On July 13, authorities arrested Alex Mashinski, former CEO of Celsius Community. He faces legal and civil expenses for his time on the crypto lending platform he helped co-found in 2017.

Potential legal proceedings towards Mashinsky and an indictment towards Celsius are ongoing, however this week’s occasions have reached a climax for a lot of cryptocurrency customers affected by the platform collapse. Celsius probably confronted issues earlier than the 2022 crypto market crash, however the collapse of Celsius has put the lending platform’s volatility into the highlight.

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