According to Bloomberg, Alex Mashinsky was charged with fraud and attempted manipulation of cryptocurrency in a federal court in New York. The SEC and CFTC filed a lawsuit against Celsius Network and Alex Mashinsky. According to the indictment released on Thursday, prosecutors claimed that from 2018 to June 2022, Alex Mashinsky "planned a fraud scheme to defraud customers of Celsius Network LLC and its related entities."
According to a previous report by Bloomberg, the U.S. SEC filed a lawsuit against Celsius Network and its former CEO Alex Mashinsky in the Manhattan Federal Court on Thursday.
Alex Mashinsky was arrested Thursday morning in connection with the company's bankruptcy investigation, according to people familiar with the matter.
