The former CEO of Celsius, Alex Mashinsky, is sufficient for a defense request to respond to the NYAG complaint

Veröffentlicht:

Von: Krypto News Österreich

Der Gründer von Celsius Network, Alex Mashinsky – der beschuldigt wurde, Investoren um Milliarden von Dollar in Krypto betrogen zu haben, indem er die schlechte Gesundheit seiner jetzt bankrotten Kreditplattform verschwiegen hat – hat eine Antwort eingereicht, in der er versucht, die Klage des Staates New York gegen ihn abzuweisen. Die Beschwerde wurde im Januar von der New Yorker Generalstaatsanwältin Letitia James eingereicht. Es wurde behauptet, dass Mashinsky darauf bestand, Celsius als sichere Alternative zu Banken zu bewerben, aber die Benutzer müssten Zinsen in Höhe von bis zu 17 % auf Einlagen zahlen. Die Zivilklage zielt darauf ab, dem leitenden …
The founder of Celsius Network, Alex Mashinsky - who was accused of having cheated investors by billions of dollars in crypto by having kept the bad health of his now bankrupt credit platform - has submitted an answer in which he tried to reject the lawsuit of the state of New York against him. The complaint was submitted in January by the New York Attorney General Letitia James. It was claimed that Mashinsky insisted that Celsius was promoted as a safe alternative to banks, but users would have to pay interest of up to 17 % on deposits. The civil lawsuit aims at the leading ... (Symbolbild/KNAT)

The founder of Celsius Network, Alex Mashinsky - who was accused of cheating investors by billions of dollars from dollars in crypto by concealing the bad health of his now bankrupt credit platform - an answer in which he tried to reject the New York State against him.

The complaint was submitted in January by the New York general prosecutor Letitia James. It was claimed that Mashinsky insisted that Celsius was promoted as a safe alternative to banks, but users would have to pay interest of up to 17 % on deposits.

The civil claim aims to prohibit the leading employee in the state of New York and to force him to pay compensation for violations of laws such as the State of Martin Act, which NYAG gives far -reaching powers to pursue cases of securities fraud.

Mashinsky's answer

In a newly submitted request for defense, the 57-year-old Mashinsky argued that the complaint “misinformation” written by NYAG about him and Celsius Network “re-appealed” and “unfounded conclusions of others”. The former manager added that the civil lawsuit against him showed "a fundamental misunderstanding" of the business of the lender and his role.

In the file, NYAG was accused of incorrectly attributable to Celsius' losses to the alleged false information to Mashinsky. It was claimed that the company's fall to a liquidity crisis and circumstances that were outside the control of the managing director (and by Celsius).

In the answer, James' complaint of the "raisin picking" of fragments of statements and sound bites without a broader context and contested claims that Celsius has offered securities or warning services further.

messy records

The latest development takes place in the middle of an auction, in which bidders therefore compete to take over Celsius' business. The leading crypto exchanges Coinbase and Gemini have joined the bidder race.

The competitive lender was also accused of bad records and blatant defects in his internal systems. As a result, Celsius tried to consolidate his company Celsius Network Limited (CNL) and his company Celsius Network (LLC) based in the United States in Great Britain.

.