In a landmark decision, Chief United States Bankruptcy Judge Martin Glenn has denied former Celsius CEO Alex Mashinsky any claims to bankruptcy proceeds linked to the collapsed crypto lending platform. The court’s order, finalized on June 16, 2025, rejected all claims submitted by Mashinsky and his business affiliates. This ruling marks a significant moment for creditors, who now await the outcome of the bankruptcy process. Clarity emerges as the court aims to uphold creditor rights, reinforcing the need for responsible management practices in the crypto space. This development exemplifies the ongoing challenges faced by crypto companies during turbulent times, urging stakeholders to remain vigilant and informed.