Summary
Alex Mashinsky, the ex-boss of Celsius, is using the same lawyers as convicted crypto crook Sam Bankman-Fried. Mashinsky faces criminal charges for allegedly defrauding customers of $42 million, leading to Celsius filing for bankruptcy with $1.2 billion in liabilities. Both Mashinsky and Bankman-Fried are facing legal troubles in the crypto world.
Key Points
1. Alleged crypto crook Alex Mashinsky is using the same lawyers as convicted crypto crook Sam Bankman-Fried, raising questions about conflicts of interest.
2. Mashinsky faces seven criminal charges from the DOJ for allegedly defrauding customers and misleading them about Celsius’ assets, ultimately leading to the collapse of the platform.
3. Celsius, once a major digital asset brand managing over $25 billion in assets, filed for bankruptcy after halting user withdrawals and facing civil lawsuits from multiple regulatory bodies.