thenewscrypto.com
- The injunction also included Mashinsky’s home in Austin, Texas, acquired in 2021.
- Mashinsky entered a not guilty plea and was granted $40 million bail.
Following a request from the United States DOJ, a federal court has ordered the freezing of certain financial accounts and assets belonging to Alex Mashinsky, former Celsius CEO.
A motion to unseal a restraining order concerning Mashinsky’s assets was approved by a court on September 5, according to a filing in U.S. District Court. Accounts in Mashinsky’s name at First Republic Securities, SoFi Bank, and SoFi Securities, as well as accounts at Goldman Sachs and Merrill Lynch in the names of holding companies, may be frozen by the DOJ.
The injunction also included Mashinsky’s home in Austin, Texas, which he and his wife Kristine had acquired in 2021. When Celsius declared bankruptcy in July 2022, the mansion had already been on the market for almost a year.
Ongoing Legal Pursuit
Mashinsky, who co-founded the cryptocurrency lending platform Celsius in 2017, resigned as CEO in September 2022. State and federal regulators were already looking into the company for allegedly selling securities without proper registration.
Alleging that the ex-CEO of Celsius had cheated investors and consumers out of billions of dollars, U.S. officials arrested Mashinsky in July. He entered a not guilty plea and was granted $40 million bail, with conditions including electronic monitoring and a $10,000 per day limit on cash withdrawals, transfers, and receipts without prior clearance. In addition to criminal and civil accusations, Celsius has settled with the U.S. CFTC and the SEC in July.
Highlighted Crypto News Today:
Huobi Announces Listing of PayPal’s PYUSD Stablecoin