Mashinsky argues Celsius Earn account are not securities

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Celsius former CEO wallet dumps $480k in CEL token selloff

Ad A wallet related to Celsius former CEO Alex Mashinsky reportedly sold 90,000 Celsius tokens (CEL) for $480,000,  blockchain analytical firm Peckshield reported on Feb. 14. The sold tokens originated from wallet “0x4833,” which received the assets directly from Celsius Network Wallet four years ago. The sales appear to have negatively impacted the CEL token…

Celsius founder Alex Mashinsky withdrew $10M weeks before bankruptcy – FT

Celsius Network’s founder Alex Mashinsky reportedly withdrew $10 million from the struggling crypto lender a few weeks before the firm froze its customer funds and filed for bankruptcy, the Financial Times reported on October 2. According to the report, the withdrawals happened in May, around the same period when the broader market was still reeling…

Terra, Celsius hit with class action lawsuits in the US

A new class action lawsuit against TerraForm Labs and its CEO, Do Kwon, was filed by Bragar Eagel & Squire, P.C. on July 24 in the state of California. Bragar Eagel & Squire, P.C. also slapped a class action lawsuit against Celsius Network, Alexander Mashinksy, and other firms and individuals connected o the crypto lender…