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Celsius, Ex-CEO Alex Mashinsky Broke CFTC Rules: Bloomberg

CFTC could bring a case against Celsius by the end of the month, if its commissioners agree with the findings.

Aggiornato 6 lug 2023, 6:52 p.m. Pubblicato 6 lug 2023, 6:07 a.m. Tradotto da IA
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Failed crypto lender Celsius Network and its former CEO Alex Mashinsky could be named in a case brought by the Commodity Futures Trading Commission (CFTC) as early as this month, according to a report from Bloomberg, citing people familiar with the matter.

The report says that investigators at the CFTC have concluded that the bankrupt lender and its CEO broke the regulators' rules by misleading investors, the report added. If a majority of the CFTC’s commissioners agree, the agency could file a case against them.

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An email to Celsius’ press inbox went unanswered. CFTC did not immediately respond to CoinDesk's request for comment.

In January, an independent examiner appointed by U.S. courts determined that at times, Celsius operated in a manner similar to a Ponzi scheme, an opinion shared by Vermont’s financial regulator.

“In every key respect – from how Celsius described its contract with its customers to the risks it took with their crypto assets –how Celsius ran its business differed significantly from what Celsius told its customers,” the U.S. court-appointed examiner wrote.

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Protocol Research: GoPlus Security

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  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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A16z Crypto to Open Seoul Office, Hire Sungmo Park to Lead Asia Efforts

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Andreessen Horowitz's crypto venture capital unit pointed to high levels of crypto ownership in South Korea and Singapore, and growing onchain activity in Japan.

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  • Venture fund a16z crypto is opening its first office in Asia, located in Seoul, and named Sungmo Park to lead it.
  • The Seoul office aims to build partnerships and accelerate community growth across the region.
  • South Korea's active onchain community and developer ecosystem probably influenced the fund's decision to choose Seoul over other Asian financial hubs.