Anna has been a freelance writer for more than a decade. In that time, she's covered everything from electronics to esports, from marketing to magic. Her tech and entertainment reporting has appeared on Ars Technica, Mashable, Digital Trends, and more. She especially loves playing, making, and geeking out over video games.
Former cryptocurrency leader Alex Mashinsky has pleaded guilty to two fraud charges . The founder and CEO of Celsius Network wason seven criminal counts in 2023, including charges of fraud, conspiracy and market manipulation . He entered a not guilty plea at the time, but in a hearing today, Mashinsky pled guilty to two of those original counts. The first is commodities fraud and the second is a fraudulent scheme to manipulate the price of his company's in-house crypto token CEL.
Mashinsky's case is one of several fraud cases being pursued against leaders of cryptocurrency operations. The most well-publicized charges are those brought against FTX founderNational agencies began a push into fraud charges for cryptocurrency schemes in 2022, when several notable companies filed for bankruptcy as token prices plummeted in response to rising interest rates and high inflation.
Celsius Network Fraud Charges Market Manipulation Commodities Fraud Criminal Counts Fraud Cases Mashinsky
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