logo
welcome
CoinGape

CoinGape

Celsius founder Alex Mashinsky to plead guilty to two fraud charges

CoinGape
Summary
Nutrition label

55% Informative

Celsius Network founder Alex Mashinsky intends to plead guilty to two fraud charges after being indicted in 2023 .

The charges relate to allegations of fraud, conspiracy, and market manipulation concerning Celsius Network’s operations and its proprietary token, Cel .

Prosecutors claim that Mashinsky artificially inflated the value of the company's proprietary token to mislead investors and customers.

Federal prosecutors allege that he reaped approximately $42 million in proceeds from the sale of Cel tokens.

VR Score

30

Informative language

19

Neutral language

45

Article tone

formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links