Celsius CFO arrested on charges related to working for Moshe Hogeg

The company reported that the arrest had nothing to do with the job at CelsiusNetwork

27.11.2021 - 09:15

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What’s new? Yaron Shalem, the chief financial officer of cryptocurrency lending platform Celsius, has been detained in Tel Aviv on charges of collaborating with crypto tycoon Moshe Hogeg. The arrest relates to Shalem's previous job at Singulariteam, which was headed by Hogeg, who was detained last week, CoinDesk reports.

Information on the CoinDesk website

What does Celsius say? On its Twitter account, Celsius announced that it recently became aware of a police investigation in Israel against an employee.

We were recently made aware of a police investigation in Israel involving an employee. While this is in no way related to the employee’s time or work at @CelsiusNetwork, the employee was immediately suspended. We have also verified that no assets were misplaced or mishandled.— Celsius (@CelsiusNetwork) November 26, 2021

What events preceded it? Hogeg, an Israeli entrepreneur who founded the blockchain startup Sirin Labs and a host of other crypto projects, was arrested last week on charges of fraud, money laundering, and sex offenses. Seven others, including Hogeg, were arrested on charges of fraud related to cryptocurrency projects.

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