Three executives of crypto lending firm Celsius Network withdrew $56 million before suspending client transactions.
Celsius, waving the flag of bankruptcy due to the decline in the crypto money market, has been struggling with lawsuits for a long time. Accusations and legal processes render Celsius’ rescue plans useless. Following the recovery plans, two different senior executives from the company resigned. There are no clear statements about the cases yet, but new news is emerging.
Celsius Executives Withdraw $56M In Cryptocurrency
Three of Celsius’ top executives withdrew $56.12 million worth of crypto just before the company suspended withdrawals and filed for bankruptcy, according to new court records.
In a statement made by CFO, the names of former CEO Alex Mashinsky, former CSO Daniel Leon and CTO Nuke Goldstein were cited. It was announced recently that Alex Mashinsky, the founder of Celsius Network, pulled $10 million from the platform. With the new records, it was stated that Leon withdrew approximately $ 7 million in cryptocurrencies between May 27 and May 31, while Goldstein attracted approximately $ 13 million in crypto.
In the documents that emerged while the bankruptcy case was pending, it was also stated that the funds were withdrawn largely in Bitcoin (BTC), Ethereum (ETH), USDC (USDC) and CEL (CEL).
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