SEC Sues Celsius Network and Alex Mashinsky

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The former chief executive officer of Celsius Network Ltd., a crypto lender that has filed for bankruptcy, has been arrested after an investigation into the company’s collapse, as per a person familiar with the case. The arrest occurred on Thursday morning, according to the same source. It’s worth noting that the criminal case is not yet public, hence the request for anonymity. Additionally, court records reveal that the Securities and Exchange Commission (SEC) has also filed a lawsuit against Alex Mashinsky (the former CEO) and the company on Thursday.