Celsius founder Alex Mashinsky’s bail set at $40 million

The ex-Celsius CEO was arrested on Thursday.
Celsius filed for bankruptcy in 2022, alongside other leading crypto lenders.
Mashinsky’s bail must be signed by two financially recognizable persons.Alex Mashinsky, the founder & former CEO of bankrupt crypto lender Celsius Network, has pleaded not guilty to fraud charges filed against him by the US Department of Justice.
Mashinsky was arrested on Thursday, with the DOJ charging him with securities fraud, wire fraud, and commodities fraud.