Tag: CEO

Former Celsius CEO arrested in New York, SEC files lawsuit

Alex Mashinsky, the former CEO of Celsius Network, a bankrupt crypto lender, has been arrested in New York, reports on July 13 show. The arrest follows an investigation into the collapse of the crypto firm in Q3 2022. Mashinsky will be arraigned on Friday, July 14. However, people aware of the arrest reveal that the former CEO has denied any wrongdoing. Following the arrest, the United States Securities and Exchange Commission (SEC) is also suing Celsius and the former CEO for allegedly providing false information to creditors and information and…

Former Celsius CEO Alex Mashinsky reportedly arrested

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The former CEO of now-bankrupt crypto lender Celsius, Alex Mashinsky, was reportedly arrested on the morning of July 13. The news broke minutes after the United States Securities and Exchange Commission filed a lawsuit against the crypto lender on the same day. The former CEO was reportedly arrested after a probe into the company’s collapse, reported Bloomberg, citing people familiar with the matter. The U.S. Department of Justice indicted Mashinsky on charges of fraud and intention to manipulate the market.  UPDATE: Per DOJ indictment, legal minds expect Alex Mashinsky to face a lengthy…

CFTC case against Digitex futures exchange and CEO results in $16M court order

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A United States federal court has ordered Digitex CEO Adam Todd to pay roughly $16 million in disgorgement and penalties related to a Commodity Futures Trading Commission (CFTC) case. In a June 12 announcement, the CFTC said a judge in the U.S. District Court for the Southern District of Florida issued a default judgment against Todd and Digitex LLC, Digitex Limited, Digitex Software Limited and Blockster Holdings Limited Corporation for failure to register with the CFTC and manipulating the price of the DGTX token. As part of the judgment, the…

Arkham CEO rebuts claims of ‘snitch-to-earn’ program, says it’s to find bad actors

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The chief of the startup blockchain intelligence platform Arkham has refuted claims by the crypto community that its new “Intel Exchange” is a “snitch-to-earn” or “dox-to-earn” system. On a July 11 Twitter Space, Arkham CEO Miguel Morel discussed the public relations debacle that has unfolded this week over its marketplace. Arkham’s Intel Exchange aimed to “deanonymize the blockchain” by rewarding users with a new token, ARKM, for revealing the identities behind otherwise anonymous blockchain addresses. It was launched on Binance Launchpad as a token sale this week. The platform rapidly…

China could benefit from yuan stablecoin over its CBDC — Circle CEO

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Although China has closed its doors to decentralized cryptocurrencies, Circle CEO Jeremy Allaire believes that stablecoins could play a role in the proliferation of China’s digital yuan. Allaire, who heads up the company behind the United States dollar-backed stablecoin USD Coin (USDC), suggested that a yuan-based stablecoin might be China’s best bet for driving the adoption of its national currency in an interview with the South China Morning Post. “If eventually the Chinese government wants to see the RMB [yuan] used more freely in trade and commerce around the world,…

Worldcoin’s CEO on Crypto’s Most Daring Project

I think it’s one of the biggest discussion points about the project. On the one hand, some people in crypto just hate it, and are like, “Oh my God, this is so terrible, how can you call it The Orb?” But on the other hand, everyone talks about it, and it somehow sticks, right? Source CEOCryptosDaringProjectWorldcoins CryptoX Portal

BlackRock CEO Larry Fink’s Turnabout on Bitcoin $BTC Elicits Cheers, Skepticism of Crypto Cred

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“Arguments have been made that ETFs, as well as bitcoin exchanges, ignore what some believe is the single most important feature of bitcoin, the ability to control their funds without the need to place trust in a third-party to manage the asset,” said Jim Iourio, managing director of TJM Institutional Services and a veteran futures and options trader. “This flies in the face of Bitcoin’s entire point of existence.” Original

President will step down and chief legal officer will become CEO

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Ryan Wyatt will be stepping down as president of Polygon Labs and moving into an advisory role after more than a year at the firm. In a July 7 announcement, Wyatt said he planned to leave Polygon at the end of July but would be staying in the crypto space by continuing to advise the firm. Polygon chief legal officer Marc Boiron — also the former chief legal officer of dYdX — will be stepping up as the company’s new CEO. Proud to start as CEO role at @0xPolygonLabs, reporting…