Celsius

Billion

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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
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 As the details of the recent <a href="https://u.today/breaking-former-celsius-ceo-arrested" rel="noopener noreferrer nofollow">arrest of Celsius founder</a> and the lawsuit of the SEC against him continue to emerge, “Smart Money” wallet tracker @lookonchain has reported that Alex Mashinsky dropped a large amount of Celsius (CEL) tokens as early as the start of the winter this year. 
 In February, Mashinsky dumped all his stash of 90,000 CEL for 48,018 USDC. After that, he moved these stablecoins to the Coinbase exchange. 
 Now, the man’s wallets contain as little as approximately $5,000 in cryptocurrencies. 
 <blockquote class="twitter-tweet"> 
 Former Celsius CEO Alex Mashinsky sold all 90,000 <a href="https://twitter.com/search?q=%24CEL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$CEL</a> for 48,018 <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> on Feb 11, then deposited all 48,018 <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a>.Currently, 9 wallets of Alex Mashinsky only hold ~$5K in assets.<a href="https://t.co/kzWBm4NYtT" rel="noopener noreferrer nofollow">https://t.co/kzWBm4NYtT</a> <a href="https://t.co/MMkNJJ34eN" rel="noopener noreferrer nofollow">pic.twitter.com/MMkNJJ34eN</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1679482408704544769?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2023</a> 
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 As covered by U.Today earlier, today Mashinsky was arrested as part of the <a href="https://u.today/sec-files-lawsuit-against-celsius-and-its-founder-alex-mashinsky" rel="noopener noreferrer nofollow">lawsuit initiated by the SEC against him</a> and the bankrupt company Celsuis which shut down its business last year. The collapse happened after the crash of Terra’s coin LUNA and UST stablecoin in May. 
 <a href="https://u.today/shiba-inu-sees-massive-holder-inflow-smashes-other-milestones-too" rel="noopener noreferrer nofollow">card</a> 
 Celsuis then was unable to deal with a massive wave of customers withdrawing their funds. Prior to that, it offered up to 17% for their crypto deposits. 
 Now, Bloomberg Terminal has reported that according to the SEC, Mashinsky and <a href="https://u.today/cardano-community-alarmed-as-robinhood-and-celsius-poised-to-dump-millions-in-ada" rel="noopener noreferrer nofollow">Celsius</a> manipulated the price of CEL in the cryptocurrency market. Now, the Federal Trade Commission (FTC) has banned Celsius Network from trading and fined it for $4.7 billion. 
 <blockquote class="twitter-tweet"> 
 CELSIUS NETWORK BANNED FROM TRADING, FINED $4.7B BY FTC— *Walter Bloomberg (@DeItaone) <a href="https://twitter.com/DeItaone/status/1679489457735741441?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2023</a> 
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Celsius Founder Dumped His CEL Holdings Before Arrest, Now Fined for $4.7 Billion

U_Today

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