Published 2 years ago

Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

Summary by Ground News

Celsius founder Alex Mashinsky withdrew $10 million worth of cryptocurrency weeks before freezing customers' assets as the lender headed for bankruptcy. Mashinsky's withdrawals came in May, when the crypto market was crashing after TerraUSD lost its $1 peg and collapsed. The company filed for bankruptcy less than a month later in July, citing a $1.2 billion gap in its balance sheet.

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Business Insider

Celsius founder Alex Mashinksy pulled out $10 million worth of cryptocurrency weeks before freezing withdrawals as the lender headed for bankruptcy, report says

Read the latest news across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone. | Business Insider Africa

2 years ago·United States

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MarketWatch

Celsius Network's former CEO reportedly withdrew $10 million before bankruptcy

Founder and former CEO Alex Mashinsky of embattled crypto lender Celsius Network reportedly withdrew $10 million before the company froze withdrawals in...

2 years ago·United States

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Cointelegraph

Celsius founder reportedly withdrew $10M before bankruptcy filing: FT

Alex Mashinsky, founder and ex-CEO of Celsius Network, may be forced to return the $10 million he withdrew from the crypto platform weeks before it froze funds.

2 years ago

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Jornal de Negócios

Former CEO of Celsius withdrew 10 million before bankruptcy to pay taxes

The revelations will intensify Mashinsky's scrutiny, raising questions about how long ago he knew that Celsius could not return its assets to customers.

2 years ago·Porto, Portugal

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Techmeme

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2 years ago

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Coin Desk

Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

Mashinsky resigned as CEO on Sept. 27; the company filed for chapter 11 bankruptcy protection in mid July.

2 years ago·Manila, Philippines

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Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

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Celsius founder Alex Mashinksy pulled out $10 million worth of cryptocurrency weeks before freezing withdrawals as the lender headed for bankruptcy, report says

Celsius founder Alex Mashinksy pulled out $10 million worth of cryptocurrency weeks before freezing withdrawals as the lender headed for bankruptcy, report says

Celsius Network's former CEO reportedly withdrew $10 million before bankruptcy

Celsius Network's former CEO reportedly withdrew $10 million before bankruptcy

Celsius founder reportedly withdrew $10M before bankruptcy filing: FT

Celsius founder reportedly withdrew $10M before bankruptcy filing: FT

Former CEO of Celsius withdrew 10 million before bankruptcy to pay taxes

Former CEO of Celsius withdrew 10 million before bankruptcy to pay taxes

Techmeme

Techmeme

Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

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