CFTC regulator says Celsius violated rules: Bloomberg

Alex Mashinsky, former CEO and founder of Celsius, at PBWS 2022 – RoyalsBlue.com ©

L’investigation from federal agency concluded that Celsius had violated the american rules beforecollapseaccording to Bloomberg. The CFTC could launch lawsuits against crypto lender this month.

The investigators of the Commodity Futures Trading Commission are of the opinion that the crypto-lending platform Celsius – and his ex-boss – violated the rules American before his bankruptcyreported this Thursday Bloombergciting people close to the matter.

While the New York State Attorney General has already brought charges against Alex Mashinsky, the former CEO of Celsius, for fraudThe CFTC, which is responsible for regulating the U.S. stock exchanges, will also file a complaint against the company. complaint against the crypto lender if all the agency’s commissioners approve the conclusions of the investigation, the anonymous sources said.

In addition, we learn that the Securities and Exchange (SEC) is also investigating Celsius. The regulator recently sued Coinbase and Binance for failing to comply with securities law.

Celsius began to falter in the wake of the Terra ecosystem’s implosion in the spring of 2022. The platform filed for bankruptcy in July.

Last May, Celsius accepted the consortium’s offer. Fahrenheit for the acquisition of its activities.

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