Law enforcement officers also arrested Celsius chief revenue officer Roni Cohen-Pavon, prosecutors told Bloomberg. The U.S. Securities and Exchange Commission, the Commodity Futures Trading Commission and the Federal Trade Commission also filed lawsuits against the bankrupt crypto lender, which settled the latter suit for US$4.7 billion following the return of customer assets in bankruptcy proceedings. (Bloomberg)

Talking point: Mashinsky joins Sam Bankman-Fried, co-founder of the now-infamous crypto trading platform FTX, in facing criminal charges in the Southern District of New York. Various U.S. agencies and regulators have intensified their crackdowns on the crypto sector in recent months. In June, the SEC sued crypto giant Binance and its Chinese-Canadian CEO Changpeng Zhao, accusing them of misusing customer funds, attempting to evade regulatory oversight and running an illegal crypto exchange. The Caisse de dépôt et placement du Québec wrote off the entire value of its US$150-million investment in Celsius last summer.