Alex Mashinsky arrested

Author

Jay Lutz
July 13, 2023

Sponsored by Trillion Energy

Alex Mashinsky arrested

Things are coming full circle for the former CEO of insolvent crypto lender Celsius, Alex Mashinsky, as he was reportedly arrested on July 13 following an investigation into the company’s collapse, according to Bloomberg’s sources.

Celsius had filed for bankruptcy on July 14 of the previous year, and its assets were recently acquired by crypto consortium Fahrenheit.

The U.S. Securities and Exchange Commission (SEC) has also filed a lawsuit accusing Mashinsky of securities fraud. The lawsuit was filed on Thursday morning in federal court in Manhattan, but detailed information about the complaint is not yet available.

You can read more on the matter here.

Trillion Energy is focused on natural gas production for Europe and Turkey with natural gas assets in Turkiye. The company is 49% owner of the SASB natural gas field, one of the Black Sea’s first natural gas development projects; and holds a 19.6% (except three wells with 9.8%) interest in the Cendere oil field onshore in Turkiye.

What’s going on?

  • ChatGPT Facing FTC Probe Over False Information Allegations (theDeepDive)

  • New Study Shows People Are Increasingly Interested In EVs, They’re Just Not Buying (theDeepDive)

  • US Jobless Claims Dip to 237,000 as Labor Market Stays Resilient (Bloomberg)

  • ‘Barbie’ Movie Banned In Vietnam For Wading Into Disputed Waters With Map Depiction (theDeepDive)

  • Nearly 100 US lawmakers urge EPA to finalize tougher vehicle emissions cuts (Reuters)

  • Tesla’s Special Secret Project Might Actually Be Elon Musk’s Future Glass House, Report Says (theDeepDive)

  • Elizabeth Holmes Quietly Gets Two Years Off Her Sentence (theDeepDive)

  • US FDA reviewing concerns over Logan Paul's PRIME energy drink (Reuters)

  • Elon Musk Unveils xAI, His Answer to the ChatGPT AI Revolution (theDeepDive)

  • OceanGate Is Selling One Of Its Submarines (theDeepDive)

High-grade copper exploration?

The stock market and stuff

  • World-Beating Pepsi Bottler May Keep Rallying After Gaining Almost 1,000% (Bloomberg)

  • DevvStream Looks To Move To Nasdaq Exchange Via SPAC Transaction (theDeepDive)

  • AI Drug Discovery Firm Recursion Surges Following $50 Million Nvidia Investment (Bloomberg)

  • Exxon to buy Denbury for $89.45/share in all-stock deal (SA)

In the juniors

  • Sterling Metals Begins Exploration At Adeline, Drilling To Target Copper-Silver Prospect (theDeepDive)

  • Aris Mining Receives Approval For Marmato Lower Mine Expansion (theDeepDive)

  • iPower drops 14%, enters partnership with LTMATE Global (SA)

FULL DISCLOSURE: Trillion Energy is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Trillion Energy. The author has been compensated to cover Trillion Energy on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.