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SEC Files Securities Fraud Lawsuit Against Celsius Network and Former CEO Alex Mashinsky

Alex Mashinsky, the former CEO of bankrupt crypto lender Celsius, was reportedly arrested on July 13 following an investigation into the company's collapse. The news came shortly after the SEC filed a lawsuit against Celsius on the same day. This follows the SEC's recent lawsuits against crypto exchanges Binance and Coinbase. Celsius network has not yet responded to requests for comment. This is a developing story and more information will be added as it becomes available.

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