A community member responded that they were also pleased to see former Celsius CEO Alex Mashinsky charged with multiple crimes.
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FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits
On Thursday, following the U.S. Securities and Exchange Commission (SEC) suing the insolvent crypto lender Celsius, the Federal Trade Commission (FTC) divulged a settlement with
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SEC Sues Bankrupt Crypto Lender Celsius, Alleges Misrepresentation of Customer Count and Risky Practices
The U.S. Securities and Exchange Commission has filed a lawsuit against the now-defunct cryptocurrency lender, Celsius. The suit, filed Thursday, also names former CEO Alexander
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US Attorney’s Office announces criminal fraud charges against Alex Mashinsky
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.
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Breaking: Celsius Network fined $4.7B by FTC
The regulator said Celsius “squandered billions in user deposits” after “duping” customers into depositing funds.
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US SEC files lawsuit against Celsius and Alex Mashinsky
Last week, a separate U.S. regulator, the CFTC reportedly found that Celsius and Alex Mashinsky broke several regulations before the collapse in 2022.
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