It’s been eventful for Celsius Network and its co-founder, Alex Mashinsky. Mashinsky has shifted Celsius’ focus to become a company at the forefront of the DeFi revolution, and the company’s reputation has quickly propelled it to the top of the industry.
Alex Mashinsky, former CEO of Celsius, was reportedly arrested for fraud and financial misconduct. Details of the incident are yet unclear, though legal action has been taken against him.
Alex Mashinsky, former CEO of cryptocurrency lending startup Celsius, has been arrested and the US Securities and Exchange Commission (SEC) has filed against Celsius, report sources. Mashinsky has been associated with the company since its launch in 2017.