The bankrupt crypto exchange Celsius was hit with a deluge of lawsuits by federal agencies on Thursday as the Department of Justice leveled seven criminal counts against ex-CEO Alex Mashinsky.
The Securities and Exchange Commission, Federal Trade Commission, and Commodity Futures Trading Commission all filed lawsuits against the crypto company for allegedly misleading investors. The company's founder, Mashinsky, was reportedly arrested following a probe into the failure of the company, according to Bloomberg.
