Informant: According to sources, the US CFTC investigators have determined that Celsius and its former CEO violated regulations, and may file a lawsuit this month.
2023-07-06 01:02
Odaily News: According to insiders, investigators from the U.S. CFTC have concluded that Celsius Network and its former CEO Alex Mashinsky violated U.S. regulations prior to the platform's bankruptcy.
Insiders say that if the majority of CFTC commissioners agree with this conclusion, the agency may file a lawsuit in federal court as early as this month. One insider said that the agency's attorneys believe that Celsius misled investors and should have been registered with the CFTC. Alex Mashinsky also violated regulatory requirements. In addition, the U.S. SEC and federal prosecutors in Manhattan are also conducting related investigations. (Bloomberg)
In previous news, Judge Martin Glenn of the Southern District of New York has approved Celsius' ability to sell or exchange any altcoins for BTC and ETH starting from July 1. Celsius holds approximately $74 million worth of altcoins, including Synthetix, Uniswap, and ZRX.
According to data from the crypto data platform Arkham, Celsius' wallet contains approximately $615 million worth of cryptocurrencies, including $296 million in BTC and $120 million in ETH. They also hold approximately $100 million worth of CEL and $30 million worth of stablecoins, with approximately $69 million remaining in altcoins.
Insiders say that if the majority of CFTC commissioners agree with this conclusion, the agency may file a lawsuit in federal court as early as this month. One insider said that the agency's attorneys believe that Celsius misled investors and should have been registered with the CFTC. Alex Mashinsky also violated regulatory requirements. In addition, the U.S. SEC and federal prosecutors in Manhattan are also conducting related investigations. (Bloomberg)
In previous news, Judge Martin Glenn of the Southern District of New York has approved Celsius' ability to sell or exchange any altcoins for BTC and ETH starting from July 1. Celsius holds approximately $74 million worth of altcoins, including Synthetix, Uniswap, and ZRX.
According to data from the crypto data platform Arkham, Celsius' wallet contains approximately $615 million worth of cryptocurrencies, including $296 million in BTC and $120 million in ETH. They also hold approximately $100 million worth of CEL and $30 million worth of stablecoins, with approximately $69 million remaining in altcoins.
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