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Alex Mashinsky, the former CEO of Celsius Network, a bankrupt crypto lender, has been arrested in New York, reports on July 13 show. The arrest follows an investigation into the collapse of the crypto firm in Q3 2022. Mashinsky will be arraigned on Friday, July 14. However, people aware of the arrest reveal that the former CEO has denied any wrongdoing. Following the arrest , the United States Securities and Exchange Commission (SEC) is also suing Celsius and the former CEO for allegedly providing false information to creditors and information and lying about the firm’s financial health. Read more: Bitbuy relists XRP amid improvements in Ripple vs. SEC case Celsius was among prominent crypto firms collapsed last year. The crypto lender gained attention by offering high-interest rates on digital-asset deposits. However, following the TerraUSD stablecoin’s (UST) failure and a decline in crypto prices in 2022, Celsius found themselves in a financial hole and cou...

The Massachusetts-based man is alleged to have stolen nearly $18,000 worth of electricity to run 11 miners in a school’s crawl space. A former facilities worker who allegedly set up a secret cryptocurrency mining operation inside a Massachusetts school’s crawl space is due for arrest after missing a scheduled court hearing to answer to charges.  Nadeam Nahas was scheduled to be arraigned on Feb. 23 facing charges of vandalizing a school and fraudulent use of electricity, according to media reports. JUST IN: an ex-town employee is accused of running a "Cryptocurrency mining operation" out of Cohasset High School. pic.twitter.com/cdBlMIxnnH — whalechart (@WhaleChart) February 24, 2023 A default warrant is a type if warrant issued by courts when a person fails to appear in court or comply with an order, and authorizes law enforcement officers to arrest the person. Nahas, who is said to have previously worked in the facilities department for the town of Cohasset, Massachu...