"Alex Mashinsky, the former CEO of cryptocurrency exchange Celsius Network, was arrested this morning, according to Bloomberg.
The news comes shortly after an announcement that the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against both Celsius Network and Mashinsky himself".
The recent news of arrest and lawsuit by the security and exchange commission (SEC), broke out after the former Ceo of now-bankrupt crypto currency lender Celsius, was arrested this morning. This reportedly happened few moment after the security exchange filed a law suit at Celsius and Alex Mashinsky.
Celsius was reported to have gone bankrupted on the 14th of july 2022. The former ceo stepped down from his position in September 2022, after breaking SEC's related rules. He was later sued by Attorney General James On january 5th for the following charges
"Lied to Investors, Concealed Celsius’s Dire Financial Condition,
and Failed to Register as Required by State Law".
This law suit isn't the type that can be easily swept under a carpet, because Celsius has failed to stand tall after even making such deceitful accusations. Is not even up to a month, after the security exchange also filed some law suit against binance exchange. Lets sit back and watch how the whole situation unravels.
What do you think about sec's new action ?.