DLNews 04 déc. 2024

Celsius founder Alex Mashinsky pleads guilty to defrauding investors at ‘never profitable’ crypto lender ⚖️

cryptocurrency Celsius Alex Mashinsky

Celsius founder, Alex Mashinsky, admitted to deceiving investors of the now-bankrupt crypto lender, Celsius. He has agreed to return the millions he earned through these fraudulent activities. This revelation comes amidst broader scrutiny of practices within the cryptocurrency industry, highlighting the importance of regulatory oversight and transparency in financial dealings.

Mashinsky's case underscores the vulnerabilities in the crypto lending sector and raises concerns about ethical practices among crypto firms. The situation may lead to increased regulatory attention to protect investors and ensure more robust operational standards within the industry.

Source : www.dlnews.com ↗

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