вЂњThere are CFOs who do number-crunching, and there are CFOs who love creating businesses and, is doing the latter,вЂќ he said in a media statement. He further also stated that this move by Bolger is able to underline the potential in the crypto industry. Commenting about his move to the crypto sector, CEO Mashinsky praised the fact that he decided to jump into crypto, un context of bank excutives being paid handsomely. It is important to note here that, many talented and highly experienced people from the finance industry have been migrating to the crypto sector. He was seen saying in a media statement, вЂњI am thrilled for the opportunity to join such a fast-growing mission-based company such as Celsius, I feel fortunate to be able to bring my traditional finance and banking experience to help grow this visionary global company.вЂќДЄl so Read: Brazil Approves Bill To Regulate Bitcoin, Hits Milestone

One of the main responsibilities of Bolger is going to be to help with global expansion and also to protect the assets of the clients. Apart from the prestigious Royal Bank of Canada, he had also worked with other renowned institutes like Bank of America, Citigroup and PwC. Rod Bolger, the new CFO has more than 25 years of experience in the field of finance. He also emphasized, while talking to Blockworks, that ShalemвЂ™s frauds had no relation with the Celsius network whatsoever. CEO of the Celsius Network, Alex Mashinsky mentioned about Shalem being questioned by the authorities before joining the network. Now, an alumnus of the Royal Bank of Canada has been appointed to replace Shalem. Celsius is a cryptocurrency lender and had made it to the headlines after its CFO- Yaron Shalem was suspended in 2021, as he was arrested under the suspicion of money laundering.

Mashinsky arrested