🚨🇺🇸 US regulators take significant action against Celsius Network and its founder Alex Mashinsky:

🔒 Alex Mashinsky arrested in New York, facing charges of defrauding clients and misrepresenting the company's business model.

💼 Mashinsky and others face multiple complaints, including securities fraud, commodities fraud, electronic fraud, and conspiracy to manipulate the price of Celsius' token, CEL.

⚖️ DOJ issues indictment against Mashinsky and Celsius, with separate actions from SEC, CFTC, and FTC.

💰 FTC imposes a $4.7 billion fine, but trial suspended to facilitate return of remaining assets to consumers amid bankruptcy proceedings.

🚫 Celsius and affiliated entities permanently prohibited from offering or promoting any product or service related to deposit, exchange, investment, or withdrawal of assets.

🔍 Stay tuned as the legal actions against Celsius Network continue to unfold, reflecting the ongoing efforts of US regulators to ensure investor protection and maintain market integrity. #CelsiusNetwork #Regulation #Fraud #SEC #CFTC #FTC

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