Crypto lending firm Celsius Network and its former CEO sued by SEC, CFTC, FTC

The now-bankrupt crypto lending firm Celsius Network and its former CEO and co-founder Alex Mashinsky faced several lawsuits on Thursday morning from three separate American entities: The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC).
Bloomberg also reported that Alex Mashinsky, co-founder and ex-CEO of Celsius, was arrested and charged with fraud today, a person familiar with the matter said.
Mashinsky and Celsius’ chief revenue officer, Roni Cohen-Pavon, were charged by the U.S. District Court for the So

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