NY AG Secures $35,000,000 and Lifetime Crypto Ban From Ex-Celsius CEO for Investor Fraud
Photo: The Daily Hodl
New York officials are securing millions in payments and a lifetime ban from the securities and cryptocurrency industries from a former crypto lending platform executive for defrauding investors. The New York Attorney General says Alex Mashinsky misled hundreds of thousands of investors, including more than 26,000 in New York, about platform safety while using their deposits in high-risk strategies that caused massive losses. "Mashinsky repeatedly claimed that Celsius made safe, low-risk investments and only lent assets to credible and reputable entities.
Source: The Daily Hodl
