Celsius And Founder Alex Mashinsky Defraud Investors Of Billions, SEC Filed In Manhattan

The New York Attorney General and the CFTC accused Alex Mashinky’s Celsius of rule-breaking. ‘ A court-appointed examiner said the trouble crypto firm operated similarly to a pyramid scheme. Court documents also show that CEO Alex Mashinsky and other executives withdrew millions from the company leading up to the crash in 2022. The SEC is on a marauding crackdown with lawsuits against other entities like Binance and Coinbase. Bankrupt crypto firm Celsius and founder Alex Mashinsky are being sued by