News Explorer — Former Celsius Network CEO Alex Mashinsky to Be Released on Bail After Being Charged With Fraud

By Decrypt July 15, 2023 In Ripple

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Former Celsius Network CEO Alex Mashinsky to Be Released on Bail After Being Charged With Fraud

Alex Mashinsky, former CEO of Celsius Network, will be released on bail after being charged with fraud. He has agreed to a $40 million personal recognizance bond, with travel restrictions and limitations on opening new financial accounts. The bond is secured by his New York City residency and a bank account.

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