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Judge: Alex Mashinsky will not benefit from the Celsius bankruptcy case.

ChainCatcher

2025-06-17 07:02:24

ALEX-2,39%

ChainCatcher news, according to CoinTelegraph, the U.S. Bankruptcy Court for the Southern District of New York has stated that the 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 claimed over $1 billion in assets.

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