Former Celsius CEO faces securities fraud charges; crypto platform to pay billions in FTC settlement ...Middle East

The Hill - Technology

Alex Mashinsky, former CEO of the failed cryptocurrency lending platform Celsius Network, was arrested Thursday on federal securities fraud charges. In an indictment unsealed Thursday by federal prosecutors, Mashinsky faces seven counts of fraud. Roni Cohen-Pavon, Celsius's former chief revenue officer, is charged as a co-conspirator, according to the Justice Department. Federal prosecutors allege Mashinsky falsely portrayed Celsius as a safe and secure institution, leading Celsius's customer base to grow exponentially, with many retail investors rather than large institutions. The U.S. Attorney's Office for the Southern District of New York said the company went on to become one

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Last updated : 13 July 2023 clock 08:32 PM

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Former Celsius CEO faces securities fraud charges; crypto platform to pay billions in FTC settlement ...Middle East

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