Romania, 2024 elections, TikTok and manipulation: Far-right candidate Celin Georgescu has caught the world's attention for his scandalous use of TikTok to promote his campaign.
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The founder of the bankrupt Celsius Network crypto service has pleaded guilty to two counts of fraud.
Stanislav Moiseev, the founder of Celsius Network, pleaded guilty in court and admitted to manipulation of native CEL tokens and misleading investors regarding the Earn program, which promised up to 18% per annum on deposits. Moiseev also admitted that he made false claims about Celsius’ regulatory support and fraudulently claimed that he did not sell CEL tokens. The case is being heard in a court in New York, and the sentencing will take place on April 8, 2025. The maximum penalty for these charges is 30 years in prison.
In 2022, Celsius went bankrupt, leaving over $1 billion in debt; in January 2024, the company emerged from bankruptcy and began returning cryptocurrency to creditors; by August 2024, $2.53 billion had already been distributed to more than 251,000 creditors. However, this situation has become a breeding ground for scammers who send fake emails on behalf of Celsius in an attempt to steal crypto assets.
The Celsius Network, founded in 2017, has become one of the leading crypto platforms; its collapse in 2022, together with FTX, shook the crypto industry and called into question the stability of many platforms.
The Celsius situation and Moiseyev’s guilty plea demonstrate the crypto industry’s vulnerability to manipulation and fraud, as well as attempts to recover funds from injured investors.
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