{"id":53650,"date":"2021-11-27T10:41:23","date_gmt":"2021-11-27T08:41:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53650"},"modified":"2025-09-03T16:13:35","modified_gmt":"2025-09-03T13:13:35","slug":"celsius-network-cfo-among-those-detained-in-israel","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/celsius-network-cfo-among-those-detained-in-israel\/","title":{"rendered":"Celsius Network CFO among those detained in Israel"},"content":{"rendered":"<p>Yaron Shalem, the chief financial officer of the centralized cryptocurrency lending platform Celsius Network, was among those detained in Israel alongside Sirin Labs founder Moshe Hogeg, <a href=\"https:\/\/www.coindesk.com\/business\/2021\/11\/26\/celsius-cfo-arrested-on-charges-tied-to-former-job-at-moshe-hogegs-firm\/\">CoinDesk<\/a> reports.<\/p>\n<p>Celsius Network noted that it is aware of a police investigation in Israel involving an employee, but did not specify the employee&#8217;s name or position.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAlthough this has nothing to do with the time or the employee&#8217;s work at Celsius Network, he was immediately suspended. We have also confirmed that there are no grounds for misappropriation of funds,\u201d the statement said.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We were recently made aware of a police investigation in Israel involving an employee. While this is in no way related to the employee\u2019s time or work at <a href=\"https:\/\/twitter.com\/CelsiusNetwork?ref_src=twsrc%5Etfw\">@CelsiusNetwork<\/a>, the employee was immediately suspended. We have also verified that no assets were misplaced or mishandled.<\/p>\n<p>\u2014 Celsius (@CelsiusNetwork) <a href=\"https:\/\/twitter.com\/CelsiusNetwork\/status\/1464293813707489288?ref_src=twsrc%5Etfw\">November 26, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Shalem served as chief financial officer of Moshe Hogeg&#8217;s Singulariteam from 2014 to 2018, and joined Celsius Network in 2021. The founder and CEO of the platform, Alex Mashinsky, was listed as an advisor to Sirin Labs as early as 2019.<\/p>\n<p>Earlier, the Israeli police <a href=\"https:\/\/u1f987.com\/en\/news\/founder-of-sirin-labs-arrested-in-israel-on-suspicion-of-fraud\">arrested<\/a> Hogeg on suspicion of cryptocurrency fraud, money laundering, and sex-crime offenses. It was reported that seven other suspects were arrested at that time, most of whom were former or current partners of the entrepreneur and his associates.<\/p>\n<p>All eight are accused of misappropriating millions of shekels and conspiring to mislead investors in cryptocurrency projects. According to a police spokesperson, the suspects knew that these projects would never be realized.<\/p>\n<p>Among the charges against the entrepreneur are criminal conspiracy, fraud with aggravating circumstances, intentional concealment of income, document tampering, and drug-related offenses.<\/p>\n<p>In 2019, Hogeg was sued for misusing more than $4.6 million raised from investors during the Stox platform ICO. The publication notes that Shalem was already mentioned in the case.<\/p>\n<p>In 2021, investors in the entrepreneur&#8217;s ICO projects filed a lawsuit to <a href=\"https:\/\/u1f987.com\/en\/news\/media-three-of-israels-largest-icos-accused-of-fraud\">recover $16.1 million<\/a> from him.<\/p>\n<p>In September, Celsius Network faced accusations by regulators in <a href=\"https:\/\/u1f987.com\/en\/news\/alabama-regulator-joins-accusations-against-celsius-network\">Alabama<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/kentucky-regulator-accuses-celsius-network-of-securities-law-violations\">Kentucky<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/texas-and-new-jersey-regulators-accuse-celsius-network-of-selling-unregistered-securities\">Texas and New Jersey<\/a> that it sold unregistered securities.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yaron Shalem, the chief financial officer of the centralized cryptocurrency lending platform Celsius Network, was among those detained in Israel alongside Sirin Labs founder Moshe Hogeg.<\/p>\n","protected":false},"author":1,"featured_media":53651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1348,1154,734,2193],"class_list":["post-53650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-celsius-network","tag-crimes","tag-israel","tag-moshe-hogeg"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=53650"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53650\/revisions"}],"predecessor-version":[{"id":53652,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53650\/revisions\/53652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/53651"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}