Tether sweats as Celsius’s Alex Mashinsky pleads guilty to fraud

Quick Summary:

Celsius’s Alex Mashinsky pleaded guilty to one count of committing commodities fraud and one count of committing securities fraud—the fraud counts were among seven charges filed against him in 2023.

The post Tether sweats as Celsius’s Alex Mashinsky pleads guilty to fraud appeared first on CoinGeek.

It seems Tether ‘loaned’ over $2 billion in USDT to Celsius, for which Celsius provided its customers’ BTC tokens as collateral.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaLatviaMexico

Topics: United States Earn USDT Tether Crypto Crime Cartel CEL Celsius Network Paolo Ardoino Fraud Stablecoins Business Money Laundering Alex Mashinsky

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-06 @ 12:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1834 words

Reading Time: 11 minutes read

Sentences: 67 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © CoinGeek

News ID: 24313112

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