The Court has stayed the CFTC action against Celsius Network and Alexander Mashinsky due to a motion to intervene by the US Government.
The CFTC complaint charges the defendants with fraud and material misrepresentations in connection with the operation of its digital asset-based finance platform.
The Federal Trade Commission announced a settlement with bankrupt cryptocurrency platform Celsius Network.
Alex Mashinsky allegedly lied to investors, concealed Celsius’s dire financial condition, and failed to register as required by State Law.
Celsius appoints Chris Ferraro as Chief Restructuring Officer and Interim Chief Executive Officer as Alex Mashinsky steps down.