NEW YORK :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.
It accuses him of violating the state's Martin Act, which gives James broad power to pursue securities fraud cases, and other laws. But the business model proved often unsustainable in 2022 after a selloff in cryptocurrency markets, including the collapse of the terraUSD and luna tokens.
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New York sues Celsius Network founder Mashinsky for defrauding crypto investorsNEW YORK: 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 fraudulently promoted Celsius as a sa
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