Celsius co-founder and former CEO Alex Mashinsky was arrested on Thursday after an investigation into the bankrupt lender’s collapse.
Alex Mashinsky, co-founder and former CEO of the insolvent cryptocurrency lender Celsius Network was arrested on Thursday according to a US Department of Justice (DOJ) indictment.
Mashinsky and others have been charged with seven counts, including securities, commodities, and wire fraud, and a conspiracy charge to manipulate $CEL, Celsius’ native token, Bloomberg reports.
SEC, CFTC, and FTC File Lawsuits Against Mashinsky
The DOJ’s indictment is accompanied by separate lawsuits by the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC) against the company and Mashinsky.
Celsius filed for Chapter 11 bankruptcy in July 2022, and the Fahrenheit consortium recently won a bid to acquire the lender’s assets.
DOJ: Mashinsky Misled Investors for Years
The Department of Justice accused
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