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Celsius CEO Withdrew $10 Million Days Before Bankruptcy

Juan Pais, redactor en Criptokio.com By Juan Pais Oct 3, 2022 #Bankruptcy
Celsius (CEL)

✍️ 28 December, 2023 – 13:42 👤 Editor: Jakub Motyka

Alex Mashinsky, CEO and founder of the broken Celsius Network, has been accused of withdrawing 10 million dollars in cryptocurrencies a few days before after his crypto lending company went bankrupt. The accusation has been known after the resignation of Mashinsky as CEO of the company.

As disclosed by the Financial Times, Mashinsky would have executed the withdrawal of funds from Celsius Network between the middle and end of May 2022, while that the Celsius platform paused all cash withdrawals after a few weeks, specifically on June 12.

CEO Of Celsius Network Would Have Withdrawn 10 Million Dollars Days Before The Bankruptcy

According to this accusation, Alex Mashinsky would have used privileged information as CEO and founder of Celsius Network to carry out the withdrawal of 10 million dollars from their accounts just weeks before this cryptocurrency lending company began freezing any withdrawals from their platform.

Celsius Network is a cryptocurrency lending company that in the middle of this year, with the fall of the crypto market, had to officially declare bankruptcy due to the impossibility of respond to the debts that it had acquired with its clients and creditors.

Sources close to Mashinsky assure that this withdrawal of money was planned for a long time to, mainly, face the payment of taxes related to cryptocurrencies. In the event that it is proven that the withdrawal was intentional knowing the imminent bankruptcy of the company, Mashinsky must return the money to meet its return plan.

The Price Of Celsius (CEL) Today Falls 2.79%

The price of Celsius (CEL) today has fallen by 2.79% in the last 24 hours after the news was known, reaching a price of $1.34 at the time of writing this article. Its current value is far from its maximum reached during the last year, $5.94.

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E-mail: juan@criptokio.com

ES: Por mi trabajo de redactor siempre he escrito para otros temas pero la verdad es que a día de hoy lo que más me apasiona es el tema de las criptos. Tengo conocimientos tanto en criptomonedas y wallets como de airdrops y exchanges.

Poseo wallet en Coinbase y Trust Wallet, y cuentas en una variada cantidad de exchanges como Satoshi Tango, Binance, Crypto, Ripio, entre otras.

EN: EN: Because of my work as an editor I have always written for other topics but the truth is that today what I am most passionate about is the topic of cryptos. I have knowledge in both cryptocurrencies and wallets as well as airdrops and exchanges.

I have a wallet in Coinbase and Trust Wallet, and accounts in a variety of exchanges such as Satoshi Tango, Binance, Crypto, Ripio, among others.
Juan Pais

🎁 Nuestro partner te regala 15€ por invertir en criptomonedas:

ℹ️ Descargo de responsabilidad: El contenido educativo de este sitio web se ofrece de buena fe y solo con fines de información general. Criptokio prioriza proporcionar información de alta calidad, tomándose el tiempo para investigar y crear contenido informativo para los lectores. Si bien los socios pueden recompensar a la empresa con comisiones por las ubicaciones en los artículos, estas comisiones no influyen en el proceso de creación de contenido imparcial, honesto y útil. Cualquier acción tomada por el lector en base a esta información es estrictamente bajo su propio riesgo.

Juan Pais, redactor en Criptokio.com

By Juan Pais

E-mail: juan@criptokio.com ES: Por mi trabajo de redactor siempre he escrito para otros temas pero la verdad es que a día de hoy lo que más me apasiona es el tema de las criptos. Tengo conocimientos tanto en criptomonedas y wallets como de airdrops y exchanges. Poseo wallet en Coinbase y Trust Wallet, y cuentas en una variada cantidad de exchanges como Satoshi Tango, Binance, Crypto, Ripio, entre otras. EN: EN: Because of my work as an editor I have always written for other topics but the truth is that today what I am most passionate about is the topic of cryptos. I have knowledge in both cryptocurrencies and wallets as well as airdrops and exchanges. I have a wallet in Coinbase and Trust Wallet, and accounts in a variety of exchanges such as Satoshi Tango, Binance, Crypto, Ripio, among others.

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