New York Attorney General Letitia James will be suing Celsius CEO Alex Mashinsky.
“Alex Mashinsky lied to people about the risks of investing in Celsius,” says James.
James seeks to bar Mashinsky from any business relating to securities or commodities in New York.
Earlier today, New York Attorney General Letitia James’ Office tweeted a post wherein the Attorney General stated that she would be suing the former CEO of crypto platform Celsius, Alex Mashinsky, for defrauding investors. “Alex Mashinsky lied to people about the risks of investing in Celsius, hid its deteriorating financial condition, and failed to register in New York,” claimed James.