PANews August 1 news, UK Cel AI announced plans to delist from the London Stock Exchange (LSE) on September 1 and move to the Aquis Stock Exchange (AQSE) growth market to "unlock the flexibility to execute the Bitcoin reserve strategy." Currently, the company has sold 3.42 Bitcoins, holding a total of 5.28 Bitcoins, and plans to continue increasing its holdings after the transition to AQSE.

Gate News bot news, the UK Crypto Assets platform Ziglu (founded by Mark Hipperson) has announced bankruptcy and entered special administration. On July 7, after Ziglu reported losses of up to £24 million (which included £4 million lost due to the collapse of Celsius Network), RSM Restructuring Advisory was appointed as the court administrator.

PANews July 8 news, according to an official announcement, the UK listed company Cel AI today announced that it has spent approximately $274,000 to increase its holdings by 2.52 BTC. After this purchase, the total amount of Bitcoin held by the company has reached 8.70 coins.

Gate News bot message, British listed company Cel AI PLC (LSE: CLAI) has completed a £10 million financing through a targeted placement and subscription. This financing involves the issuance of 5 billion new ordinary shares at a price of 0.2 pence per share. The plan will officially take effect after being approved at the shareholders' meeting on July 17. The funds raised will be used to purchase BTC and support.

PANews June 30 news, according to the official announcement, UK listed company Cel AI has raised £10 million (approximately $13.7 million) to purchase Bitcoin and launch its Bitcoin reserve strategy, which is pending approval at the shareholders' meeting on July 17.

BlockBeats news, on June 28, British artificial intelligence company Cel AI plans to raise at least £7.5 million (about $10.3 million) through an accelerated bookbuild to purchase Bitcoin as part of its recently announced Bitcoin treasury reserve strategy.

Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison for Crypto Assets fraud and must report to prison by September 12. Prosecutors stated that he orchestrated the largest fraud in the encryption industry and faced a potential 20-year sentence.

According to Gate.io News bot and Bloomberg, Alex Mashinsky, the founder of the Crypto Assets lending platform Celsius Network, has recently been sentenced to 12 years in prison. Mashinsky engaged in cryptocurrency fraud during his tenure at Celsius Network. Previously, Celsius Network filed for bankruptcy protection in July 2022, with the platform having over 1.8 million users and managing assets totaling $12 billion. Bloomberg reported that, in addition to serving his sentence, Mashinsky must also pay fines and forfeit illegal gains.

According to news from the Gate.io News bot and a report by Cointelegraph, Celsius founder Alex Mashinsky has expressed objections to the 20-year prison sentence proposed by the U.S. Department of Justice. Mashinsky admitted in December 2024 to charges of commodity fraud and manipulating the price of the CEL Token, having made $48 million in profits by selling tokens prior to the collapse of Celsius. On May 5, his legal team submitted a response memorandum to the New York District Court, requesting to reduce the sentence to less than 366 days. The legal team pointed out that Mashinsky, as a first-time non-violent offender, has a flawless business record spanning 30 years.

The founder of Celsius is accused of fraud and manipulating token prices, facing 20 years in prison, which has sparked strong dissatisfaction. Alex Mashinsky is alleged to have earned 48 million USD in 2024 from the case and is currently requesting a sentence reduction to within 366 days. He admitted to the crime before Celsius filed for bankruptcy, with the case involving 4.7 billion USD in debt and losses for hundreds of thousands of users.