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Former Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, a source told CNBC, as the bankrupt crypto exchange agreed to pay a $4.7 billion settlement with government regulators.
Some of the world’s largest venture capital funds also wanted to be part of the easy and fast money the crypto industry promised, but are now paying the price for investing huge amounts in risky companies that engaged in scandalous leveraged trading
Former Celsius executive Aaron Iovine has joined JPMorgan Chase & Co as executive director of digital assets regulatory policy, according to his LinkedIn profile, days after the bank's Chief Executive Jamie Dimon blasted cryptocurrencies as fraud and decentralized ponzi schemes. Reuters reports:...