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Celsius CEO Mashinsky Sentenced To 12 Years in Multi-Billion-Dollar Crypto Fraud Case

1 hour 22 minutes ago
Alexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud, a dramatic fall for the leader of a company once hailed as the "bank" of the crypto industry. From a report: Standing before U.S. District Judge John G. Koeltl in Manhattan's Southern District, Mashinsky faced the consequences of what prosecutors described as a sweeping scheme to defraud investors. In December he pleaded guilty to commodities fraud and a scheme to manipulate the Celsius token. His sentencing took place in courtroom 14A at 500 Pearl Street -- a venue that has seen several crypto executives-turned-felons. Mashinsky's legal troubles began in 2023 when he was arrested on charges of securities, commodities, and wire fraud, just as Celsius reached a $4.7 billion settlement with the Federal Trade Commission -- one of the largest in the FTC's history.

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NOAA Retires Extreme Weather Database

3 hours 22 minutes ago
An anonymous reader quotes a report from CNN: The National Oceanic and Atmospheric Administration announced Thursday its well-known "billion-dollar weather and climate disasters" database "will be retired," a move that will make it next to impossible for the public to track the cost of extreme weather and climate events. The weather, climate and oceans agency is also ending other products, it has recently announced, due in large part to staffing reductions. NOAA is narrowing the array of services it provides, with climate-related programs scrutinized especially closely. The disasters database, which will be archived but no longer updated beyond 2024, has allowed taxpayers, media and researchers to track the cost of natural disasters -- spanning extreme events from hurricanes to hailstorms -- since 1980. Its discontinuation is another Trump-administration blow to the public's view into how fossil fuel pollution is changing the world around them and making extreme weather more costly. [...] The database vacuums loss information from throughout the insurance industry, among other public and private sources. According to the database, there were 403 weather and climate disasters totally at least $1 billion in the United States since 1980, totaling more than $2.945 trillion. As of April 8, there had not been any confirmed billion-dollar disasters so far in 2025, but it lists four events as having the potential to make the tally, including the Los Angeles-area wildfires in January. Between 1980 and 2024, there were nine such disasters on average each year, though in the past five years, that annual average has jumped to 24. The record for one year was 28 events in 2023. "What makes this resource uniquely valuable is not just its standardized methodology across decades, but the fact that it draws from proprietary and non-public data sources (such as reinsurance loss estimates, localized government reports, and private claims databases) that are otherwise inaccessible to most researchers," Jeremy Porter, head of climate implications for and co-founder of First Street, a climate risk financial modeling firm, told CNN via email. "Without it, replicating or extending damage trend analyses, especially at regional scales or across hazard types, is nearly impossible without significant funding or institutional access to commercial catastrophe models."

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