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Founder of failed crypto lending platform Celsius Network arrested on fraud charges

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network was freed on $40 million bail Thursday after pleading not guilty to federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business. Alexander Mashinsky, 57, of Manhattan, was charged with securities, commodities and wire fraud in an indictment unsealed in Manhattan federal court. Mashinsky left the court without commenting after an attorney, Benjamin
Celsius Network Associated Press
Source: aol.com

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Celsius Network and its former CEO are probably not having a good day

Earlier today, the now-bankrupt crypto lending firm Celsius Network and its former CEO and co-founder Alex Mashinsky faced several lawsuits from three separate American entities: The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC). Bloomberg also reported that Mashinsky was arrested and charged with fraud today, a person familiar with the matter said. Mashinsky and Celsius’ chief revenue officer, Roni ...
United States Maria Shen Alex Mashinsky Roni Cohen Pavon Celsius Network Commodity Futures Trading Commission
Source: yahoo.com

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