The former CEO of Celsius Alex Mashinsky agreed not to claim any assets of Celsius.
In a proposal submitted on Monday, the US Banking Court for the southern region of New York I mentioned An agreement was reached between Celsius, Alex Mashinsky, am Ventures Holdings Inc. And Koala1 LLC and Koala3 LLC prohibits the distribution of revenue from Celsius to the last parties.
The agreement states that centennial debtors can distribute the funded funds due to the claims made by Mashinsky and the three relevant entities.
Moreover, the court of the judicial state retained all issues related to this case; However, the court will not replace the ongoing criminal case.
“The court must have an exclusive jurisdiction to solve any disputes related to this condition and order,” I read the proposal.
Prison sentence Alex Machinski
In May, Machinski was sentenced to 12 years in prison after a former CEO of Silicius was guilty of fraud.
Related to: The jury assumed the former CEO of a race on all charges
The Mashinsky Legal Team highlighted its military service and confessed to guilt in December as reasons for a more lenient punishment.
Before he was sentenced, the US Department of Justice sought a 20 -year prison sentence for Mashinski, although his lawyer made a mistake, saying it would be “the death penalty in prison.”
Celsius creditors get their money
Celsius was collective Claim More than a billion dollars in assets so far this year.
In August 2024, Celsius paid more than $ 2.5 billion to more than 251,000 creditors. However, up to 121,000 creditors did not participate in their claims due to the amounts of less than $ 1,000, with the vast majority losing less than $ 100.
In November 2024, CELSIUS stated that it would pay $ 127 million of the creditors’ redemption account “, which included retail borrowers, retail budgets and program users.
In July 2023, Celsius reached two leveling out of Chapter 11 of bankruptcy procedures, which started in July 2022.
Chapter 11 Banking is a legal process in the United States that allows companies to restructure without having to face immediate repercussions of creditors.
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2025-06-17 06:56:00
