* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, October 5, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

    Al Roker Gives Olivia Dean an Unexpected ‘New Job’ on the ‘Today’ Show – Yahoo

    Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

    Al Roker Gives Olivia Dean an Unexpected ‘New Job’ on the ‘Today’ Show – Yahoo

    Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Celsius’ Founder Alex Mashinsky Pleads Not Guilty, Bail Set at $40M

July 15, 2023
in Business
Celsius’ Founder Alex Mashinsky Pleads Not Guilty, Bail Set at $40M
Share on FacebookShare on Twitter

Alex
Mashinsky, the Founder of bankrupt cryptocurrency lender Celsius Network, has
pleaded not guilty to fraud charges imposed on him by the US Department of
Justice (DOJ). Mashinsky
was arrested yesterday (Thursday) in New York after the
DOJ and
several regulators accused him of luring Celsius’ customers by ‘falsely’ portraying the financial health of the business and artificially inflating the
price of the company’s native
token, CEL.

According
to a court document filed yesterday, US Magistrate
Judge Ona Wang has permitted Mashinksy to be released after a $40 million bond, which is to be secured by
a financial claim on his home in New York and brokerage account with the First
Republic Bank, is perfected. The bond
must be first signed by Mashinsky’s wife today and then by another signee by next
Friday.

As part of
the conditions for his release, the ex-Celsius CEO is required to surrender his
travel documents and make no new applications for them. His movement will also be
restricted to southern and eastern districts in New York.

Furthermore,
Mashinsky will be under pre-trial supervision as part of the release
conditions. However, he can leave the districts for a limited period of time,
with the permission of the Assistant United States Attorney and the Pretrial
Services Officer, according to the court document.

CoinDesk, citing Mashinky’s lawyers, reported that the Celsius Founder has rejected the ‘baseless charges’ and will ‘vehemently’ defend himself in court. This is even as the crypto entrepreneur faces multiple charges from the US Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC).

While the SEC accused Mashinky and his company of raising billions of dollars from investors through ‘unregistered and fraudulent offers and sales of crypto assets securities’, FTC claimed that Celsius ‘misappropriated’ customers’ deposits totalling over $4 billion. On top of that, CFTC said the bankrupt digital asset lender ran a “massive [‘unregistered’] commodity pool scheme involving digital assets commodities.”

Celsius
Network, founded by Mashinsky in 2017, launched into entered the crypto market in 2018 with an
initial coin offering. The company saw massive growth during the crypto boom of
2021, becoming one of the biggest digital asset lenders in the world.

However, troubles started for the firm during last year’s crypto burst that sent several
digital asset businesses, including cryptocurrency exchange giant, FTX, out of business. Celsius in July 2022 filed for bankruptcy, citing
market volatility .

Alex
Mashinsky, the Founder of bankrupt cryptocurrency lender Celsius Network, has
pleaded not guilty to fraud charges imposed on him by the US Department of
Justice (DOJ). Mashinsky
was arrested yesterday (Thursday) in New York after the
DOJ and
several regulators accused him of luring Celsius’ customers by ‘falsely’ portraying the financial health of the business and artificially inflating the
price of the company’s native
token, CEL.

According
to a court document filed yesterday, US Magistrate
Judge Ona Wang has permitted Mashinksy to be released after a $40 million bond, which is to be secured by
a financial claim on his home in New York and brokerage account with the First
Republic Bank, is perfected. The bond
must be first signed by Mashinsky’s wife today and then by another signee by next
Friday.

As part of
the conditions for his release, the ex-Celsius CEO is required to surrender his
travel documents and make no new applications for them. His movement will also be
restricted to southern and eastern districts in New York.

Furthermore,
Mashinsky will be under pre-trial supervision as part of the release
conditions. However, he can leave the districts for a limited period of time,
with the permission of the Assistant United States Attorney and the Pretrial
Services Officer, according to the court document.

CoinDesk, citing Mashinky’s lawyers, reported that the Celsius Founder has rejected the ‘baseless charges’ and will ‘vehemently’ defend himself in court. This is even as the crypto entrepreneur faces multiple charges from the US Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC).

