According to the ruling of the Southern District Bankruptcy Court in New York, former Celsius CEO Alex Mashinsky and related entities will no longer participate in the distribution of Celsius's bankruptcy assets. The court has decided to prioritize the return of funds to creditors, and Mashinsky and AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC have agreed to waive their claims against Celsius's bankruptcy assets. As of now, Celsius creditors have accumulated claims exceeding $1 billion. Previously, Alex Mashinsky was sentenced to 12 years in prison for cryptocurrency fraud. （Cointelegraph） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44116