According to a June 23 Bloomberg report, Celsius creditors have alleged that crypto market maker Wintermute aided Celsius executives to “unlawfully manipulate and profit from the illegal wash trading of unregistered CEL Tokens.'
in the United States District Court of New Jersey to include allegations against Wintermute for its alleged involvement in improper market trading.Wintermute, described as a “purported market maker in the crypto industry,” allegedly aided Celsius Network's CEO, Alex Mashinsky, and other executives to “unlawfully manipulate and profit from the illegal wash trading of unregistered CEL Tokens.
“Defendant Wintermute and the Executive Defendants engaged in a scheme that artificially inflated the trading volume of the CEL tokens sold and marketed by Celsius.” “The supposed controls were virtually non-existent, and those that did exist did not monitor for or protect against “wash trading” or self-dealing” it was stated.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beijing temperature soars above 40 Celsius, shatters June recordThe temperature in Beijing soared above 40 degrees Celsius on Thursday for the first time since 2014 and broke the record for the hottest day in June, with heatwaves that had seared northern China a week earlier expected to persist through the weekend.
Read more »
Beijing soars above 40 degrees Celsius, smashes June recordThe temperature in Beijing soared above 40 degrees Celsius on Thursday for the first time since 2014 and broke the record for the hottest day in June, with heatwaves that had seared northern China a week earlier expected to persist through the weekend.
Read more »
Beijing soars above 41 degrees Celsius, smashes June recordThe temperature in Beijing breached 41 degrees Celsius on Thursday and shattered the record for the hottest day in June as heatwaves that had seared northern China a week earlier returned to the Chinese capital.
Read more »
TooFab's Week In Celebrity Photos: June 18 - June 24Jennifer Lawrence STUNNED at the premiere of her new film -- and brought her mom and dad out on the red carpet! (via toofab)
Read more »
TooFab's Week In Celebrity Photos: June 18 - June 24Justin Guarini attended opening night of his Britney Spears Broadway musical with his two LOOKALIKE sons (via toofab)
Read more »