FinancialAccountability

Celsius Investors Demand Harsh Consequences for Founder Alex Mashinsky Amid Legal Turmoil

1 month ago

In a growing wave of frustration, investors in the beleaguered cryptocurrency lending platform Celsius are rallying for stringent repercussions against its founder, Alex Mashinsky. As the company navigates the treacherous waters of bankruptcy proceedings, sentiments among investors have reached a boiling point. They are calling for punitive measures that reflect both the magnitude of financial losses suffered and allegations of misconduct associated with the firm’s collapse.

OKX Fined $500 Million Following Guilty Plea for Crypto-Related Crimes

3 months ago

OKX, one of the leading cryptocurrency exchanges, has agreed to pay a hefty sum of $500 million after pleading guilty to serious charges involving illicit cryptocurrency transactions. This monumental decision marks a pivotal moment in the ongoing battle against financial misconduct in the cryptocurrency landscape.

Sam Trabucco, Former Alameda CEO, Surrenders Luxurious Assets to FTX Creditors

7 months ago

In a significant development following the collapse of FTX, Sam Trabucco, the former CEO of Alameda Research, has relinquished high-value assets including a luxury yacht and several premium apartments as part of the ongoing efforts to recover funds for FTX creditors. This forfeiture highlights the far-reaching implications of the crypto exchange's downfall and the accountability officials are now facing.