Home Scam/Fraud Reports of Celsius Network CFO’s arrest could signal more trouble for Tether

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

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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.”

At the time of writing, Shalem’s arrest has not been confirmed in news reports. However, a number of Twitter accounts posted the claims separately, one saying Celsius was “about to blow.”

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