Former Celsius Network CEO Alex Mashinsky was taken into custody Thursday morning, according to a recent report from Bloomberg.

The report refers to a person who had knowledge of the situation and that the detention took place following the investigation into the company's collapse.

The person who chose to remain anonymous concealed his identity because the criminal case was not yet public.

Additionally, the SEC has reportedly filed a lawsuit against Celsius Network and Alex Mashinsky.

This news is evolving.