According to the published court documents, banking assets and other property of the former head of Celsius are frozen until the end of the investigation.

The decision to freeze the financial, movable and immovable assets of Alex Mashinsky was accepted
long before its official publication, according to sources close to history. At the request of the prosecutor’s office, the court’s decision was kept secret due to fears that bank accounts could be emptied and property hidden before being blocked by law enforcement.

U.S. Attorneys are charging the former Celsius Network CEO with defrauding investors, laundering illegal proceeds, embezzling $42 million, and other crimes that led to the bankruptcy of a company with more than $1 billion in debt.

For his part, the ex-CEO of Celsius pleads not guilty to the charges, which his lawyers have already declared unfounded.

In July, Alex Mashinsky was detained but then released pending investigation on $40 million bail. US Attorney’s officials said they would need six to eight weeks to collect the necessary evidence.