Mashinsky faces seven criminal charges, including securities fraud, merchandise fraud and wire fraud, while former Celsius chief revenue officer Roni Cohen-Pavon was charged with four criminal charges.
alex mashinskyfounder and former CEO of insolvent cryptocurrency lender Celsius Network, he was arrested and charged with fraud, the Manhattan federal prosecutor said Thursday.
Mashinsky faces seven criminal charges, including securities fraud, merchandise fraud and wire fraud, while former Celsius chief revenue officer Roni Cohen-Pavon received four criminal charges, according to the indictment, which was released Thursday. Mashinsky did not immediately respond to a request for comment.
The Securities and Exchange Commission The US SEC also sued Mashinsky and Celsius on Thursday, according to a court filing, alleging that Mashinsky and Celsius raised billions of dollars through the sale of unregistered crypto assets and misled investors. about the financial success of your business.
The lawsuit is added to a series of legal resources against Celsius Networkwhich earlier this year was also sued by the New York attorney general.
The industry of cryptocurrencies It has been on shaky ground since SEC lawsuits against cryptocurrency exchanges Binance and Coinbase Global last month raised risks of further regulatory challenges for the sector.
What happened to Celsius?
Celsius Network was a company that offered interest-bearing products to customers who deposit cryptocurrency on its platform, and then lent cryptocurrency for a return. It manages about 12,000 million dollars. However, last year it declared bankruptcy and the impossibility of paying customers, which had a full impact on the cryptocurrency market.
Bankruptcy Celsius 2.jfif
Source: Ambito
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