Alex Mashinsky is accused of manipulating the price of CEL.
against Mashinsky and Cohen-Pavon for inflating the price of Celsius’ crypto token, called CEL, while lying to Celsius customers about the token, their activities, and the company’s overall health.
In one WhatsApp conversation from October 2021 cited by the DOJ, Cohen-Pavon responds to Mashinsky’s complaints that the price of CEL is going down despite new users joining Celsius, stating: In response, prosecutors write that Mashinsky said, “Does doge coin value real? How about the $SB for Solana. Everyone knows what these tokens are and want to buy them because they think price is going up.”
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