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Celsius Network founder Mashinsky pleads guilty in US to fraud

By Samuel Rubenfeld ( December 3, 2024, 21:25 GMT | Insight) -- Celsius Network founder Alexander Mashinsky pleaded guilty today to defrauding customers of his cryptocurrency lender. Mashinsky, who is 59 years old, pleaded guilty to commodities fraud and to the fraudulent scheme to manipulate the price of the company's token, known as CEL. Mashinsky was one of multiple cryptocurrency entrepreneurs to face criminal charges after a 2022 decline in prices that became known as “crypto winter.”Celsius Network founder Alexander Mashinsky pleaded guilty today to defrauding customers of his cryptocurrency lender....

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