Cointelegraph·
Former CEO Alex Mashinsky filed documents seeking to vacate his 12-year sentence, which included claims involving FTX and a “hostile takeover” by a former Celsius executive, who was sentenced to time served.
Read full articleMashinsky's appeal highlights the complexities of legal accountability in crypto, potentially influencing future fraud defenses and regulatory scrutiny. The post Celsius founder Alex Mashinsky seeks to vacate 12-year fraud sentence, cites Sam Bankman-Fried connection appeared first on Crypto Briefing.
Celsius founder and former CEO Alex Mashinsky hopes to have his prison sentence vacated, claiming a legal conflict tied to Sam Bankman-Fried.
Bitcoin has bounced back from the $70,000 zone multiple times in 2026, but analysts are warning that the next test of that level could end differently. A Line That Has Held Since 2017 The lower boundary of a rising wedge pattern — a trendline that first appeared as support in mid-2017 — has absorbed several sharp drops over the years. Bitcoin touched it during the FTX-driven crash of November 2022, when prices fell to $15,400, and the line held. It held again three times in the opening months of 2026, at $60,000 in February, then at $64,900 and $65,000 in March and April. Related Reading: Bitcoin’s 4-Year Rhythm Is Still Playing Out, Says Crypto CEO Crypto market commentator MichaelXBT brought renewed attention to the pattern after Bitcoin dropped below $74,000 for the first time in over a month. Based on his chart analysis, the support trendline now sits around the $70,000 mark, and a confirmed break below it would be historically significant. Bitcoin 10-Year Wedge Support: $70k If th
Beyond attacking the process that put him behind bars, Alex Mashinsky is now trying to recast Celsius’ collapse as an FTX‑driven hit job, even though he already confessed to manipulating CEL himself. Beyond attacking the process that led to his…
The asset recovery efforts highlight ongoing complexities in bankruptcy proceedings, impacting creditor claims and market dynamics. The post US government reclaims $800K in Alameda funds for FTX creditors appeared first on Crypto Briefing.
Loeb's experiences underscore the volatility of tech investments, highlighting the importance of diversified strategies and risk assessment. The post Third Point’s Dan Loeb reflects on FTX misstep and Musk investments appeared first on Crypto Briefing.
The extended timeline for creditor payments may impact stakeholders' financial planning and trust in FTX's restructuring process. The post FTX recovery trust targets July 31 for next round of creditor payments appeared first on Crypto Briefing.
Fenwick & West has agreed to pay $54 million to settle a class action lawsuit filed by former FTX customers who accused the law firm of helping facilitate fraud at the collapsed cryptocurrency exchange. According to court filings tied to…
