Celsius to sell crypto platform amid Mashinsky court battle
Celsius has filed court docs against founder Alex Mashinsky alleging millions lost to fraud as it reached a deal to sell its retail platform.
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Celsius has filed court docs against founder Alex Mashinsky alleging millions lost to fraud as it reached a deal to sell its retail platform.
Read more (1 min) →A court filing also claims Celsius may have been insolvent as early as 2019 and that its operation bears all the hallmarks of a Ponzi scheme.
Confusion still surrounds the pension fund's $150M investment in Celsius Network, but what part did personal relationships have to play?
The firm originally hired bankers at Citibank to help with its restructuring, despite its history of strident anti-bank marketing campaigns.