Prosecutors say the founder and former CEO of the failed cryptocurrency lending platform Celsius Network should face 20 years behind bars for telling lies and engaging in self-dealing that cost customers billions of dollars in losses.

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network has pleaded guilty to federal fraud charges, admitting that he misled customers about the business.

The founder and former CEO of the failed cryptocurrency lending platform Celsius Network has been arrested on federal fraud charges alleging that he schemed to defraud customers by misleading them about key aspects of the business.