{"id":10956,"date":"2023-02-10T09:18:17","date_gmt":"2023-02-10T14:18:17","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10956"},"modified":"2023-02-10T09:18:17","modified_gmt":"2023-02-10T14:18:17","slug":"celsius-lawsuits-continue-to-expand-for-investors","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/celsius-lawsuits-continue-to-expand-for-investors\/","title":{"rendered":"Celsius Lawsuits Continue To Expand For Investors"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10372 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" alt=\"Last year\u2019s drop in cryptocurrency had far-reaching implications for the entire industry, including one New York-based exchange, Celsius. Silver Law Group is investigating claims against various third parties for knowingly assisting Celsius fraudulent activities.  On Thursday, January 5, 2023, New York State\u2019s Attorney General Letitia James filed a civil lawsuit against Alex Mashinsky, the former CEO and co-founder of Celsius, another cryptocurrency platform. In the lawsuit, AG Letitia James alleges that Mashinsky defrauded investors who deposited billions of dollars into Celsius before it declared bankruptcy in 2022. In the lawsuit, the AG claims that the fraud promulgated by Celsius impacted more than 26,000 investors in New York alone.  The lawsuit alleges that Mashinsky made multiple misleading and false statements about safety to encourage New Yorkers to deposit into Celsius. One such claim is that Mashinsky called Celsius \u201csafer than a bank,\u201d and made other unsubstantiated claims in his efforts to recruit more investors. Banks are well-regulated at the state and federal level, while Celsius was not, leaving hundreds of thousands of investors without the same protections.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Last year\u2019s drop in cryptocurrency had far-reaching implications for the entire industry, including one New York-based exchange, Celsius. Silver Law Group is investigating claims against various third parties for knowingly assisting Celsius fraudulent activities. <a href=\"https:\/\/www.silverlaw.com\/blog\/celsius-lawsuits-continue-to-expand-for-investors\/#more-10956\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year\u2019s drop in cryptocurrency had far-reaching implications for the entire industry, including one New York-based exchange, Celsius. Silver Law Group is investigating claims against various third parties for knowingly assisting Celsius fraudulent activities. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602],"tags":[],"class_list":["post-10956","post","type-post","status-publish","format-standard","hentry","category-class-action"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Celsius Lawsuits Continue To Expand For Investors &#8212;<\/title>\n<meta name=\"description\" content=\"Last year\u2019s drop in cryptocurrency had far-reaching implications for the entire industry, including one New York-based exchange, Celsius.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/celsius-lawsuits-continue-to-expand-for-investors\/\" \/>\n<meta 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