It stopped withdrawals last June and then filed for bankruptcy in July. cryptocurrency lending platform CelsiusThe waters do not stop in .
New court records have emerged after the company’s CEO Alex Mashinsky and co-founder Daniel Leon resigned.
According to these records, Celsius’ three senior executives are valued at $56.12 million between May and June 2022. cryptocurrency pulled.
This timeframe coincides with just before the company suspends withdrawals and files for bankruptcy.
In this context, records show that Celsius’s former CEO Alex Mashinsky, former CSO Daniel Leon and CTO Nuke Goldstein are from the company’s custody accounts. Bitcoin (BTC), Ethereum (ETH), USDC (USDC) and CEL (CEL) allegedly withdrawn his token just before filing for bankruptcy.
“According to the records, Mashinsky, the CEO of the company, in May 2022, approximately $ 10 million from cryptocurrency,
Daniel Leon, approximately $7 million between May 27 and May 31, and an additional $4 million worth of CEL tokens called collateral,
Nuke Goldstein pulled in approximately $13 million plus an additional $7.8 million worth of CELs.”
What Happened?
Celsius filed for Chapter 11 bankruptcy in July, one month after freezing all customer withdrawals in June, citing market conditions.
Both CEO Alex Mashinsky and Daniel Leon have resigned over the past two weeks as the bankruptcy court continues to auction Celsius’ assets.
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In a published court document, the court instructed Celsius to regularly update the Unsecured Creditors Committee (UCC), which represents all customers to whom Celcius owes, on its financial position and cash management.