Celsius CFO Shalem’s arrest confirmed in Israel, adding to customer concerns

News reports have emerged that solidify arrest rumors surrounding Celsius Network CFO Yarom Shalem in Tel Aviv, allegedly in relation to investor fraud worth tens of millions of U.S. dollars. The arrest list reportedly included Israeli entrepreneur Moshe Hogeg, who has been sued multiple times for misappropriation of funds in previous ICOs. Chatter concerning Shalem’s arrest has buzzed on social media for the past couple of days, putting Celsius on edge at a crucial point in its history. The company in October raised US$400 million in a Series B funding…

Reports of Celsius Network CFO’s arrest could signal more trouble for Tether

Celsius Network, the “cryptocurrency bank” valued at US$3 billion, is again under scrutiny this week after rumors spread that its CFO Yaron Shalem had been arrested for fraud in Israel. The company has received funding and loans from Tether, issuer of the ubiquitous but troubled USDT “stablecoin.” Let’s try this again. Really easy question for Celsius Network CEO @Mashinsky: Was your CFO Yaron Shalem recently arrested in Israel over fraud allegations relating to the Moshe Hogeg case? cc @BrianSozzi, @dee_bosa, @ZekeFaux @matt_levine, @jimcramer — Nate Anderson (@ClarityToast) November 24, 2021…