Former Celsius CEO faces legal action from NY AG over alleged cryptocurrency fraud

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New York Attorney General Letitia James has filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius Network, alleging that Mashinsky defrauded “hundreds of thousands of investors…out of billions of dollars worth of cryptocurrency.” The lawsuit also claims that Mashinsky “repeatedly made false and misleading statements about Celsius’s safety to encourage investors […]