When deciding whether to trade in CEL Tokens, a reasonable investor would consider it important to know that the Executive Defendants and Wintermute were engaging in manipulative trading with respect to the CEL tokens, and ensuring that the reported trading volumes reflected real market demand.\u201d <\/p>Amended complaint by Celsius investors<\/cite><\/blockquote>\n\n\n\nLawyers representing the disgruntled investors claimed that Wintermute’s trading activities corrupted the price of the CEL token as well as the trading volume reported by the crypto lending platform. They further accused the market maker of colluding with the lender to engage in a strategic pattern to deceive the latter\u2019s investors. The amended complaint also accused Wintermute of playing a key role in the failed attempt by Mashinsky to prop up the CEL token in May 2022 following the collapse of Terra. Wintermute didn’t respond to a request for comment by Bloomberg. Attorneys representing Alex Mashinsky declined to comment. <\/p>\n","protected":false},"excerpt":{"rendered":"
An amended class action lawsuit filed by Celsius investors accused crypto market maker Wintermute Trading of helping Celsius CEO Alex Mashinsky dupe his crypto lending firm’s investors. <\/p>\n","protected":false},"author":62,"featured_media":582799,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,947,2],"tags":[7344,108905,108568,108828,108709],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582797"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=582797"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582797\/revisions"}],"predecessor-version":[{"id":582800,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/582797\/revisions\/582800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/582799"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=582797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=582797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=582797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}