TechFlow news — According to people familiar with the matter, investigators from the U.S. Commodity Futures Trading Commission (CFTC) have concluded that Celsius Network and its former CEO Alex Mashinsky violated U.S. regulations prior to the platform's bankruptcy. If a majority of CFTC commissioners agree with this finding, the agency could file a lawsuit in federal court as early as this month.
The sources said enforcement lawyers determined that Celsius misled investors and should have registered with the CFTC, and that Alex Mashinsky also breached regulatory rules. Meanwhile, the U.S. Securities and Exchange Commission (SEC) and federal prosecutors in Manhattan are conducting their own related investigations.
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