ICYMI: SEC files lawsuit against Celsius and ex-CEO Alex Mashinsky
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The Securities and Exchange Commission has filed a lawsuit against bankrupt cryptocurrency lender Celsius and its former CEO Alex MashinskyConcurrent with the SEC's filing in the Southern District of New York, Mashinsky was also criminally charged.
Celsius, which was one of crypto's highest-profile implosions, filed for bankruptcy about a year ago as it owed billions of dollars to investors. At one point the crypto lender crypto lender held $30 billion in assets. A court-ordered bankruptcy examiner’sAllegedly saying one thing, doing another The SEC's civil suit documents multiple times that Mashinsky's public statements did not align with Celsius's business practices. That includes allegedly lending billions to other companies without any collateral despite repeatedly saying that Celsius did not do that.
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