Alex Mashinsky’s Trial Delayed Until 2024 Over Fraud Allegations!

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Author: Mustafa Mulla

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Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Oct 4, 2023 0: 04

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Alex Mashinsky, the former CEO of crypto lender Celsius, had his trial delayed and is now starting on September 17, 2024, after being accused of defrauding customers and misleading them about the company’s profitability. Mashinsky pleaded not guilty to the charges, while the company filed for bankruptcy and owes billions of dollars to investors. Prosecutors also accused Mashinsky of inflating the price of Celsius’s native token using customer assets and exploiting their customers. The SEC and the CFTC also filed separate charges against Mashinsky and Celsius for their alleged involvement in fraudulent sales of crypto asset securities.

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