Judge: Alex Mashinsky will not get a share of the Celsius bankruptcy case
2025-06-17 07:05:33
According to Cointelegraph, the US Bankruptcy Court for the Southern District of New York said that Celsius debtors and former CEO Alex Mashinsky and related entities have reached an agreement to prohibit the distribution of Celsius bankruptcy proceeds to the latter. The agreement allows Celsius debtors to distribute funds that have been frozen due to claims filed by Mashinsky. In May this year, Mashinsky was sentenced to 12 years in prison for genetic fraud. So far this year, Celsius creditors have cumulatively claimed more than $1 billion in assets.
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