Brief Look at Celsius
Celsius was founded by Alex Mashinsky, Nuke Goldstein, and S. Daniel Leon as a centralized platform for crypto lending. It offered clients two main services: crypto deposits and loans.
Celsius launched its token, CEL, within a year of its 2017 launch. The company attracted over $860 million in investments. In December 2021, Celsius managed $24 billion in assets, but by May 2022, this dropped to $12 billion.
On June 13, 2022, Celsius froze withdrawals without warning. A month later, it filed for Chapter 11 bankruptcy in a New York court. Celsius promised to return funds and resume operations, but skepticism remained high.
In July, a former Celsius executive, Roni Cohen-Pavon, pleaded guilty to fraud and price manipulation charges. Prosecutors accused Alex Mashinsky, Celsius' former CEO, of seven charges related to manipulating the CEL token, allegedly earning him $43 million.
Due to these events, Celsius has been blacklisted as a scam broker.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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