Judge: Alex Mashinsky will not get a share from the Celsius bankruptcy case

ChainCatcher news, according to CoinTelegraph, the U.S. Bankruptcy Court for the Southern District of New York has stated that Celsius debtors have reached an agreement with former CEO Alex Mashinsky and his related entities, prohibiting the distribution of Celsius bankruptcy proceeds to the latter. The agreement allows Celsius debtors to distribute funds that were frozen due to claims made by Mashinsky.

In May of this year, Mashinsky was sentenced to 12 years in prison for fraud. So far this year, Celsius creditors have collectively claimed over $1 billion in assets.