Celsius CFO Suspended After Reports of Arrest in Israel

Celsius CFO Suspended After Reports of Arrest in Israel

Yaron Shalem used to be linked to embattled crypto entrepreneur Moshe Hogeg.

Shutterstock duvet by Billion Photos.

Key Takeaways

  • Celsius has announced that one of its workers is under investigation for narrate unrelated to the firm.
  • Though Celsius did no longer show conceal the worker’s name, CFO Yaron Shalem is probably going to be the particular person in ask.
  • Shalem used to be intriguing with crypto entrepreneur Moshe Hogeg, who used to be arrested this month on fraud and assault charges.

Celsius CFO Yaron Shalem has reportedly been arrested in Israel on charges related to narrate open air the firm.

Celsius Worker Is Below Investigation

On Thursday, Celsius tweeted that it used to be “no longer too prolonged ago made attentive to a police investigation in Israel provocative an employee.” It added that this match used to be unrelated to the worker’s work at Celsius and that none of its funds had been affected. The firm furthermore said that it had at as soon as suspended the worker.

Though Celsius did no longer name the worker, most deem the accused particular person used to be the firm’s CFO, Yaron Shalem.

Celsius has assuredly refused to substantiate that Shalem used to be the worker in ask. On the opposite hand, some dangle famed that the firm has eliminated Shalem from its group web page, arguably confirming the suspended employee’s id by omission.

Shalem Turned into as soon as Linked With Moshe Hogeg

Shalem is probably going one of eight of us arrested and investigated in reference to Moshe Hogeg, who used to be arrested on charges of fraud, money laundering, and sexual assault final week.

Hogeg is greater is believed as the founder of the crypto mobile phone firm Sirin Labs. He furthermore operated a venture capital firm known as Singulariteam, the build Shalem served as CFO for several years. Celsius CEO Alex Mashinsky used to be previously intriguing with Sirin Labs as an consultant nonetheless does no longer seem like under investigation.

Earlier this week, Celsius announced that it had expanded its most up-to-date funding round to $750 million. It furthermore has plans to invest and diversify into mining alongside its predominant crypto lending carrier.

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