NY-AG v. Alex Mashinsky

Alex Mashinsky allegedly defrauded hundreds of thousands of investors, including more than 26,000 New Yorkers, out of billions of dollars worth of cryptocurrency. According to NY-AG, Mashinsky repeatedly made false and misleading statements about Celsius’s safety to encourage investors to deposit billions of dollars in digital assets onto the platform. Mashinsky also failed to register as a salesperson for Celsius and as a securities and commodities dealer.

Summary generated from official New York Attorney General press release