The former CEO of bankrupt crypto lender Celsius Network Ltd., Alex Mashinsky, has been charged with fraud by the U.S. Department of Justice (DoJ) and sued by three regulatory agencies over the company’s collapse.
Apart from the DoJ, Celsius and Mashinsky are also facing a barrage of lawsuits and allegations from various U.S. agencies, including the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Federal Trade Commission (FTC).
In January 2023, Letitia James, the New York Attorney General, filed a lawsuit against Mashinsky, the platform’s founder.
The lawsuit alleged that Mashinsky had misled investors regarding the company’s financial well-being before the…
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