Data shows that former CEO Alex Mashinsky withdrew funds from the system while user accounts of bankrupt cryptocurrency lending platform Celsius were frozen.
Data shows Alex Mashinsky, who stepped down as Celsius CEO on September 27, withdrew nearly a million dollars from the system, mainly CEL and USDC, while withdrawals were suspended for users.
Claims Never End at Celsius
According to the data obtained, approximately one million dollars, CEL and USDC, were sent to UniSwap and Metamask from the wallets belonging to the former CEO of Celsius Alex Manshinsky.
Nansen analytics on-chain data shows a steady flow of CEL tokens to Mashinsky-owned wallets. Likewise, the exit of USDC token from the wallet is also noteworthy.
Alex Mashinsky is such a cartoonish villain. After getting called out for stealing money from his company on the brink of bankruptcy, he starts dumping hundreds of thousands of dollars of $CEL tokens across multiple wallets.
He's dumping I write this, last trade 3 min ago) pic.twitter.com/Ugg9Q7yDTZ— Coffeezilla (@coffeebreak_YT) October 11, 2022
Coffezilla, a Blockchain detective who exposed crypto scams on YouTube, claims to have spotted another Mashinsky-controlled wallet that showed roughly $225K movement in USDC last month. While Nansen has not confirmed the ownership of the wallet in question, on-chain data shows that it was funded by an approved Maskinsky wallet.
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