The US Securities and Exchange Commission (SEC) has been suing individuals and institutions in the cryptocurrency industry for some time now. According to the news today, a new lawsuit has been filed in federal court against Celcius and its former CEO Mashinsky. Alex Mashinsky was reportedly arrested in the early hours.
In its lawsuit against Celcius and Mashinsky, the SEC alleges that it has raised billions of dollars through the manipulative and off-the-record sale of “securities” in cryptocurrencies. Celsius giving false information to investors and CEL token Manipulating the price is among other allegations.
Celcius, one of the largest companies in the cryptocurrency ecosystem, filed for bankruptcy in the past period. After the $ 30 billion collapse, there was also a lot of news about the sale of the company. In addition to the SEC’s lawsuit, the U.S. Department of Justice (DOJ), the CFTC, and the FTC also filed lawsuits against Celcius and Mashinsky.
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