Former Celsius CEO Alex Mashinsky will be released on a $40 million bail agreement following his arrest on Thursday. Mashinsky was detained by the U.S. Department of Justice on claims that he defrauded investors and raised billions through illegal financial offerings. The DOJ indicted Mashinsky on seven counts of securities fraud, wire fraud, commodities fraud, and market manipulation of his company’s native token CEL. The former Celsius boss denied the allegations along with accusations from the SEC, CFTC, and New
