SEC sues Celsius Network and CEO Alex Mashinsky for fraud and securities violations

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Die SEC (US Securities and Exchange Commission) hat Klage gegen den Krypto-Kreditgeber Celsius Network und seinen ehemaligen CEO, Alex Mashinsky, eingereicht. Den beiden wird vorgeworfen, an vier Fällen von Betrug und einem Fall von Wertpapierverstößen beteiligt zu sein. Vor dem Zusammenbruch im letzten Sommer bot Celsius Network über sein „Earn Interest Program“ den Nutzern hohe Zinssätze für Einlagen in ungenutzte Kryptowährungen an. Das Programm wurde als sichere Investition mit hoher Rendite beworben. Die SEC behauptet nun, dass Celsius und Mashinsky das zentrale Geschäftsmodell von Celsius falsch dargestellt haben. Sie sollen angegeben haben, dass das Unternehmen keine unbesicherten Kredite vergibt, keine …
The SEC (US Securities and Exchange Commission) has filed a lawsuit against the crypto loan Celsius Network and his former CEO, Alex Mashinsky. The two are accused of being involved in four cases of fraud and a case of securities violations. Before the collapse last summer, Celsius Network offered the users high interest rates for deposits in unused cryptocurrencies. The program was advertised as a secure investment with a high return. The SEC now claims that Celsius and Mashinsky have incorrectly portrayed Celsius' central business model. You should have stated that the company does not award any insecuated loans, no ... (Symbolbild/KNAT)

The Sec (US Securities and Exchange Commission) filed a lawsuit against the crypto loan Celsius Network and his former CEO, Alex Mashinsky. The two are accused of being involved in four cases of fraud and a case of securities violations.

Before the collapse last summer, Celsius Network offered the users high interest rates for deposits in unused cryptocurrencies. The program was advertised as a secure investment with a high return.

The SEC now claims that Celsius and Mashinsky have incorrectly portrayed Celsius' central business model. They are said to have stated that the company does not award unsecured loans, do not do risky business and that the interest paid to investors make up 80 % of the interest rate. According to the indictment, these claims were wrong and were withheld from the investors before Celsius registered bankruptcy in July 2022.

The SEC now demands that Mashinsky are prohibited from buying or selling cryptocurrencies and that it must repay all the earnings in the form of advantages that result from the alleged illegal behavior. In addition, civil punishments are to be determined.

The CFTC (US Commodity Futures Trading Commission) also consider measures against Mashinsky and accuses him of having deceived investors. It is also argued that he should have registered with the supervisory authority.

The New York Attorney General already made a lawsuit against Celsius and Mashinsky in January. Among other things, they are accused of incorrectly presented and concealed the company's financial situation.

Neither Celsius nor Mashinsky have reacted to the allegations.

The story remains up to date and will be updated shortly.

Note: This article is based exclusively on the information contained in the court file and does not contain any invented details.