Tags: CEL

Prosecutors had sought 20 years, citing Mashinsky’s $48M personal profits and unrepentant attitude toward defrauding retail investors.

The judge stated that Celsius’ claim filings lacked sufficient evidence.

Mashinsky admitted to faking regulatory approval claims and secretly profiting $48 million from inflated CEL token sales.

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

Eligible Celsius creditors in specific classes will receive payouts via PayPal, Venmo, or Coinbase, based on BTC at $95,836.23.

Entities behind pseudonymous crypto wallets can now be served via NFT airdrops, as the law catches up with technology

The court hearing marks the first in-person appearance for Mashinsky since February, as he looks to have charges against him dismissed.