New York Attorney General files lawsuit against Celsius’ Alex Mashinsky for defrauding investors

The Attorney General of New York, Letitia James, has filed a lawsuit against Alex Mashinsky, the former CEO and co-founder of Celsius Network LLC, for misleading Celsius’ investors about billions of dollars of cryptocurrency.

The lawsuit demands Mashinsky pay damages, restitution, and disgorgement and ban him from doing business in the state of New York, citing multiple violations.