Company
Celsius Network
Celsius Network was a cryptocurrency platform and Bitcoin mining company that filed for Chapter 11 bankruptcy and emerged on January 31, 2024. The company shut down its mobile and web applications in February 2024 as part of winding down operations. It now distributes remaining assets to creditors in cryptocurrency, US dollars, and equity shares in Ionic Digital LLC, its reorganized mining subsidiary.
Celsius Network is a privately held company operating in the fintech sector, based in USA.
Leadership
Former
Recent developments
AI summary of recent coverageRecent coverage of Celsius Network has focused on ongoing legal consequences stemming from fraud charges against former CEO Alex Mashinsky, including a 12-year prison sentence, asset freezes by the DOJ, and a permanent trading ban imposed by the CFTC. The company's co-founders have also faced regulatory action, agreeing to pay settlements to the FTC exceeding $6 million. Additional coverage has highlighted related developments such as asset movements from wallets associated with Mashinsky and cooperation agreements involving former company officers with federal prosecutors.
Summarized from the headlines in the sidebar; see each source for the full story.