The US Commodity Futures Trading Commission (CFTC) has determined that the bankrupt crypto lender, Celsius Network and its former CEO Alex Mashinsky breached US regulations prior to the company’s collapse, according to Bloomberg’s report. If a majority of the CFTC’s commissioners agree with these findings, the case could be filed in federal court as soon as this month. Investigators assert that Celsius, without registering with regulators, misled investors, while Mashinsky also broke rules. In parallel, Celsius is under investigation by the Securities and Exchange Commission and Manhattan federal prosecutors.
Source: https://www.bloomberg.com
