According to news on June 24, cryptocurrency market maker Wintermute is accused in a proposed class action of helping former Celsius Limited CEO Alex Mashinsky defraud investors of his now-bankrupt crypto lending company. Wintermute conducted false trading and wash trading activities to drive up the price and trading volume of Celsius's token CEL. The class charges are understood to be unrelated to Celsius' bankruptcy. Wintermute denied all wrongdoing in a statement to Bloomberg.