Celsius' Top Brass was redeemed millions of weeks before freezing the payment

Celsius' Top Brass was redeemed millions of weeks before freezing the payment

Celsius
  • The disclosure of Celsius in court follows the resignation of Mashinsky and Leon
  • Several other managers at around the same time did not make any significant withdrawals, as the transaction details showed

The highest ranking executives of the bankruptcy lender Celsius collected more than $ 40 million before the payments of the platform were frozen on June 12th.

an Financial affairs that were presented to the court on Wednesday. Celsius co-founder Alex Mashinsky, Dan Leon and Nuke Goldstein in the days before the lender's transfer stop.

The three managers made several withdrawals and internal account transmissions at the end of May, including cryptoassets such as Bitcoin, ether and the native CEL token of the platform, as documents showed with more than 14,000 pages.

Mashinsky's withdrawals amounted to $ 10 million, which corresponds to the Financial Times earlier. Goldstein withdrawn $ 13 million, in addition to CEL tokens worth $ 7.8 million, which were marked as "collateral". Leon's withdrawals amounted to $ 7 million in addition to CEL tokens worth $ 4 million.

The recent development of the Celsius bankruptcy proceedings follows the resignations of Mashinsky and Leon. Mashinsky said that he "very much" regretted the financial difficulties of the customers. In the meantime, Leon made no public explanation for his departure.

Other Celsius insiders, including Chief Compliance Officer Oren Blonstein, Global Head of Business Processes Adrian Alisie, former CFO Rod Bolger and General Counsel Ron Deutsch, did not carry out any significant withdrawal transactions.

Since the lender's bankruptcy, a group that represents the unsecured creditors of the company has been investigating the main actors who have held decision -making powers. After the publication of the long documents, the committee become ".

The lender is currently trying to auction its assets, with a final bid period being set on October 17th. Sam Bankman-Fried, CEO von FTX, who recently secured a takeover of $ 1.4 billion for Voyager, has reported an eye on Celsius' assets.

Celsius did not answer the request from Blockworks for comment until the editorial deadline.


participate das: london and learn how the greatest traditional and crypto institutions see the future of the institutional introduction of crypto. Register here.


The post "Celsius’ Top Brass Speechemed Millions Before Withdrawal Freeze "is not a financial advice.