mash

Celsius founder Alex Mashinsky has reached a settlement agreement with the Federal Trade Commission (FTC), agreeing to pay $10 million and being permanently banned from promoting, marketing, or distributing any products and services related to asset deposits, exchanges, investments, or withdrawals.The court also ruled a $4.72 billion monetary judgment, but most of it is temporarily suspended—if Mashinsky is found to have concealed or misrepresented assets in financial disclosures, the judgment will be reinstated immediately. Previously, Mashinsky was sentenced to 12 years in prison in May 2025 for commodity fraud and securities fraud.

According to Lookonchain monitoring, well-known ETH holder and staker, P2P.org and Cyber.Fund co-founder Konstantin Lomashuk (@Lomashuk) seems to be selling ETH.Two wallet addresses possibly related to him transferred 12,458 stETH (approximately $23.76 million) and 2,566 ETH (approximately $5.38 million) to Wintermute.

According to Cryptopolitan, UAE asset management company Mashreq Capital, headquartered in the Dubai International Financial Centre (DIFC), has announced the launch of a multi-asset investment mutual fund called BITMAC. This fund covers various asset classes through ETFs, including stocks, fixed income, gold, and Bitcoin, with 90% invested in global equities and global fixed income, 5% in gold, and 5% in Bitcoin.The fund is aimed at retail investors, with a minimum investment amount of $100. It provides retail investors with an institutional-grade pathway to allocate both traditional asset classes and digital assets within a single retail fund solution.

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.

ChainCatcher news, according to Cointelegraph, Celsius founder Alex Mashinsky expressed strong dissatisfaction with the U.S. Department of Justice's proposed 20-year prison sentence. Previously, Mashinsky pleaded guilty in December 2024 to commodity fraud and manipulating the price of CEL tokens, profiting $48 million by selling tokens before the collapse of Celsius. His legal team submitted a response memorandum to the New York District Court on May 5, requesting to reduce the sentence to less than 366 days, arguing that Mashinsky is a first-time non-violent offender with a 30-year unblemished business record. Celsius filed for bankruptcy protection in July 2022, with liabilities of $4.7 billion, affecting the assets of hundreds of thousands of users.

ChainCatcher news, according to Inner City Press, former Celsius CEO Alex Mashinsky has pleaded guilty to two charges and requested to postpone the trial by one month to May 8. The U.S. Attorney's Office has not yet agreed to this.

ChainCatcher news, according to Reuters, Alex Mashinsky, the founder and former CEO of the cryptocurrency lending platform Celsius Network, pleaded guilty to two counts of fraud on Tuesday.The 59-year-old Mashinsky was indicted on July 13, 2023, on seven counts of fraud, conspiracy, and market manipulation. Federal prosecutors in Manhattan stated that he misled Celsius's customers, enticing them to invest, and artificially inflated the value of the company's proprietary cryptocurrency. He pleaded not guilty to these charges on that day.During Tuesday's hearing, Mashinsky stated that he pleaded guilty to two of the original seven charges: commodity fraud and a fraudulent scheme to manipulate the price of CEL (Celsius token).In court, Mashinsky admitted that during an interview in 2021, he provided "false comfort" to Celsius customers by claiming that Celsius had received regulatory approval for its Earn program, when in fact it had not been approved. The program promised to use customers' cryptocurrency to generate investment returns.

ChainCatcher news, Solana's native inscription launch protocol SolMash posted on X that it will launch the community governance token mash. The total supply of mash is 100 million, with 57% allocated for public release, 16% for staking, 12% for private donations, 7% for providing liquidity, 5% for the team (locked for 6 months, linear unlock over 18 months), and 3% for subsequent SolMash loyalty incentive programs.

ChainCatcher news, according to Bloomberg, the criminal trial date for former Celsius CEO Alex Mashinsky is set for September 17, 2024. Mashinsky was arrested in July this year, and prosecutors allege that Mashinsky deceived customers and misled them about the profitability of the cryptocurrency lending institution.Previously, former Celsius Chief Revenue Officer Roni Cohen-Pavon had pleaded guilty to four criminal charges, including manipulating the price of the platform's token CEL.

ChainCatcher news, according to CoinDesk, court documents released on Tuesday reveal that the bank and real estate assets of former Celsius CEO Alex Mashinsky have been ordered to be frozen.In July of this year, the U.S. Securities and Exchange Commission, the U.S. Department of Justice, the U.S. Commodity Futures Trading Commission, and the U.S. Federal Trade Commission all filed lawsuits against Celsius Network and Alex Mashinsky.

ChainCatcher News: The U.S. Securities and Exchange Commission (SEC), Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC) have all filed lawsuits against Celsius Network and its former CEO Alex Mashinsky in the past hour. (Source link)

ChainCatcher news, according to Bloomberg, the U.S. SEC filed a lawsuit against Celsius Network and its former CEO Alex Mashinsky in federal court in Manhattan on Thursday.It is reported that former CEO of Celsius, Alex Mashinsky, was arrested on Thursday morning local time. (Source link)

Chain Catcher news, according to The Block, former Celsius CEO Alex Mashinsky withdrew $10 million in May, most of which was used to pay state and federal taxes.It is reported that Celsius froze user withdrawal functions on June 12 and subsequently announced bankruptcy. Mashinsky resigned as the company's CEO on September 27 and will participate in the company's development as an advisor. (The Block)