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US authorities arrest, indict Israeli-American ex-CEO of major crypto firm Celsius
Alex Mashinsky accused by Justice Department of operating ‘a years long scheme to mislead customers,’ faces slew of other lawsuits a year after company filed for bankruptcy
Alex Mashinsky, the co-founder and former CEO of Celsius Network, a now-bankrupt cryptocurrency lending platform that had millions of users as well as offices in Israel, was arrested Thursday and indicted as part of a US Justice Department investigation into the firm’s downfall.
Mashinsky and the firm’s chief revenue officer, Roni Cohen-Pavon, who was also arrested Thursday, are accused by federal authorities of securities fraud, commodities fraud, wire fraud and conspiracy to manipulate the price of the company’s token, CEL, the Justice Department said.
In June 2022, Celsius Network suspended all withdrawals and transfers between accounts in a move that sent a chill across the digital currency industry. A month later, the company filed for bankruptcy, saying it was seeking to restructure in a way that would maximize value for all stakeholders, and that it had $167 million of cash available to meet urgent needs in the meantime…
https://www.timesofisrael.com/us-authorities-arrest-indict-israeli-american-ex-ceo-of-major-crypto-firm-celsius/
a well-programmed minion is better than 100 FBI agents