Mashinsky Won’t Get Assets From Celsius Debtors

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Former Celsius CEO Alex Mashinsky has agreed not to claim any assets from the Celsius bankruptcy proceeds.

In a motion filed on Monday, the United States Bankruptcy Court for the Southern District of New York stated that an agreement has been reached between Celsius debtors and Alex Mashinsky, AM Ventures Holdings Inc., Koala1 LLC and Koala3 LLC that prohibits the distribution of proceeds from Celsius’ bankruptcy to the latter parties.

Source: Stretto

The agreement stipulates that Celsius debtors can distribute funds tied up due to claims made by…



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Mashinsky Won’t Get Assets From Celsius Debtors


Former Celsius CEO Alex Mashinsky has agreed not to claim any assets from the Celsius bankruptcy proceeds.

In a motion filed on Monday, the United States Bankruptcy Court for the Southern District of New York stated that an agreement has been reached between Celsius debtors and Alex Mashinsky, AM Ventures Holdings Inc., Koala1 LLC and Koala3 LLC that prohibits the distribution of proceeds from Celsius’ bankruptcy to the latter parties.

Source: Stretto

The agreement stipulates that Celsius debtors can distribute funds tied up due to claims made by…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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