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Celsius founder Alex Mashinsky broke US rules, say CFTC investigators: Report

CoinSurges
By CoinSurges

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If the majority of CFTC commissioners agree with that conclusion, it could file a case in federal court.

Investigators from the Commodity Futures Trading Commission have reportedly concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke U.S. rules before the company collapsed.

According to a July 5 report from Bloomberg, citing sources familiar with the matter, the attorneys from the CFTC’s enforcement division found that Celsius misled investors, failed to register with the appropriate regulator, and that Mashinsky broke a number of regulations.

The CFTC could reportedly file a case against the collapsed crypto lender in U.S. federal court sometime this month, if the majority of the CFTC commissioners agree with the investigators’ findings.

This is a developing story, and further information will be added as it becomes available.

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