Demolition Continues on Celsius Network Front: After CEO, Co-Founder Announces His Resignation

Daniel Leon, co-founder of bankrupt cryptocurrency platform Celsius Network, announced that he is resigning days before the sale of Celsius assets by auction.

Things continue to deteriorate after the bankruptcy decision of the cryptocurrency company Celsius, which was announced in July. According to the news confirmed by Bloomberg, CEO Alex MashinskyAfter the resignation of the company, he is now the founding partner and Chief Strategy Officer of the company. Daniel Leon announced his resignation.

Celsius’s remaining assets will be auctioned off 17 October This resignation, which came a few weeks before the date, shows how serious things were and that the sinking ship was abandoned quickly.

Court documents reveal Celsius’ total It has debt of more than $6.7 billion and approximately the remaining assets of the company. $3.9 billion proved to be the same. The financial imbalance and the resulting $2.8 billion deficit How it will be completed remains unclear. In the same way, it remains unclear what kind of repayment the aggrieved investors will receive.

CEO of FTX with remaining assets of the company Sam Bankman-FriedIt is known that he is interested.

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