SEC files lawsuit against Celsius and ex-CEO Alex Mashinsky
The U.S. Securities and Exchange Commission has filed a lawsuit against bankrupt cryptocurrency lender Celsius and its former CEO Alex Mashinsky in federal court, according to court documents.
The SEC accused Celsius and Mashinsky of raising billions through fraudulent and unregistered sales of “crypto asset securities,” repeatedly lying to investors about Celsius’s financial standing, and manipulating the price of CEL, the company’s native token.
Investigators at the Commodity Futures Trading Commission recently concluded that Celsius and Mashinsky broke U.S. rules before the firm collapsed.
This story is breaking and will be updated.
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Author: RT Watson
