Yaron Shalem was connected to embattled crypto entrepreneur Moshe Hogeg.
Shutterstock cover by Billion Photos.
Celsius has announced that one of its employees is under investigation for activity unrelated to the company.
Though Celsius did not reveal the employee’s name, CFO Yaron Shalem is likely to be the person in question.
Shalem was involved with crypto entrepreneur Moshe Hogeg, who was arrested this month on fraud and assault charges.
Share this article
Celsius CFO Yaron Shalem has reportedly been arrested in Israel on charges related to activity outside the company.
Celsius Employee Is Under Investigation
On Thursday, Celsius tweeted that it was “recently made aware of a police investigation in Israel involving an employee.” It added that this event was unrelated to the employee’s work at Celsius and that none of its funds were affected. The firm also said that it had immediately suspended the employee.
Though Celsius did not name the employee, most believe the accused person was the company’s CFO, Yaron Shalem.
Celsius has repeatedly refused to confirm that Shalem was the employee in question. However, some have noted that the company has removed Shalem from its team page, arguably confirming the suspended employee’s identity by omission.
Shalem Was Connected With Moshe Hogeg
Shalem is likely one of eight people arrested and investigated in connection with Moshe Hogeg, who was arrested on charges of fraud, money laundering, and sexual assault last week.
Hogeg is best known as the founder of the crypto phone company Sirin Labs. He also operated a venture capital firm called Singulariteam, where Shalem served as CFO for several years. Celsius CEO Alex Mashinsky was previously involved with Sirin Labs as an advisor but does not seem to be under investigation.
Earlier this week, Celsius announced that it had expanded its latest funding round to $750 million. It also has plans to invest and diversify into mining alongside its main crypto lending service.
Disclosure: At the time of writing, the author of this piece owned less than $100 of BTC, ETH, and altcoins.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.