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On August 16, US Department of Justice (DoJ) prosecutors filed a sealed order to freeze Alex Mashinsky’s business accounts and a Texas property co-owned by Kristine Mashinsky, the defendant’s spouse.. As a result, bank accounts and properties owned by Mashinsky have been frozen as part of a criminal investigation involving the former CEO of Celsius. The freeze affected four of Mashinsky’s accounts at Goldman Sachs, registered under the company name Koala LLC, and three accounts from SoFi Bank, SoFi Securities, and First Republic. Additionally, another account held under the name AM Ventures at Merrill Lynch was frozen, as stated in a court order signed by Judge Jed Rakoff of the Southern District of New York. You might also like: Ex-Celsius CEO must respond to NY lawsuit According to the DOJ’s indictment against Mashinsky on July 13, the former Celsius CEO orchestrated a defraud customers through false claims about the company’s financial health.  ...

Druk Holding and Investments CEO Ujjwal Deep Dahal said in a Forbes statement that the issue is confidential and the matter with BlockFi has already been settled. The Kingdom of Bhutan’s sovereign investment arm, estimated to manage around $2.9 billion in assets, has placed millions of dollars in crypto currencies and was a customer of bankrupt crypto firms BlockFi and Celsius. Druk Holding and Investments (DHI), a commercial arm of the royal government of Bhutan, has grown a crypto portfolio without disclosing it to the public, according to a report released by Forbes. The funds were brought to light following the crypto contagion in 2022 when companies like Celsius and BlockFi filed for bankruptcy. User Deposit and Withdrawal - 90 Day - Source: Celsius SoFA Shout out to those who were able to Chapter 7 liquidate themselves at 100 cents on the dollar pic.twitter.com/nTdIVFrBXq — Celsius Loans (@CelsiusLoans) February 20, 2023 According to the report, a Celsius filing sh...