Former Celsius CEO Alex Mashinsky has officially relinquished all rights to assets associated with the defunct crypto lending platform, according to new court filings submitted in the ongoing Celsius bankruptcy proceedings.
The documents confirm that Mashinsky and several of his affiliated entities—AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC—will be excluded from any future distributions under the court-approved bankruptcy plan.
“All Claims asserted by, or scheduled by the Debtors on behalf of, (1) Mr. Mashinsky, (2) AMV, (3) Koala1, and (4) Koala3 are withdrawn, disallowed, and shall receive no distribution under the Plan,” the filing stated.
This legal resolution follows ongoing investigations and litigation tied to Celsius Network’s collapse, which left thousands of users with frozen funds after the platform filed for bankruptcy in July 2022.
The filing also emphasizes that the assets freed through the forfeiture will be reallocated to impacted customers and creditors—offering some relief to victims still seeking restitution.
Mashinsky has been the subject of multiple civil and criminal probes tied to Celsius’ operations, and this latest development marks a significant step in severing his financial interest from the company’s remaining estate.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ex-celsius-ceo-alex-mashinsky-forfeits-claims-in-bankruptcy-case/