Bankrupt digital currency lender Celsius Network has reached settlements that could allow it to return customer assets, the Wall Street Journal reported on July 21. All being well, customers who saw their funds locked on Celsius Network when it went under last year could see what’s rightfully theirs before the end of the year. Cerlsius CEO Alex Mashinsky faces fraud, market manipulation chargesThe hopeful news for Celsius’ Network victims comes on the heels of the arrest of its CEO, Alex Mashinsky. Additional accusations in a case brought by federal prosecutors in Manhattan alleged that Celsius Network misused customer funds to manipulate the price of CEL tokens upwards before unloading its stash on unsuspecting speculators. Will the true promise of Bitcoin take root in the chaos of the past two years and finally flower to usher in a new era in the digital currency industry?

Source: Wall Street Journal July 25, 2023 19:05 UTC