Authorities on Monday arrested Alex Mashinsky, the founder and former CEO of the bankrupt Celsius crypto lending firm, Bloomberg first reported.
Mashinsky has been reportedly charged with fraud and tried manipulation of different crypto currencies shortly earlier than Celsius’ personal collapse. Celsius has additionally agreed to a $4.7 billion settlement with authorities regulators, CNBC reported.
The arrest is the most recent high-profile crackdown on the crypto market in current months.
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