Ex-Celsius CEO Alex Mashinsky's Bail Set at $40M, Travel Restricted
The founder of the bankrupt crypto lender has pleaded not guilty to charges including fraud and manipulation of the CEL token.
Bail for Alexander Mashinsky, founder and former chief executive of bankrupt crypto lender Celsius, has been set at $40 million by a U.S. District Judge after he was arrested Thursday on charges of fraud.
Mashinsky pleaded not guilty to seven counts, relating to misleading investors and manipulating the price of his CEL token after being arrested on Thursday, the court document said.
Mashinsky will be restricted from traveling and cannot open new bank or crypto accounts under the deal. His wife will sign the bond, while the other co-signee has not yet been identified, court documents revealed. The bond will also be secured by a financial claim on his New York City home and bank account.
The coordinated action against Mashinsky and other executives was announced by the Department of Justice, Federal Trade Commission and federal securities and commodities regulators on Thursday.
Lawyers for Mashinsky told CoinDesk via email that he "vehemently denies the allegations brought” and that "he looks forward to vigorously defending himself in court against these baseless charges."
Read more: Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender
Plus pour vous
Protocol Research: GoPlus Security

Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Plus pour vous
Citadel Securities and DeFi Waging War of Words Through SEC Correspondence

The investing giant had asked the U.S. Securities and Exchange Commission to treat DeFi players like regulated entities, and the DeFi crowd pushed back.
Ce qu'il:
- A feud conducted over U.S. Securities and Exchange Commission (SEC) correspondence has developed between Citadel Securities and the DeFi sector, arguing over whether DeFi protocols should be more regulated.
- The DeFi space is calling out the investment firm for its approach to the securities regulator.











