An Arrest, a Ruling, a Rally: Crypto’s Wild Day in the Courts
- Celsius ex-CEO Mashinksy arrested, charged with fraud
- XRP token, Coinbase soar after judge rules in Ripple case
Alex Mashinsky leaves court in New York on July 13.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
It was a day that started with something of a bang: the charismatic Alex Mashinsky, former chief executive officer of bankrupt crypto lender Celsius Network under arrest and charged with fraud.
In a flurry of enforcement activity, the US Department of Justice, Securities and Exchange Commission, Commodity Futures Trading Commission, and the Federal Trade Commission all filed lawsuits Thursday against both Mashinsky and Celsius itself.