Celsius Bankruptcy Shares Locked Despite Nasdaq Listing
The Nasdaq listing unlocked trading, not liquidity. Holders will wait through the bankruptcy estate's distribution schedule before any of those shares can be converted to cash.
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The Nasdaq listing unlocked trading, not liquidity. Holders will wait through the bankruptcy estate's distribution schedule before any of those shares can be converted to cash.
The bitcoin miner pivoting to AI compute closed its first day at a $2.8B valuation, the largest direct listing on Nasdaq since 2021, and gave creditors of the bankrupt lender a rare liquid path out.
The company-level ban and nine-figure judgment land without the founders as parties, leaving their parallel federal cases to set the precedent on individual liability for the collapse.
The order lands as Mashinsky already serves 12 years for fraud — the lifetime ban and registration strip are the regulatory bookend, not a fresh sentence.
The registration and trading ban closes out the agency's case but adds nothing to the 12-year prison sentence — the structural read is that a top-tier US regulator now has a permanent fraud record on…