Daniel Leon

A court-appointed investigator said that Celsius’ ex-CEO Alex Mashinsky had sold over $68 million worth of the network’s native CEL token since 2018, all while the network was using customer funds to prop up CEL’s price.Photo: Kevin McGovern (Shutterstock)Before it eventually imploded, the crypto lender Celsius Network promised users it would not be any regular bank—no, it would be bigger than a bank—and users could “unbank” themselves by funneling some of their funds to Celsius. Users would gain interest while Celsius…

Alex Mashinsky, the Celsius co-founder and former CEO who suspiciously cashed out $17 million in crypto prior to halting customers’ crypto withdraws and ahead of the company’s eventual bankruptcy, has found himself on the receiving end of a scathing civil lawsuit accusing him of defrauding hundreds of thousands investors out of billion of dollars by misrepresenting the shaky platform’s safety. The suit, filed Thursday by New York Attorney General Letitia James, alleges Mashinsky engaged in a years-long scheme to defraud…

Image: Artemenko Valentyn (Shutterstock)The biggest monetary losers from crypto lender Celsius’ demise are on full public display.A new search tool released over the weekend appears to sift through a recently released database of Celsius customer data and pulls together a video game styleleaderboard showing how much money they’ve lost since the firm filed for bankruptcy. The top three names reportedly lost $40.5 million, $38.2 million, and $26.4 million respectively. Celsius currently owes roughly $4.7 billion to users…

Celsius founder and recently resigned CEO Alex Mashinsky as he appeared in a promotional video for Celsius uploaded to YouTube. The video was deleted after the company imploded.Screenshot: YouTubeThree executives at crypto trading platform Celsius cashed out at least $40 million in cryptocurrency shortly before the company halted withdrawals for all users earlier this year, according to a financial disclosure form filed in New York bankruptcy court late Wednesday. The withdrawals by Celsius executives, first reported by…