Alex Mashinsky, the previous CEO of Celsius Network, is scheduled to be released on bail after being arrested and charged with fraud on July 13. Mashinsky has agreed to a $40 million personal recognizance bond, which must be signed by his wife by July 14 and by another responsible individual, yet to be identified, before July 21.
The release is contingent on certain conditions. Mashinsky is required to surrender his travel documents and is restricted to staying within New York. Additionally, he is prohibited from opening any new financial, business, or personal bank accounts, lines of credit, or cryptocurrency accounts without approval from Pretrial Services.
The bond will be signed solely by his wife, and the identity of the co-signatory remains undisclosed. To secure the bond, Mashinsky has offered his New York City residence
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First found on: Former Celsius CEO Mashinsky to be released on $40m bail
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