Every Zipp story tagged #Celsius, newest first.
The ban is permanent and federal forfeiture is already at $48.4M, but the deal preserves Mashinsky's right to trade crypto for his own account, which lawyers will likely challenge.
The settlement adds a state-level industry ban to Mashinsky’s 12-year prison sentence, while Celsius creditors have received more than $3.4B through bankruptcy proceedings.
The action adds a permanent industry ban to existing federal and regulatory penalties, while Celsius creditors have already received more than $3.4 billion through bankruptcy proceedings.
The suit chases 6,360 BTC lost in the March 2020 Covid crash, but it also reopens the gap between Celsius's delta-neutral marketing and the leveraged longs its own bankruptcy filings describe.
The bankruptcy estate's fraud and manipulation claims target the exchange's liquidation engine from the March 2020 crash, landing 11 days before BitMEX shuts down trading on Sept. 23.
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…
CryptoSlate
CoinDesk
TheBlock