Celsius ‘pleased’ with resolutions amid $4.7B FTC fine
A community member responded that they were also “pleased” to see former Celsius CEO Alex Mashinsky charged with multiple crimes.
A community member responded that they were also “pleased” to see former Celsius CEO Alex Mashinsky charged with multiple crimes.
Authorities said they had reached a “non-prosecution agreement” with Celsius, but former CEO Alex Mashinsky will face criminal charges related to fraud and misleading users.
The regulator said Celsius “squandered billions in user deposits” after “duping” customers into depositing funds.
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if Bitcoin is safer than the U.S. dollar, considering the impending risk of debt default.
The bankrupt crypto lender wants its huge stash of staked Ether back, but it could be in for a wait.
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch.
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch.
The bankrupt crypto lender has been moving its massive stash of staked Ethereum.
Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds.
Former Celsius CEO Alex Mashinsky was charged with seven counts of fraud in connection with “false and misleading statements” about his company, among other things.