New York State sues former Celsius CEO for alleged cryptocurrency fraud

  • New York State Attorney General Letitia James sues former Celsius CEO Alex Mashinsky for alleged cryptocurrency fraud.
  • Mashinsky is accused of deceiving investors by not disclosing Celsius Network’s worsening financial health.
  • He also failed to register as a salesperson or commodities and securities dealer.
  • The alleged fraud involved billions of dollars in cryptocurrency.
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