Celsius Network's Alex Mashinsky Arrested, Firm Sued by SEC, CFTC, FTC

Alex Mashinsky, former CEO of Celsius, has been arrested by the U.S. Department of Justice (DOJ) today

Alex Mashinsky has been accused for allegedly orchestrating a scheme to mislead customers.

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Celsius, an insolvent crypto lender, collapsed leading to an investigation into its operations and subsequent legal actions.

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The DOJ has filed charges against Mashinsky in connection with the collapse of Celsius.

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In addition to the DOJ charges, Celsius and Mashinsky are facing lawsuits from the (SEC) (CFTC) and FTC).

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The lending platform filed for bankruptcy in July of the previous year.

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Celsius' assets are set to be acquired by crypto consortium Fahrenheit after winning a bid.

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The arrests and lawsuits signify significant legal troubles for both Alex Mashinsky and Celsius.

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