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Embattled crypto lender Celsius is a ‘fraud’ and ‘Ponzi scheme,’ lawsuit alleges

Embattled crypto lender Celsius is a 'fraud' and 'Ponzi scheme,' lawsuit alleges

Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.”

Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images

Crypto lender Celsius artificially inflated the price of its own digital coin, failed to hedge risk and…


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