Former CEO of crypto -savings platform Celsius arrested - complaint of the SEC

Former CEO of crypto -savings platform Celsius arrested - complaint of the SEC
Alex Mashinsky, the former CEO of the failed crypto-savings platform Celsius, was arrested on July 13th. The US stock exchange supervision SEC has filed a lawsuit against the crypto company, and the arrest of the former Celsius boss is followed by investigations against the company. The US Ministry of Justice in particular charges charges such as fraud and market manipulation against Mashinsky.
According to Bloomberg, which refers to internal sources, the examination of the crypto company showed serious violations of laws and regulations. Mashinsky is accused of violating several US regulations before the company collapsed in 2022.
The investigation against the former Celsius CEO began after the New York general prosecutor's office in Mashinsky sued in January. The lawsuit claims that the former CEO investors deliberately deceived and caused losses in billions of bills.
In June last year, there were problems for Celsius when the crypto loan suddenly stopped with-the-platform on the platform. Subsequently, securities supervisory authorities from five different US states opened an investigation against the company, and within one month the platform registered bankruptcy.
It is expected that Alex Mashinsky is imminent in prison when he is convicted.