SEC charges Celsius and CEO with fraud and sale of unregistered securities
Former CEO of Celsius, Alex Mashinsky, has also been charged with violating registration and anti-fraud provisions along with a host of other items.
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Former CEO of Celsius, Alex Mashinsky, has also been charged with violating registration and anti-fraud provisions along with a host of other items.
Alex Mashinsky has decided to step down from his role as CEO at Celsius, while finance chief Chris Ferraro has been tapped to serve as interim CEO.
Many crypto firms have gone belly up in 2022, but none are as dumb as Celsius. The company now wants to issue IOU tokens to customers who they owe money to.
The company had billions in loans and assets and even had founders selling its digital stock back to Celsius.