Celsius Network's bankruptcy estate filed suit against five BitMEX entities on September 12, seeking the return of 6,360.17 Bitcoin (worth approximately $495 million) over forced liquidations during the March 2020 market crash. The lawsuit comes just 11 days before BitMEX's scheduled permanent shutdown.
Former Celsius CEO Alexander Mashinsky and business partners Shlomi Daniel Leon and Hanoch “Nuke” Goldstein were ordered to pay $10 million, $4.1 million, and $2.014 million, respectively, to resolve Federal Trade Commission charges related to the collapsed cryptocurrency lending platform. Mashinsky and Leon are permanently barred from marketing or selling certain asset-related products or services, while Goldstein is permanently barred from marketing or selling specified retail cryptocurrency products or services.
The Federal Trade Commission secured a $4.72 billion judgment against former Celsius Network CEO Alex Mashinsky, who agreed to pay $10 million and accept a permanent ban from the cryptocurrency and financial services industries following the collapse of the crypto lending platform.
