DeFI News by Thebittimes.Com

Celsius founder Alex Mashinsky will reportedly see out his 12-year prison sentence in a facility that was once described by Forbes as “Bernie Madoff’s desired retirement home.” The FCI Otisville facility, located in the State of New York, is divided into a minimum security camp and a medium security prison. Judge John Koeltl sentenced Mashinsky for fraud relating to the manipulation of Celsius’s token and recommended that he go to the FCI Otisville Camp. Otisville has previously been home to the likes of Donald Trump’s former lawyer, Michael Cohen, Fyre Festival creator, Billy McFarland, and Kenneth I. Starr, the former financial advisor to Al Pacino and Martin Scorsese. The facility was also listed as one of the top 10 cushiest prisons in America by Forbes in 2009, with the outlet noting that it’s often requested by Jewish convicts due to the facility’s access to a rabbi and kosher food. It’s even referenced in the hit show Succession as a “ Jewish prison .” ...

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Celsius Network Co-founder Daniel Leon has resigned, the network announced today. JUST IN: Bankrupt #crypto lender Celsius Network co-founder Daniel Leon has resigned. — Watcher.Guru (@WatcherGuru) October 4, 2022 “We confirm that Daniel Leon resigned from his position at Celsius and is no longer part of the organization,” the company said in a statement Tuesday to Bloomberg News. This news comes a week after the company’s CEO, Alex Mashinsky, also stepped down from his position. Mashinsky had just begun plans for revitalizing Celsius Network after its bankruptcy filing in July 2022. However, those plans may be The crypto lending network filed bankruptcy back in July. Celsius Network disclosed a $1.19 billion deficit at the time of filing. Additionally, reports suggest that the company will put up its assets for auction on Oct. 20. A sale hearing is scheduled for Nov. 1. Source: Coincu News Leon, whose LinkedIn profile says he is...