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The Independent UK
The Independent UK
National
Larry Neumeister

Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges

Celsius Celsius Network Alexander Mashinsky United States Crypto Damian Williams Cryptocurrency
Cryptocurrency Celsius Arrest - (Copyright 2023 The Associated Press. All rights reserved.)

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business.

Alexander Mashinsky, 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud.

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