The former CEO of Celsius Network – Alex Mashinsky – has been arrested Thursday morning, according to a recent report by Bloomberg.
The Arrest and Investigation
The report outlines that the arrest took place following a probe into the company’s collapse, and it cites a person familiar with the case.
The individual, who has chosen to remain anonymous due to the case’s non-public nature, stated that Mashinsky was taken into custody on Thursday morning.
The SEC Lawsuit
In addition to the arrest, the Securities and Exchange Commission (SEC) has reportedly filed a lawsuit against Celsius Network and Alex Mashinsky.
The details of the lawsuit have not been disclosed in the report.
However, it is apparent that the SEC’s legal action is tied to the investigation into Celsius Network’s collapse.
Mashinsky’s arrest and the subsequent SEC lawsuit could potentially have significant implications for the company and its stakeholders.