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Civil case

SEC v. Celsius Network Limited and Alexander Mashinsky

Authority: US Securities and Exchange Commission
Case number: 1:23-cv-06005
Filed or opened: 13 July 2023
Organization: Celsius Network LLC
Current stage: Complaint filed. Celsius consented to the requested relief^S4.
Outcome: Celsius consented to relief including a permanent injunction. Mashinsky's resolution not confirmed on the litigation release^S4.

Decisions and steps

Claims this case bears on

Supported90
The SEC and the US Department of Justice said Celsius and Mashinsky manipulated the price of the CEL token through undisclosed buybacks funded in part with customer money.
Regulator statement, 13 July 20233 records citedMarket conduct

Sources

S4Tier A Celsius Network Limited and Alexander "Alex" MashinskyUS Securities and Exchange Commission. Regulator press release. 14 July 2023.Litigation release on the SEC civil complaint. Supports the buyback allegations. Celsius consented. Mashinsky's resolution is not stated.