The publication reports that the regulator’s investigators concluded that both the credit service itself and Alex Maszynski violated rules and defrauded investors. So far, the decision to file a lawsuit against Celsius and its former CEO has not been made – the CFTC commissioners will vote on the outcome of which will decide whether to pursue the case.
“In all key aspects, from what was spelled out in the contract with customers to the risks that Celsius was taking with their crypto assets, the company’s business was significantly different from what the lender’s representatives told customers,” the U.S. government-appointed expert had previously said.
In late June, Celsius investors accused market maker Wintermute of helping CEO Alex Mashinsky “inflate” the price of the CEL token by falsifying trading volumes.