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Alex Mashinsky, founder of the collapsed crypto lender Celsius, has withdrawn his claims to any assets from the platform’s bankruptcy proceedings following his criminal sentencing. The disgraced executive was sentenced to 12 years in prison for defrauding investors. Court documents confirm he will receive nothing from the bankruptcy estate.
- Mashinsky withdrew bankruptcy claims after receiving a 12-year prison sentence for fraud.
- Celsius collapsed in 2022 after its CEL token lost 99% value and withdrawals were halted.
- DOJ found Mashinsky misled investors, misused funds, and profited millions while customers lost billions.
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