The former chief executive officer of bankrupt crypto lender Celsius Network Ltd. was arrested and charged with fraud by US authorities following a probe into the companys collapse.
Mashinsky was charged with fraud and attempting to manipulate crypto currencies in federal court in New York Thursday. The Securities and Exchange Commission and the Commodity Futures Trading Commission also filed lawsuits against Mashinsky and the company.
Prosecutors claim that from 2018 through June 2022, Mashinsky orchestrated a scheme to defraud customers of Celsius Network LLC and its related entities, according to the indictment unsealed Thursday.
Celsius was one of several high-profile crypto firms that imploded last year. The comp…
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