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Celsius’ founder reportedly withdrew $10 million before the crypto firm went bankrupt.
According to the Financial Times, Alex Mashinsky made the transaction in July — just one month before the beleaguered crypto lender froze transactions in June and two months before it filed for bankruptcy in July.
A spokesperson for Mashinsky claims the funds were used to “pay state and federal taxes,” and that he deposited “cryptocurrency in amounts that totalled what he withdrew” in the nine months leading up to the withdrawal. Mashinsky stepped down as CEO of Celsius last week.
Celsius Network founder withdrew $10mn ahead of bankruptcy
[Financial Times]
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