The former chief executive officer of now-bankrupt crypto lender Celsius, Alex Mashinsky, was reportedly arrested on the morning of July 13. The news broke out minutes after the United States Securties and Exchange Commission (SEC) filed a lawsuit against the crypto lender on the same day.
The former CEO was reportedly arrested after a probe into the company’s collapse, reported Bloomberg citing people familiar with the matter. Celsius network filed for bankruptcy on July 14 last year.
The arrest of Mashinsky and the lawsuit against Celsius comes within months of the SEC’s lawsuits against crypto exchanges Binance and Coinbase.
Celsius network didn’t immediately respond to Cointelegraph’s requests for comments.
This is a developing story, and further information will be added as it becomes available.
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