Alex Mashinsky, CEO of Celsius Network, which went into bankruptcy, announced his resignation, the price of the CEL token began to fall.
Alex Mashinsky, CEO of Celsius Network, which was one of the largest lending platforms a few months ago and then went into bankruptcy, announced his resignation.
Until Mashinsky’s role is filled, Chris Ferraro, who currently serves as Celsius’ CFO, will serve as the company’s interim CEO.
The most influential developments that played a role in Celsius’s entry into the bankruptcy process were both the decline in the cryptocurrency market and the collapse in the Terra ecosystem. The company stopped withdrawals in June and filed for bankruptcy a month later.
The news of Mashinsky’s resignation was also reflected in the price of Celsius Network’s token CEL. According to CoinGecko data, the token has been in the last 24 hours. more than 6% lost value.