Celsius investors accuse Wintermute of engaging in wash trading and price manipulation

ChainCatcher news, according to Bloomberg, cryptocurrency market maker Wintermute has been accused in a proposed class action lawsuit of helping former Celsius Network CEO Alex Mashinsky deceive investors of the now-bankrupt crypto lending company. Wintermute engaged in wash trading and spoofing activities to inflate the price and trading volume of Celsius's token CEL.

It is reported that the class allegations are unrelated to Celsius's bankruptcy. Wintermute denied all wrongdoing in a statement to Bloomberg. (Bloomberg)