US SEC files lawsuit against Celsius and Alex Mashinsky

The securities regulator submitted a claim against Celsius former CEO, Alex Mashinsky, on July 13, charging the executive and Celsius for raising “billions of dollars” through deceptive and unregistered deals, as well as offering “crypto possession securities. Celsius and the executive likewise fraudulently manipulated the price of Celsius own crypto possession security, the Celsius (CEL) token, the SEC wrote.An excerpt from the SECs action against Celsius and Mashinsky.” Related: Former Celsius CEO Alex Mashinsky supposedly arrested” This is the right decision for our neighborhood and business,” Mashinsky said in the announcement.