Celsius founder Alex Mashinsky pleads guilty to two fraud counts | Business and Economy News
Mashinsky was one of several crypto moguls charged with fraud after a slump in prices in 2022 caused firms to collapse.
Alex Mashinsky, the founder and former CEO of cryptocurrency lender Celsius Network, has pleaded guilty in the United States to two counts of fraud.
Mashinsky, 59, was indicted on July 13, 2023, on seven counts of fraud, conspiracy and market manipulation charges. Federal prosecutors in Manhattan said he misled Celsius customers to persuade them to invest, and artificially inflated the value of his company’s proprietary crypto token. He pleaded not guilty later that day.
On Tuesday, during a hearing before US District Judge John Koeltl, Mashinsky said he pleaded guilty to two out of the seven counts he was initially…
