Crypto lending platform Celsius Network is looking to hire former CFO Rod Bolger as an advisor to assist with bankruptcy proceedings.
Announcing its bankruptcy, Celsius Network is meeting with its former CFO to assist with its bankruptcy proceedings.
Bolger only served at the company for five months before resigning in June. Bolger succeeded Yaron Shalem, who had been arrested for alleged fraud.
According to the motion submitted to the US Bankruptcy Court for the Southern District of New York, Bolger gave an eight-week notice on June 30. As a result, he will continue as an employee in the company for one more month.
It was stated that Bolger would be paid $120,000 a month as a consultant.
Before Celsius, Bolger was CFO at RBC for 10 years. In addition, he worked for giant companies such as Bank of America and Citi.
Celsius filed for Chapter 11 bankruptcy protection on July 13. The platform also revealed that it has a $1.2 billion gap in its balance sheet.
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