News@lemmy.world · 1 year ago

Former Celsius CEO arrested, company agrees to pay $4.7 billion settlement

www.cnbc.com

Former Celsius CEO arrested, company agrees to pay $4.7 billion settlement

www.cnbc.com

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News@lemmy.world · 1 year ago

Ex-Celsius CEO Alex Mashinsky was arrested on federal securities fraud charges as the FTC announced a $4.7 billion settlement with the bankrupt crypto exchange.

Former Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, a source told CNBC as the bankrupt crypto exchange agreed to pay a $4.7 billion settlement with government regulators.

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1 year ago
Where does that money go? To the SEC or to pay back the people who got scammed?

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