Live Update
From the Liveblog of
Thursday, July 13, 2023
Former head of crypto lender Celsius accused of fraud
The former head of crypto lender Celsius, Alex Mashinsky, has been arrested as part of an investigation into the firm’s downfall.
The US-based company, which had dozens of employees in Israel, went bankrupt last year after suspending all withdrawals.
Celsius and Mashinsky are accused by federal authorities of securities fraud.
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