Ex-Celsius CEO Alex Mashinsky Charged With Crypto Fraud
- Three regulatory agencies also sued Mashinsky in New York
- Mashinsky pleads not guilty to all charges at hearing
Former Celsius Network Ltd Chief Executive Officer Alex Mashinsky was accused by US prosecutors of pumping up the price of his firm’s cryptocurrency to entice customers to the platform — all so he could line his pockets to the tune of $42 million.
Mashinsky, who was arrested and charged with wire fraud and other crimes, waged a yearslong scheme to mislead customers before Celsius collapsed last year with more than $1 billion in debt, according to prosecutors. He pleaded not guilty at a hearing Thursday in New York.