Every part that’s occurred with Celsius and Alex Mashinsky thus far

On July 13, authorities arrested Alex Mashinsky, the previous CEO of Celsius Community. He faces legal and civil prices stemming from his time on the cryptocurrency lending platform, which he helped co-found in 2017.

Although the potential legal proceedings of Mashinsky and indictment of Celsius are ongoing, the occasions of this week have been a end result for a lot of crypto customers affected by the collapse of the platform. There have been doubtless points going through Celsius previous to the crypto market crash of 2022, however the collapse of put a highlight on the lending platform’s instability.

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