Crypto Lender Celsius Network’s Founder Arrested on Fraud Charges

Alexander Mashinsky, founder and former CEO of Celsius Network, a bankrupt crypto lender, has been arrested and charged with fraud.

Credit: Google

Three federal regulatory agencies have also filed lawsuits against Mashinsky and his company. The allegations include securities fraud, commodities fraud, wire fraud, and misleading investors about the financial state of the company. Celsius, once one of the largest crypto platforms, purportedly held approximately $25 billion in assets. This development adds to the challenges faced by the cryptocurrency industry, following recent regulatory actions against major exchanges.


Credit: Yahoo Finance


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