The company recently attracted $750 million in funding from prominent investors, including a Canadian pension fund, and says it manages $26 billion in deposits - compared to $1 billion a year ago.

It operates as a kind of crypto bank that allows clients to deposit cryptocurrency and borrow either cryptocurrency or US dollars. The Times of Israel can reveal that a second senior Celsius Network employee, its chief revenue officer Roni Cohen-Pavon, in May established a side business with a convicted money launderer.Ĭelsius Network, founded in 2017, employs over 100 people in Israel. The company announced on November 26 that it had suspended the employee. The probe is subject to a gag order imposed by an Israeli judge and The Times of Israel is not permitted to reveal the name or identifying details of, or allegations against, the employee. Celsius Network, a leading US-based cryptocurrency lending platform with a $3 billion valuation, announced last month that one of its senior employees was the focus of an Israeli police probe.

Alex mashinsky house