Alex Mashinsky, former chief executive officer of Celsius Network Ltd. Photo: Yuki Iwamura/BloombergFounder of Failed Crypto Lender Confesses to Fraud
Alex Mashinsky pleaded guilty to commodities fraud and to a scheme to manipulate the price of Celsius' token weeks before he was scheduled to stand trial.
December 04, 2024 at 05:19 PM
2 minute read
The founder of the failed crypto “bank” Celsius pleaded guilty in Manhattan federal court to what federal prosecutors are calling one of the biggest frauds in the crypto industry.
Alex Mashinsky pleaded guilty to commodities fraud and to a scheme to manipulate the price of CEL, the token created to support Celsius Network LLC’s operations, on Tuesday, weeks before he was scheduled to stand trial.
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