a small number of users who have been locked out of their accounts.

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Investors Business Daily

Bankrupt Crypto Lender Celsius Wants To Return $225 Mil To Users

Struggling cryptocurrency lender Celsius Network wants court permission to return digital assets to some users, according to the latest bankruptcy court proceedings. Hoboken, N.J.-based Celsius requested permission to release cryptocurrencies in its custody program and withholding accounts, which are for storage rather than generating returns. Roughly $210 million in assets…

Bangkok Post

SEC tightens rules for digital asset ads

The Securities and Exchange Commission (SEC) took steps yesterday to tighten the rules governing the digital asset market and penalise businesses that breach regulations.

The Street

Crypto Price Check: Celsius Network, Tether Under Scrutiny

Cryptocurrency prices are essentially flat as federal regulators focus on Celsius Network, following last month's bankruptcy filing.

The Street

Crypto: Reddit Gen Z Traders Are Back for a Big Splash

Reddit traders want to reclaim retail investors' money from embattled Celsius Network and Voyager Digital.

Bangkok Post

Warning issued over DeFi transactions

The Securities and Exchange Commission (SEC) is warning investors to exercise caution when making decentralised finance (DeFi) transactions, saying there are risks and they do not fall under the supervision of the country's regulators.

Los Angeles Times

'Bachelorette' contestant's firefighter dad has retirement locked up in bankrupt crypto lender

Chapman Shallcross had been burned before. Shallcross, father of current "Bachelorette" contestant Zach Shallcross, spent 34 years in the fire service, retiring from his job as a fire captain for the city of Orange after health issues caught up to him in 2020. The elder Shallcross considers himself a hands-on,…

ABC News

Australian investors left with nothing as cryptocurrency giant Celsius goes bankrupt

Australians describe their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals.

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