Crypto Celsius CFO Arrested in Israel

[Yugocean]

Israel's popular crypto lending platform Celsius has been embroiled in controversy following the arrest and suspension of its CFO Yaron Salem.

Celsius reported in a tweet on November 27 that the company had suspended an employee arrested in Tel Aviv, and took care of the safety of assets. But this has become a problem of Celsius.

Celsius' CFO Yaron Salem has been arrested over links with Moshe Hogg, the founder of his previous employer company Singularitum. Moses Hogg faces charges of fraud, money laundering and sexual assault.

Now users are asking Celsius

• How CFO is just an employee?
• Why was the suspension done only on the ground of arrest before being convicted?
• Also, whether the background check of the CFO was done before the appointment or not?

Although Celsius has also added in its defense that its principles and policies are of the highest standards of ethics and that they work in the best interest of their customers and employees. However, many people are questioning this.