Alex Mashinsky pleads guilty to fraud in the collapse of crypto firm Celsius.

Alex Mashinsky, founder of Celsius Network, has pleaded guilty to two counts of fraud, admitting to misleading customers and inflating the value of the company's crypto token. Initially indicted on seven counts, including market manipulation, Mashinsky faced allegations of providing false information to customers. Celsius filed for bankruptcy in 2022 following a crypto market downturn and liquidity issues.

4 months ago
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