PANews June 30 news, according to the official announcement, UK listed company Cel AI has raised £10 million (approximately $13.7 million) to purchase Bitcoin and launch its Bitcoin reserve strategy, which is pending approval at the shareholders' meeting on July 17.

Jin10 reported on May 5 that Softcom Power announced in the evening that its shareholder CEL Bravo Limited, holding 8.69% of the shares, intends to reduce its holdings of the company's shares by no more than 9.5294 million shares (accounting for 1.00% of the company's total share capital) through centralized bidding trading within three months after 15 trading days from the date of this announcement.

Former CEO Alex Mashinsky of Celsius is facing criminal charges, including commodity fraud and manipulation of Token prices. The motion to dismiss the charges was rejected by the judge, and the trial is scheduled to begin in 2025.

BlockBeats news, on June 28, British artificial intelligence company Cel AI plans to raise at least £7.5 million (about $10.3 million) through an accelerated bookbuild to purchase Bitcoin as part of its recently announced Bitcoin treasury reserve strategy.

Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison for Crypto Assets fraud and must report to prison by September 12. Prosecutors stated that he orchestrated the largest fraud in the encryption industry and faced a potential 20-year sentence.

The founder of Celsius is accused of fraud and manipulating token prices, facing 20 years in prison, which has sparked strong dissatisfaction. Alex Mashinsky is alleged to have earned 48 million USD in 2024 from the case and is currently requesting a sentence reduction to within 366 days. He admitted to the crime before Celsius filed for bankruptcy, with the case involving 4.7 billion USD in debt and losses for hundreds of thousands of users.

U.S. federal prosecutors have charged Celsius Network founder Alex Mashinsky, submitting 200 victim statements, alleging he engaged in commodity and securities fraud. Mashinsky has pleaded guilty and could face 30 years in prison. Victims are seeking the maximum sentence, while the defense team is requesting no more than 366 days of incarceration. Sentencing will be announced on May 8.

ChainCatcher News, Celsius Network filed an appeal on December 31 against Judge John Dorsey's decision to dismiss their $2 billion defamation claim against FTX. The appeal is currently scheduled for a hearing in the district court, marking the latest development in the ongoing legal battle between the two embattled cryptocurrency companies. This appeal arises from Celsius' claim that defamatory statements made by senior executives, employees and affiliated companies of FTX have had a negative impact on its reputation and financial health, accelerating its bankruptcy in July 2022. Celsius believes that FTX's public statements have weakened customers' confidence in its services, leading to a withdrawal of funds by customers and ultimately driving the platform towards bankruptcy. According to court documents, Celsius

The trial of Alex Mashinsky, founder and former CEO of Celsius Network, has been postponed until January next year, and another defendant in the 2019 financial fraud case, Roni Cohen-Pavon, was convicted last year. Alex Mashinsky's trial will begin on January 28, 2025.

Celsius Network has made a second payment in the bankruptcy proceedings, distributing $127 million to eligible creditors, mainly in the form of liquid encryption assets. This payment raises the total recovery rate to 60.4%. The payment covers various categories of creditors, and the former CEO will stand trial with a jury in 2025.

Celsius former CEO Mashinsky and the prosecutor will appear in court on November 13th to address motions to dismiss certain charges in the indictment. Mashinsky was arrested on charges of commodity fraud and market manipulation. The hearing is scheduled for November 13th, and the trial is set to begin on January 28th next year.