New York AG accuses Celsius ex-CEO Alex Mashinsky of defrauding hundreds of thousands of crypto traders in $20 billion collapse

New York AG accuses Celsius ex-CEO Alex Mashinsky of defrauding hundreds of thousands of crypto traders in billion collapse

Key Factors

New York legal professional common Letitia James promises that previous crypto CEO Alex Mashinsky defrauded thousands of investors, lying to them about the extent of losses at his now bankrupt crypto trade Celsius.
James seeks to bar Mashinsky from operating in the securities business or as an govt in New York condition, and to compel him to disgorge property.
The match was introduced under the Martin Act, which gives point out prosecutors popular authority to look into securities fraud and probably create a felony case.

Resource

Stock and crypto trading site eToro prices IPO at per share ahead of Nasdaq debut

Finance

Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut

May 13, 2025

Key Points Israel-based stock brokerage platform eToro said it has priced shares at $52 for its IPO, above its expected range of $46 to $50. The retail trading platform filed for an IPO in March, but as tariff uncertainty rattled markets, the company temporarily shelved ITS plans. EToro scrapped a prior effort to go public […]

Finance

Stocks making the biggest moves midday: Nvidia, Boeing, Coinbase, First Solar and more

May 13, 2025

Check out the companies making the biggest moves midday: Nvidia — The chipmaker jumped 6% following the announcement it will sell more than 18,000 of its artificial intelligence chips to Saudi Arabian company Humain to be used in the latter’s 500 megawatt data center. UnitedHealth Group — The insurance stock tumbled 16% to trade at […]

Finance

Here’s the inflation breakdown for April 2025 — in one chart

May 13, 2025

Key Points The consumer price index declined to 2.3% in April from 12 months earlier, the lowest reading since February 2021. However, tariffs levied by President Donald Trump are expected to re-ignite inflation as soon as next month, according to economists. Prices declined for categories like gasoline, groceries, apparel, used cars and airline fares during […]