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Former Celsius Executive Admits to Financial Misconduct in U.S. Court
Former Celsius Executive Admits to Financial Misconduct in U.S. Court
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Alex Mashinsky, a former executive at Celsius, has confessed to charges of market manipulation and deceptive practices that resulted in substantial financial losses. U.S. prosecutors allege Mashinsky artificially inflated prices through false statements, impacting numerous victims.
The case underscores heightened regulatory scrutiny in the crypto sector. While Celsius isn’t directly tied to major cryptocurrencies, the proceedings may Ripple through markets already sensitive to governance concerns. No specific coins or exchanges were implicated in the indictment.
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