Alexander Mashinsky, former CEO of defunct crypto lender Celsius, faces charges of swindling investors and manipulating CEL token prices. He is under heavy restrictions post bail, and it’s expected this case could greatly influence perceptions about cryptocurrency regulations.
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Bankrupt Crypto Lender versus Private Lending Platform: A Legal Wars Saga Unravels
“Bankrupt crypto lender, Celsius Network, has launched a complaint against EquitiesFirst Holdings, seeking to reclaim assets. Following claims EquitiesFirst held a $439 million debt backed by Celsius in cash and Bitcoin. This amidst Celsius’s tumultuous saga of collapsing market value, co-founder’s legal charges, and foggy future of asset buyout by potential bidders.”