Alexander Mashinsky, founder and former CEO of Celsius Network (CRYPTO: CEL), has been arrested on charges of securities fraud, commodities fraud, and wire fraud. The charges allege that Mashinsky and the former chief revenue officer manipulated the market for Celsius's CEL crypto token, defrauding customers and misleading them about the company's success. This comes a year after Celsius Network, which managed approximately $25 billion in customer assets, filed for bankruptcy protection. The US has entered into a non-prosecution agreement with Celsius, which has accepted responsibility for its role in the fraudulent schemes.