Mashinsky

In the summer of 2021, I stumbled onto the world cryptocurrency by accident. A friend of mine encouraged me to buy some Bitcoin at the height of the mania, and to be honest, I was tempted. According to media reports, a lot of knuckleheads seemed to be getting rich off these cryptos, whatever the hell they were. I had never paid them much mind before, but I have a degree in economics and these things sure didn’t act like currencies as I understood them. That piqued my interest. It was also Covid and I was bored. Showbiz…

The co-founder and former CEO of the defunct cryptocurrency exchange Celsius was arrested on fraud charges Thursday, Bloomberg reported.Crypto Exchanges Restrict WithdrawalsAlex Mashinsky, 57, was also charged with attempting to manipulate cryptocurrency markets, per Bloomberg. The Department of Justice accused Mashinsky and Roni Cohen-Pavon, Celsius’ chief revenue officer, of ​​a, “years long scheme to mislead customers,” according to Coindesk. The Securities and Exchange Commission (SEC) sued the company and Mashinsky…

The problems keep mounting for Celsius founder Alex Mashinsky, as he’s been arrested and charged by federal authorities with fraud. Mashinsky faces seven criminal counts, including securities, commodities and wire fraud, He and his company are being independent sued by three government agencies — the FTC, CFTC and SEC. The U.S. Attorney’s Office alleges that Mashinsky misled customers regarding the nature of his company, making it seem like a bank when it was actually a high-risk investment fund. Celsius’s former chief…

New York's attorney general on Thursday sued Celsius Network founder Alex Mashinsky, claiming he defrauded investors out of billions of dollars in digital currency by concealing the failing health of his now-bankrupt cryptocurrency lending platform. Mashinsky persisted in promoting Celsius as a safe alternative to banks, paying interest as high as 17% on deposits, while concealing hundreds of millions of dollars of losses in risky investments, according to a complaint filed by the attorney general, Letitia James. The…

CoinDesk: Court filing: Celsius ex-CEO Alex Mashinsky, ex-CSO Daniel Leon, and CTO Nuke Goldstein withdrew ~$56M between May and June 2022 before the lender's bankruptcy — Ex-CEO Alex Mashinsky, ex-CSO Daniel Leon and CTO Nuke Goldstein pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May … CoinDesk: Court filing: Celsius ex-CEO Alex Mashinsky, ex-CSO Daniel Leon, and CTO Nuke Goldstein withdrew ~$56M between May and June 2022 before the lender's bankruptcy …

Kadhim Shubber / Financial Times: Sources: Celsius founder Alex Mashinsky withdrew $10M from the crypto lender weeks before freezing customer accounts; one source says $8M was used to pay taxes — Scrutiny of Alex Mashinsky grows after crypto lender was left with hole in balance sheet — Celsius Network founder Alex … Kadhim Shubber / Financial Times: Sources: Celsius founder Alex Mashinsky withdrew $10M from the crypto lender weeks before freezing customer accounts; one…