According to a report from Mars Finance, UK-listed company Cel AI announced that as part of its ongoing asset reserve diversification strategy, it purchased 6.1794767 Bitcoins at an average price of $109,791.00 per Bitcoin, totaling an investment of $678,450.93. Previously, it was reported that UK-listed company Cel AI had raised £10 million for the purchase of Bitcoin.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A US bankruptcy judge has granted permission for Celsius Network, the bankrupt cryptocurrency lender, to pursue its lawsuit against Tether, the issuer of the market’s largest stablecoin, USDT. Cel

AI today discovered 1. Hong Kong officially legislates to regulate virtual asset trading and custody services 2. Trump criticizes The Federal Reserve (FED) for raising interest rates too quickly, calls for Powell to resign 3. Meta seeks $29 billion in financing, fully betting on AI data center construction 4. The number of warning letters received by American encryption investors from the IRS surged by 758% 5. UK AI company Cel AI plans to raise $10.3 million to purchase Bitcoin

The founder of Celsius Network, Alex Mashinsky, has been sentenced to 12 years in prison for defrauding customers. The company's collapse in 2022 revealed Ponzi-like elements, leading to lawsuits and allegations of manipulating token prices. Mashinsky profited from inflated sales. The Celsius (CEL) token price has experienced significant fluctuations, currently trading at $0.1063.

Mùa đông của tiền điện tử rất khắc nghiệt khi người sáng lập Celsius đối mặt với 20 năm tù giam vì lừa đảo và thao túng, gây ra hàng tỷ đô la thiệt hại. Mặc dù vậy, giá token CEL đã tăng hơn 80%.

The former Celsius CEO, Alex Mashinsky, faces a sombre reality as the US court confirmed his May 8 sentencing in the latest filing. Crypto Macro @cryptomacro14 ·Follow 🚨🇺🇸US court to sentence former Celsius CEO Alex Mashinsky on May 8 over fraud and manipulation charges 4:29

Ex-CEO of Celsius Network, Alex Mashinsky, has pleaded guilty to fraud, facing up to 30 years in prison, and will forfeit $48 million. He misled customers about fund usage and manipulated the CEL token’s trade price, leading to the bankruptcy of Celsius platform. The current trade price of Cel token stands at $0.26.

Alex Mashinsky admits to fraud and manipulating the price of CEL tokens, and faces up to 30 years in prison after making $42 million from inflated token sales. The case highlights the legal fallout from the 2022 crypto crash and harms industry trust.

Alex Mashinsky, former CEO of Celsius, has pleaded guilty to commodities and securities fraud, admitting false claims to investors for the "Earn" program and manipulating CEL token's market price. Mashinsky has agreed to forfeit his illegal gains and faces sentencing in April 2025. The former executive is accused of luring retail investors with high returns, resulting in Celsius's collapse, with Chapter 11 bankruptcy filed in July 2022, leaving customers unable to access $4.7 billion in crypto.

Celsius founder Mashinsky admits to fraud, including manipulating Token prices and making false statements, and is suspected of misappropriating client deposits. Celsius collapsed in 2022, triggering a crypto winter. Former executives cooperating with the investigation accuse Mashinsky, who pleaded guilty, with a protocol maximum sentence of 30 years. The final outcome will be revealed on 4/8 next year.

CEL token enhances financial services with attractive terms, automated rewards, and higher savings, surpassing traditional banking solutions. MAN token integrates AI with blockchain for optimized smart contracts, data management, and metaverse transactions on Matrix AI Network. PRE token

The government filed multiple charges against Mashinsky, including wire fraud and securities fraud. On October 3, Celsius co-founder and former CEO Alex Mashinsky will appear in court in September 2024. The report indicates that Mashinsky's trial is scheduled for September 17, 2024. Mashinsky was charged with securities fraud, commodities fraud, wire fraud and conspiracy to manipulate the value of the company’s native crypto token, CEL. While the full details of Mashinsky’s defense strategy are unclear, it appears his attorneys will base their case on the ambiguity of cryptocurrency’s legal status. In a court statement cited by Bloomberg, a lawyer said "the law on what constitutes a security is fluid." The trial date is on...