Celsius Founder Indicted As Feds Ramp Up Crypto Offensive

By Phillip Bantz and Cara Salvatore · July 13, 2023, 10:34 AM EDT

New York federal prosecutors on Thursday ratcheted up a cryptocurrency fraud crackdown, announcing criminal charges against the founder and former CEO of now-bankrupt Celsius Network LLC for allegedly misleading customers about...

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Bankruptcy Scorecard

Summary

Cryptocurrency lending platform Celsius Network LLC filed for Chapter 11 bankruptcy in July, 2022 amid a marketwide downturn known as "crypto winter." In November, it received approval a bankruptcy plan allowing customers to receive crypto asset distributions.

Case Number

1:22-bk-10964

Judge

Martin Glenn

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$5.5 billion

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Documents

Related Sections

Case Information

Case Title

Securities and Exchange Commission v. Celsius Network Limited et al

Case Number

1:23-cv-06005

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

July 13, 2023

Case Title

Commodity Futures Trading Commission v. Celsius Network LLC et al

Case Number

1:23-cv-06008

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

July 13, 2023

Case Title

Federal Trade Commission v. Celsius Network Inc. et al

Case Number

1:23-cv-06009

Court

New York Southern

Nature of Suit

Other Statutory Actions

Date Filed

July 13, 2023

Case Title

USA v. MASHINSKY

Case Number

1:23-cr-00347

Court

New York Southern

Nature of Suit

Date Filed

July 11, 2023

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