{"id":121927,"date":"2023-07-13T13:35:24","date_gmt":"2023-07-13T13:35:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/alex-mashinsky-arrested-as-us-sec-doj-cftc-ftc-filed-lawsuits-against-celsius-network-crypto-news\/"},"modified":"2023-07-13T13:35:26","modified_gmt":"2023-07-13T13:35:26","slug":"alex-mashinsky-arrested-as-us-sec-doj-cftc-ftc-filed-lawsuits-against-celsius-network-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/alex-mashinsky-arrested-as-us-sec-doj-cftc-ftc-filed-lawsuits-against-celsius-network-crypto-news\/","title":{"rendered":"Alex Mashinsky Arrested As US SEC, DOJ, CFTC, FTC Filed Lawsuits Against Celsius Network\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__element__2p5pI\" data-testid=\"paragraph-0\">The US Securities and Exchange Commission (SEC) has filed a lawsuit against bankrupt crypto lender Celsius Network and its founder and former CEO Alex Mashinsky, according to a court filing on Thursday.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__element__2p5pI\" data-testid=\"paragraph-1\">Following the court filing, Alex Mashinsky was arrested on Thursday morning following an investigation into the company&#8217;s collapse, Bloomberg <a rel=\"nofollow noopener\" target=\"_blank\" class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__underline_default__2prE_\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-13\/sec-files-lawsuit-against-celsius-network-alex-mashinsky?utm_source=twitter&#038;utm_medium=social&#038;utm_campaign=socialflow-organic&#038;utm_content=business&#038;cmpid=socialflow-twitter-business&#038;sref=y3YMCJ4e#xj4y7vzkg\" data-testid=\"Link\">Reported<\/a> citing a person familiar with the case.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2 data-testid=\"paragraph-1\">US SEC Sues Celsius Network, Ex-CEO Alex Mashinsky Arrested<\/h2>\n<p>according to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.courtlistener.com\/docket\/67604348\/1\/securities-and-exchange-commission-v-celsius-network-limited\/\">litigation<\/a> filed on July 13, the US SEC sued Celsius Network and former CEO Alex Mashinsky for fraud, market manipulation, and violating securities laws.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__element__2p5pI\" data-testid=\"paragraph-2\">Along with the US SEC, other US bodies such as the Dept of Justice (DOJ), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC) filed separate lawsuits against Celsius Network and former CEO Alex Mashinsky.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p data-testid=\"paragraph-2\">The lawsuits add to a series of challenges for Celsius Network, which earlier this year was also sued by New York&#8217;s attorney general.  Ex-CEO Alex Mashinsky was arrested by law enforcement on Thursday morning as multiple agencies filed lawsuits against him and the firm.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__element__2p5pI\" data-testid=\"paragraph-2\">The crypto industry has been on shaky ground after the SEC&#8217;s lawsuits against major crypto exchanges Binance and Coinbase last month raised risks of further regulatory challenges for the sector.<\/p>\n<p data-testid=\"paragraph-2\"><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" title=\"Breaking: XRP Attorney To Withdraw From US SEC Vs Ripple Lawsuit\" href=\"https:\/\/coingape.com\/xrp-attorney-files-motion-to-withdraw-from-us-sec-vs-ripple-lawsuit\/\">XRP Attorney To Withdraw From US SEC Vs Ripple Lawsuit<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA154183\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments.  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Following the court filing, Alex Mashinsky was arrested on Thursday morning following an investigation into the company&#8217;s collapse, Bloomberg Reported citing a person [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-121927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=121927"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121927\/revisions"}],"predecessor-version":[{"id":121928,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121927\/revisions\/121928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5167"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=121927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=121927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=121927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}