Former Celsius CEO Arrested on Fraud Charges as Crypto Lender Faces Billions in Fines

Celsius founder Alex Mashinsky was arrested on federal charges including securities fraud.
Mashinsky allegedly misled investors about Celsius' financial health and manipulated the price of its crypto token.
The FTC reached a $4.7 billion settlement with bankrupt Celsius, the largest fine since Meta's privacy case.
The SEC, CFTC, and DOJ filed separate lawsuits against Mashinsky and Celsius for fraud.
The charges are part of a broader crackdown on alleged misconduct in the cryptocurrency industry.