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- 🚀 Gate Square “Gate Fun Token Challenge” is Live!
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If delivery is unavailable, th
The court prohibits Alex Mashinsky from claiming asset distribution from the Celsius bankruptcy case.
Gate News bot message, former Celsius CEO Alex Mashinsky has agreed not to claim any assets from the Celsius bankruptcy proceeds.
The bankruptcy court for the Southern District of New York stated in a motion submitted on Monday that the Celsius debtor has reached an agreement with Alex Mashinsky, AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC, prohibiting the distribution of Celsius bankruptcy proceeds to the latter.
The agreement stipulates that the debtors of Celsius can allocate the funds that were frozen due to claims made by Mashinsky and three related entities.
In addition, the court retains jurisdiction over all matters related to this case, but will not supplant the ongoing criminal proceedings.
Source: Cointelegraph