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 Ex-Celsius Network CEO has been arrested and sued by the DOJ with accompanying charges from three federal agencies following investigations into the company’s collapse. 
 Alex Mashinsky, the former CEO of embattled cryptocurrency exchange Celsius Network, has been arrested today and charged by the United States Department of Justice (DoJ). Notably, Mashinsky was arrested following investigations into Celsius Network’s collapse. 
 <h2 id="span-style-font-weight-400-charges-against-mashinsky-span">Charges Against Mashinsky </h2> 
 According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2023-07-13/sec-files-lawsuit-against-celsius-network-alex-mashinsky" target="_blank" rel="noopener noreferrer nofollow">report </a> today, the DOJ’s charges against Mashinsky were accompanied by a series of lawsuits from three regulatory agencies. 
 The agencies include the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), as well as the Federal Trade Commission (FTC). 
 The DOJ accused Mashinsky of orchestrating a malicious scheme between 2018 through July 2022 to defraud unsuspecting Celsius investors. Furthermore, prosecutors claim Mashinsky made false and misleading statements about his sales of CEL, the native token of Celsius. 
 Meanwhile, the SEC also <a href="https://www.courtlistener.com/docket/67604348/1/securities-and-exchange-commission-v-celsius-network-limited/" rel="noopener noreferrer nofollow">charged </a> Mashinsky with violating federal securities laws. In its complaint, the SEC alleged that both CEL and Celsius’ Earn Interest Program are unregistered securities. 
 Interestingly, the CFTC filed a different complaint against Mashinsky and Celsius, alleging that both parties engaged in a scheme to defraud thousands of unsuspecting investors. 
 Furthermore, the FTC ... 
 <a href="https://thecryptobasic.com/2023/07/13/former-celsius-ceo-arrested-and-sued-by-sec-cftc-and-ftc/" rel="noopener noreferrer nofollow">Read more</a>
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Former Celsius CEO Arrested and Sued By SEC, CFTC, and FTC

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