The judge ruled that the former CEO of Celsius has a bail set at $40 million and is subject to travel restrictions

ChainCatcher news, former Celsius CEO Alex Mashinsky was arrested on Thursday on fraud charges, and a U.S. district judge set his bail at $40 million with travel restrictions.

Previous report, Alex Mashinsky pleaded not guilty on Thursday to fraud charges brought against him by multiple U.S. regulatory agencies, which allege that he misled customers and artificially inflated the value of the company's cryptocurrency. An indictment released earlier on Thursday shows that Mashinsky is facing seven counts, including securities fraud, commodities fraud, and telecommunications fraud. (Source link)