The CEO of bankrupt crypto lender Celsius seems to have taken advantage of a rebound in the company's CEL token and sold some. sndr_krisztian reports
The wallet labeled as Alex Mashinky’s made its first transactions since Celsius froze user withdrawals. Celsius and Alex Mashinsky did not respond to CoinDesk’s emailed request for comment.
Mashinky’s transfers came as he and his beleaguered enterprise gear up for a second hearing in a federal bankruptcy court in New York next week. At the same time, the Unsecured Creditors Committee formed to protect the interests of those who deposited money on the Celsius platform,Celsius faced financial difficulties and froze withdrawals in June, then filed for bankruptcy protection on July 13.
Mashinsky is reportedly among the largest individual CEL holders after Celsius’ treasury. Long before its financial woes, Celsius publicly listed the largest CEL owners on its web page. Mashinsky was found to hold more tokens than the next four holders combined, ArkhamArkham identified multiple wallets owned by Mashinsky, which had regularly sold large amounts of CEL tokens on various decentralized exchanges, totaling $44 million over several years, the report added.
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