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

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Bankrupt crypto lender Celsius founder and former CEO Alex Mashinsky withdrew $10 million from the platform weeks before the company halted customer withdrawals, according to an FT report. JPRubin23 reports

In a statement at the time of the initial bankruptcy filing, Celsius said that"without a pause, the acceleration of withdrawals would have allowed certain customers – those who were first to act – to be paid in full while leaving others behind to wait for Celsius to harvest value from illiquid or longer-term asset deployment activities before they receive a recovery."

Mashinsky then called the decision"right...for our community and company," adding that in the history of Celsius,"we will see this as a defining moment, where acting with resolve and confidence served the community and strengthened the future of the company.”

 

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FT JPRubin23 Guys guys...for taxes

FT JPRubin23 That sounds very questionable.

FT JPRubin23

FT JPRubin23 What POS Mashinsky and KrissyMashinsky are. They are disgusting selfish horrible people who took advantage of a community with their lies - no surprise they took millions and left others holding the bag. Horrible people

FT JPRubin23 Shitcoiners ⚡️

FT JPRubin23 And kinterpol is running after Do Kwon

FT JPRubin23 Follow HyperNation8 HyperNFTpro for more!

FT JPRubin23 He needed gas money

alisoncook FT JPRubin23 CoinersTakingLs

FT JPRubin23 because of course he did.

alisoncook FT JPRubin23 That’s the whole point of pyramid schemes

FT JPRubin23 Wow CelsiusNetwork karma is a bitch!

FT JPRubin23 XD best project ever, not your keys, not your coins

FT JPRubin23 This isn't the first time he's rugged a project. Look deeper.

FT JPRubin23 Smell a lawsuit…

FT JPRubin23 Of course they did. Greedy souls. Sad for those who trusted and ultimately have suffered the consequences!

FT JPRubin23

FT JPRubin23 His ass (.) his ass in prison ( 0 )

FT JPRubin23

FT JPRubin23 put him in jail

FT JPRubin23 He needs to go to prison for all of this

FT JPRubin23 Course they did!

FT JPRubin23 🚀Thankss a millon

FT JPRubin23 Big surprise

FT JPRubin23 salary

FT JPRubin23 J A I L

FT JPRubin23 why is nobody talking abouut this trick

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