Tags: celsius-degree-token

Alex Mashinsky will reportedly plead guilty to two of the federal fraud charges levied against him over the collapse of crypto lender Celsius.

The company has now distributed $2.53 billion to over 251,000 creditors since the repayment plan kicked off in January 2024.

Celsius Network‘s reorganization plan received overwhelming support from creditors, pending final approval from the U.S. Bankruptcy Court.

Former chief revenue officer Roni Cohen-Pavon reached an agreement with the U.S. Attorney’s office along with his guilty plea.

Alex Mashinsky’s lawyers argue that the FTC case against the former CEO of the Celsius Network should be dismissed.

Celsius creditors played a prominent role in selecting the board for Fahrenheit Holdings—appointing six of the nine members.

Former Celsius’ boss Alex Mashinsky is set to be released on bail after agreeing to a $40 million personal recognizance bond.