Celsius Network & Its Former CEO Face SEC Lawsuit
Celsius Network has been making headlines lately. This has been due to its involvement in several lawsuits in the industry. However, in a surprising turn of events, the United States Securities and Exchange Commission [SEC] filed criminal charges against the company over securities fraud. Additionally, the Commodity Futures Trading Commission and the Federal Trade Commission also filed lawsuits against Mashinsky and the organization. JUST IN: 🇺🇸 US government charges former Celsius CEO Alex Mashinsky with fraud. — Watcher.Guru (@WatcherGuru) July 13, 2023 On July 13, the SEC filed charges against Celsius Network and its former CEO, Alex Mashinsky. The charges allege that both entities were involved in securities fraud. Previously, New York Attorney General Letitia James also filed a separate lawsuit against Mashinsky. She accused him of defrauding investors by making misleading statements about the company’s status to encourage further inves...