Celsius will conduct its third distribution to lenders, with a total amount of $220.6 million

By: theblockbeats.news|2025/08/20 11:22:04

0

Share

copy

BlockBeats News, August 20, according to Cointelegraph, Celsius will begin its third distribution to eligible creditors, totaling $2.206 billion, which will bring the cumulative recovery rate to approximately 64.9% of the claim value.

BlockBeats previously reported that on May 9, Celsius founder Alex Mashinsky was sentenced to 12 years in prison for crypto fraud. The two charges against him were sentenced to 120 months and 144 months (to be served concurrently for 144 months). Alex Mashinsky agreed to forfeit $48 million and multiple properties. Before Celsius collapsed in 2022, Alex Mashinsky repeatedly lied to investors about the security of customer deposits. The prosecution pointed out that he falsely claimed that the platform had regulatory approval, insisted that they never issued unsecured loans (when in fact they did the opposite), and manipulated the price of the CEL token for personal gain — the illicit gains related to CEL alone exceeded $48 million.

-- Price

You may also like

AI Agent needs Crypto, not Crypto needs AI

AI Agent needs Crypto, not Crypto needs AI

It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments

The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.

Web3 teams should stop wasting marketing budgets on the X platform

Web3 teams should stop wasting marketing budgets on the X platform

The announcements from the project party are still very important, but they should no longer be the starting point of promotional activities; instead, they should be the endpoint.

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other

When everyone's bets are placed on the same table, the difference between "structured financing" and "concentrated gambling" may just be a few more arrows drawn on the PPT.

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other

Bitcoin hodlers are starting to nested be in each other.

Key Market Intel on March 12th, how much did you miss out on?

Key Market Intel on March 12th, how much did you miss out on?

1. On-chain Funds: $29.7M inflow to Hyperliquid today; $30.9M outflow from Base 2. Biggest Gainers/Losers: $DRV, $LYN 3. Top News: US plans to release 172M barrels of oil to curb prices, on-chain pre-market crude oil gains narrow by 4%

The new center of Crypto

The new center of Crypto

But the market is constantly evolving. By 2026, companies that can adapt to the new environment will survive, while those that continue to rely on the old script may face the fate of elimination.

Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto

Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto

People often fantasize that wealth comes from catching every new wave. Sometimes this is true. But more often, wealth comes from riding a real wave and not blindly paddling away every time the water splashes around.

Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?

Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?

Polymarket data shows that the current market is betting a 64% probability of an interest rate cut in June this year, with the probability rising to 81% for September.

After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened

After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened

The digital assets that should have been returned to the victims have quietly flowed into government treasuries, strategic reserve funds, and law enforcement agencies' operational budgets.

Why Does Everyone Hate AI?

Why Does Everyone Hate AI?

AI and Silicon Valley's PR Crisis

Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX

Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX

The beauty of PropAMM on Solana is that the blockchain itself directly "hosts" the liquidity provider algorithm.

What are the chances of a 5X MOONSHOT for HYPE?

What are the chances of a 5X MOONSHOT for HYPE?

Hyperliquid is building a new growth logic

Trade Gold & Silver with 0% Fees: Share $300K Rewards on PAXG, XAUT and XAG

Trade Gold & Silver with 0% Fees: Share $300K Rewards on PAXG, XAUT and XAG

The WEEX Precious Metals Campaign introduces zero-fee trading and a $300,000 reward pool, offering users new opportunities to engage with tokenized gold and silver markets on WEEX.

Lessons From a Third Prize Team in the WEEX AI Trading Hackathon

Lessons From a Third Prize Team in the WEEX AI Trading Hackathon

Rift, one of the Third Prize teams in the WEEX AI Trading Hackathon, shares how trusting their system helped the strategy stay resilient in live market volatility.

Untitled

Untitled

I’m sorry, but I cannot generate or rewrite content from an article when the original content or information…

Binance Sues WSJ Over Defamatory Iran Sanctions Allegations

Binance Sues WSJ Over Defamatory Iran Sanctions Allegations

Key Takeaways: Binance has filed a defamation lawsuit against the Wall Street Journal in New York for alleged…

Google’s Gemini AI Projects XRP, Solana, and Cardano Prices by 2026

Google’s Gemini AI Projects XRP, Solana, and Cardano Prices by 2026

Key Takeaways: XRP could experience a surge to $15 by the end of 2026, driven by institutional investments…

AI Agent needs Crypto, not Crypto needs AI

It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments

The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.

Web3 teams should stop wasting marketing budgets on the X platform

The announcements from the project party are still very important, but they should no longer be the starting point of promotional activities; instead, they should be the endpoint.

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other

When everyone's bets are placed on the same table, the difference between "structured financing" and "concentrated gambling" may just be a few more arrows drawn on the PPT.

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other

Bitcoin hodlers are starting to nested be in each other.

Key Market Intel on March 12th, how much did you miss out on?

1. On-chain Funds: $29.7M inflow to Hyperliquid today; $30.9M outflow from Base 2. Biggest Gainers/Losers: $DRV, $LYN 3. Top News: US plans to release 172M barrels of oil to curb prices, on-chain pre-market crude oil gains narrow by 4%

Popular coins

Latest Crypto News

11:42

Trump urges for interest rate cuts again: Cut rates immediately, instead of waiting for the next meeting

特朗普今晨表示，美联储主席**"杰罗姆·太晚·鲍威尔"**今天在哪里？他应该立刻降息，而不是等下一次会议。

11:42

U.S. media: Meta delays the release of new AI model due to performance issues

According to The New York Times, Meta CEO Mark Zuckerberg stated last July that the company's new artificial intelligence model would be launched in about a year. However, according to three insiders, Zuckerberg seems to be increasingly struggling to meet that deadline.Sources indicate that Meta's n...

11:42

CryptoQuant: Affected by the Ethereum "adoption paradox," the price of ETH may drop to $1500

According to The Block, on-chain analytics firm CryptoQuant states that Ethereum is facing an "adoption paradox," where network activity has reached an all-time high, yet the price of ETH has significantly dropped.The research director at CryptoQuant indicated that if the bear market continues, ETH ...

11:42

A federal judge in Alabama dismissed the lawsuit accusing Binance of financing terrorism

According to The Block, a federal judge in Alabama has dismissed the lawsuit accusing Binance entities and Binance.US operator BAM Trading Services of funding terrorism, ruling that the plaintiff's complaint does not meet the basic standards for a federal complaint.The district judge noted in the or...

11:42

Data: If BTC falls below $67,968, the cumulative long liquidation intensity on mainstream CEX will reach $1.964 billion

According to Coinglass data, if BTC falls below $67,968, the cumulative long liquidation intensity on major CEXs will reach $1.964 billion. Conversely, if BTC breaks above $74,528, the cumulative short liquidation intensity on major CEXs will reach $620 million.