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SPECIAL REPORT: Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender

SPECIAL REPORT: Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender

FromCoinDesk Podcast Network


SPECIAL REPORT: Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender

FromCoinDesk Podcast Network

ratings:
Length:
4 minutes
Released:
Jul 13, 2023
Format:
Podcast episode

Description

According to the U.S. Department of Justice (DOJ) Alex Mashinsky, the esteemed co-founder and former CEO of the now-defunct crypto lender Celsius, was apprehended in New York on Thursday. This arrest stems from a meticulous investigation into the intricate circumstances surrounding the company's unfortunate collapse.Link to the Full Story: Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto LenderMashinsky, alongside his co-defendants, faces a comprehensive set of allegations encompassing seven charges, including securities fraud, commodities fraud, wire fraud, and conspiracy to manipulate the price of Celsius' token CEL, as outlined in a meticulously prepared indictment by the U.S. Department of Justice (DOJ). The weight of these accusations is further emphasized by the simultaneous filing of multiple independent lawsuits against Mashinsky and Celsius by prominent regulatory bodies such as the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC).Credits:  Wondercraft Voice AI and CoinDesk crypto regulation and policy reporter Sandali Handagama.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 13, 2023
Format:
Podcast episode

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