While the SEC accused Mashinky and his company of raising billions of dollars from investors through ‘unregistered and fraudulent offers and sales of crypto assets securities’, FTC claimed that Celsius ‘misappropriated’ customers’ deposits totalling over $4 billion. On top of that, CFTC said the bankrupt digital asset lender ran a “massive [‘unregistered’] commodity pool scheme involving digital assets commodities.”

Celsius
Network, founded by Mashinsky in 2017, launched into entered the crypto market in 2018 with an
initial coin offering. The company saw massive growth during the crypto boom of
2021, becoming one of the biggest digital asset lenders in the world.

However, troubles started for the firm during last year’s crypto burst that sent several
digital asset businesses, including cryptocurrency exchange giant, FTX, out of business. Celsius in July 2022 filed for bankruptcy, citing
market volatility .

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FinanceMagnates – https://www.financemagnates.com//cryptocurrency/celsius-founder-alex-mashinsky-pleads-not-guilty-bail-set-at-40m/

Tags: businesscelsiusFounder
Previous Post

The Expansion of Embedded Finance: Integration in Non-Financial Sectors

Next Post

Singapore Tops as Southeast Asia Reports Record Investments in Fintech

First Record of Mating Involving a Melanistic Jaguar (Panthera onca) in the Wild: Novel Behavioural Insights Into Colour Morphs and Captive‐Wild Comparisons – Luypaert – 2025 – Ecology and Evolution – Wiley Online Library

First Record of Mating Involving a Melanistic Jaguar (Panthera onca) in the Wild: Novel Behavioural Insights Into Colour Morphs and Captive‐Wild Comparisons – Luypaert – 2025 – Ecology and Evolution – Wiley Online Library

October 5, 2025
Multi-generational vulture nests hold 700 years of human artifacts – Popular Science

Multi-generational vulture nests hold 700 years of human artifacts – Popular Science

October 5, 2025
Chinese tech company develops creepy ultra-lifelike robot face — watch it blink, twitch and nod – Live Science

Chinese tech company develops creepy ultra-lifelike robot face — watch it blink, twitch and nod – Live Science

October 5, 2025
FSE Lifestyle Services (HKG:331) Has Announced That Its Dividend Will Be Reduced To HK$0.185 – simplywall.st

FSE Lifestyle Services (HKG:331) Has Announced That Its Dividend Will Be Reduced To HK$0.185 – simplywall.st

October 5, 2025
Irrigation technology adapts to water restrictions – Farm Progress

Innovative Irrigation Technologies Transform Farming Amid Water Restrictions

October 5, 2025
Allende, Alba and Messi help Miami beat Revolution 4-1 – Yahoo Sports

Allende, Alba, and Messi Ignite Miami’s Stunning 4-1 Triumph Over Revolution

October 5, 2025
Watch the October 2025 Edition of the World Report – newsroom.churchofjesuschrist.org

Watch the October 2025 Edition of the World Report – newsroom.churchofjesuschrist.org

October 5, 2025
Shutdowns usually don’t do much economic damage, but there are reasons to worry this time – PBS

Why This Shutdown Could Hit the Economy Harder Than Usual

October 5, 2025
Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

October 5, 2025

Unleash Your Potential: Join the Franciscan Health Women’s Conference 2025!

October 5, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (852)
  • Economy (872)
  • Entertainment (21,746)
  • General (17,419)
  • Health (9,914)
  • Lifestyle (885)
  • News (22,149)
  • People (874)
  • Politics (883)
  • Science (16,083)
  • Sports (21,373)
  • Technology (15,854)
  • World (855)

Recent News

First Record of Mating Involving a Melanistic Jaguar (Panthera onca) in the Wild: Novel Behavioural Insights Into Colour Morphs and Captive‐Wild Comparisons – Luypaert – 2025 – Ecology and Evolution – Wiley Online Library

First Record of Mating Involving a Melanistic Jaguar (Panthera onca) in the Wild: Novel Behavioural Insights Into Colour Morphs and Captive‐Wild Comparisons – Luypaert – 2025 – Ecology and Evolution – Wiley Online Library

October 5, 2025
Multi-generational vulture nests hold 700 years of human artifacts – Popular Science

Multi-generational vulture nests hold 700 years of human artifacts – Popular Science

October 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version