Alex Mashinsky, the founder of Celsius Network, announced his intention to plead guilty to two fraud charges. He is accused of manipulating the Cel token and committing fraud with commodity assets. Prosecutors claim that he misled clients and inflated the token's value, earning around $42 million from its sale. Celsius went bankrupt in 2022 after mass withdrawals in the wake of falling cryptocurrency prices.
12/4/2024 1:11:07 PM (GMT+1)
Alex Mashinsky, the founder of Celsius Network, pleads guilty to two out of seven fraud charges and Cel token manipulations, earning $42 million 💼
277
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Franklin Templeton launches an ETF tracking the price of the cryptocurrency XRP, reflecting the growing interest in digital assets and expanding opportunities for investors
Senator Tim Scott proposes a bill to exclude "reputational risk" in banking regulations, with the goal of stopping the de-banking of cryptocurrency companies and legal businesses
The IMF demands that El Salvador stop purchasing Bitcoin by the government sector as part of a $1.4 billion agreement to reduce financial risks and regulate cryptocurrency
Turkish bank BankPozitif is launching a cryptocurrency custody service in partnership with Taurus, having received a license from the Turkish Securities and Exchange Commission for the safe custody of digital assets
President Trump signed an order to create the Strategic Bitcoin Reserve and the National Digital Asset Reserve to strengthen the U.S. position in managing cryptocurrencies
The European Central Bank (ECB) plans to release the digital euro by October 2025, despite doubts from lawmakers due to the recent failure in the Target 2 system
Ripple receives the first regional license from the Dubai Financial Services Authority to provide regulated crypto payments and services in the Dubai International Financial Centre
