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Finance

Crypto Lender Celsius Appoints CFO Following Predecessor's Arrest

Rod Bolger replaces Yaron Shalem, who was arrested in Tel Aviv in November in connection with Israeli crypto mogul Moshe Hogeg.

By Jamie Crawley
AccessTimeIconFeb 22, 2022 at 4:25 p.m. UTC
Updated May 11, 2023 at 7:12 p.m. UTC
(Shutterstock, modified by CoinDesk)
(Shutterstock, modified by CoinDesk)

Cryptocurrency lending platform Celsius appointed Rod Bolger, the former chief financial officer of RBC, Canada's largest bank, as its new CFO.

  • The appointment will bring Bolger's experience in M&A and initial public offering (IPO) transactions to Celsius, the firm announced Tuesday. He previously held positions at Bank of America and Citigroup.
  • CEO Alex Mashinsky has been bulking up his senior management team. Earlier this year Aslihan Denizkurdu was named as chief operating officer, and Tushar Nadkarni joined as chief growth and product officer in November.
  • Bolger replaces Yaron Shalem, who was arrested in Tel Aviv in November in connection with Israeli crypto mogul Moshe Hogeg. From January 2014 to March 2018 he worked as chief financial officer for Singulariteam, a venture capital firm launched by Hogeg.
  • Shalem was one of seven people arrested in connection with an investigation into Hogeg on grounds of "committing fraudulent offenses in the field of cryptocurrencies, amounting to hundreds of millions of shekels," according to an Israeli police statement at the time.
  • Celsius announced on its Twitter account that it had been made aware of a police investigation in Israel involving an employee, who had been suspended immediately. "While this is in no way related to the employee’s time or work at Celsius Network, the employee was immediately suspended," it said.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter
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