Mashinsky has forfeited all claims related to the Celsius bankruptcy, permitting more equitable asset distribution. The company has already disbursed over 2.5 billion USD to creditors in 2024, while Mashinsky has been sentenced to 12 years in prison for fraud.
Celsius filed for bankruptcy in July 2022 amid a liquidity crisis. Following legal proceedings, the court has retained jurisdiction to oversee the equitable distribution of remaining assets, ensuring that creditors receive their due.
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