Alex Mashinsky News
03.10 / 13:07
Reuters
Digital
Extreme
Southern
network
NOT
Celsius Network Conditionally Not to Enforce Debtors to Pay for Outstanding Loans
Beleaguered digital currency lender Celsius Network has revealed that it was not planning to ask its debtors to pay their outstanding loans during its Chapter 11 bankruptcy proceedings.
03.10 / 05:15
business
Court
Taxes
Bankruptcy
Ft
Celsius founder reportedly withdrew $10M before bankruptcy filing: FT
Celsius Network founder and former CEO Alex Mashinsky allegedly withdrew $10 million from the crypto lending platform just weeks before the company froze customer funds and declared bankruptcy.
28.09 / 16:29
Celsius CEO Machinsky Resigns Amid Ongoing Bankruptcy Proceedings
Alex Mashinksy has resigned from his role as the CEO of Celsius Network amid ongoing bankruptcy proceedings at the crypto lending company.
28.09 / 14:57
Extreme
CEO
Platform
CEL
NOT
Celsius’ CEO bids farewell but here’s why CEL is not ready to step down
Celsius [CEL] Network CEO Alex Mashinsky resigned as the CEO of the bankruptcy-challenged crypto organization. In a press release shared with BusinessWire on 27 September, Mashinksy announced that he was stepping down because he felt his presence was an “increasing distraction” to the company considering their current financial status.
28.09 / 13:03
28.09 / 13:03
Digital
CEO
Platform
Celsius CEO Resigns amid Broader Bankruptcy Tango
Alex Mashinsky, the Chief Executive Officer of the embattled crypto lending firm Celsius Network, has tendered his resignation as the head of the firm, effective immediately.
28.09 / 11:11
business
defi
lending
FTX reportedly considers bailing out Celsius via asset bid
Crypto exchange FTX, led by crypto billionaire Sam Bankman-Fried (SBF), is reportedly considering bailing out Celsius Network by bidding on the bankrupt lender’s assets. Coincidently, the information came out the same day Alex Mashinsky resigned as the CEO of Celsius.
28.09 / 08:57
cryptocurrency
CEO
JPMorgan
Celsius CEO Steps Down Amid Bankruptcy Proceedings
Celsius, based in Hoboken, New Jersey, filed for Chapter 11 bankruptcy on July 13.
27.09 / 19:27
business
US President
Brett
Brett Harrison will step down as FTX US president, move into advisory role
The president of cryptocurrency exchange FTX US, Brett Harrison, has announced he will be transitioning into an advisory role in the next few months.
27.09 / 18:33
business
Blockchain
lending
Celsius CEO Alex Mashinsky resigns
According to a new press release published on Tuesday, Alex Mashinsky, CEO of troubled crypto lender Celsius Network, has resigned effective immediately. In explaining the decision, Mashinsky wrote:
22.09 / 14:09
BLOCK
Platform
Customers
Celsius May Repay Customers With Wrapped Assets
Executives at Celsius Network are proposing to pay back customers by issuing new wrapped assets to trade on other platforms, a new leaked recording revealed.
15.09 / 00:45
MET
CEO
Pepsi
services
Celsius’s CEO plotting a pivot to custody services- Details inside
Alex Mashinsky, CEO of bankrupt crypto lender Celsius, has outlined a plan to pivot his company’s operations from lending services to custody services.
14.09 / 21:17
UPS
Provident
Platform
Celsius Price Pumps 22% After Plan Emerges to Refocus Business
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
14.09 / 12:55
CEO
Pepsi
Alex Mashinsky Wants To Resurrect Failed Crypto Lender Celsius As A Custodian
The downturn triggered by the bankrupt major crypto lender Celsius (CEL) continues to roll over numerous crypto businesses worldwide, but Alex Mashinsky, the firm's CEO, reportedly aims to revive the business as a custodian.
14.09 / 01:30
business
lending
Celsius CEO plans to restructure firm to focus on crypto custody: Report
Crypto lending platform Celsius, currently in the middle of bankruptcy proceedings, reportedly plans to rebuild around crypto custody services.
12.09 / 14:45
Platform
Financial
Regulators allege Celsius made false claims to investors over firm’s financial health
Vermont regulators alleged that bankrupt crypto platform Celsius Network, through its chief executive, Alex Mashinsky, made false and misleading claims to investors about the firm’s financial health even as it suffered huge losses.
09.09 / 09:29
08.09 / 01:09
Law
regulation
Financial
Vermont's financial regulator alleges Celsius and its CEO made 'false and misleading claims'
The Vermont Department of Financial Regulation, or DFR, alleged crypto lending platform Celsius Network and CEO Alex Mashinsky misled state regulators about the firm’s financial health and its compliance with securities laws.
07.09 / 21:59
CEO
Bankrupt crypto
Regulator says bankrupt crypto lender Celsius misled investors
The Vermont watchdog says that Celsius kept its "massive losses" in the first half of last year from investors, despite laws requiring it to disclose financial statements.The filing cites blogs and tweets from Celsius CEO Alex Mashinsky, including one insisting that "all funds are safe" when in fact, says the filing, "the company was insolvent and depositor funds were not safe".The document also notes a recent creditor meeting in which the company admitted it had never earned enough revenue to support the yields being paid to investors. "This shows a high level of financial mismanagement and also suggests that at least at some points in time, yields to existing investors were probably being paid with the assets of new investors," says the filing.
24.08 / 15:41
cryptocurrency
crypto news
Southern
Bankrupt crypto
Bankrupt Crypto lender Celsius Sues Former Manager Over Alleged Theft
Celsius crypto lender, now bankrupt, sues ex-money manager over alleged theft
22.08 / 13:09
Stocks market
RIG
WSJ
Bitcoin
Celsius Spent Over $40m on Crypto Mining in First Two Weeks after Bankruptcy
Celsius Network LLC used more than $40 million in cash on its startup mining operation in the first two weeks after filing for bankruptcy, according to a report from the Wall Street Journal (WSJ).
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