Official Unsecured Creditors Committee of Celsius posted on X platform stating that an agreement has been reached between Celsius debtors, the Official Unsecured Creditors Committee, and the US Southern District of New York Prosecutor's Office to suspend claims lawsuits against Alex Mashinsky, former CEO of Celsius, and other former high-level executives during Mashinsky's criminal trial. Federal prosecutors requested that the Official Unsecured Creditors Committee agree to suspend the litigation process to avoid any potential interference with Mashinsky's criminal trial.
The Southern District of New York Prosecutor's Office agreed to coordinate with the litigation administrator on the issue of asset recovery in the criminal case. The Official Unsecured Creditors Committee of Celsius supports swift enforcement and will refund the recovered funds to account holders.
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