קאָ-גרינדער פון באַנגקראַפּט קריפּטאָ פירמע סעלסיוס דניאל לעאָן רעזיגנירט: באריכט

Co-founder of the troubled crypto lender Celsius Daniel Leon has stepped down from his role as chief strategy officer, לויט צו בלומבערג. 

Celsius, a איצט-דיפאַנגקט crypto lending firm, confirmed the information on Tuesday, saying that Leon was “no longer part of the organization.”

On September 27, co-founder and CEO Alex Mashinsky also ריסיינד, noting how he had become a “distraction” to the company and any additional work to recover what is left of the battered crypto lending platform.

A week after his resignation, it was uncovered that the former CEO had צוריקציעןn $10 million from the company’s account in May, weeks before the platform halted user withdrawals. A source דערציילט די פינאַנציעל Times that this came after having taken out that same amount during the nine months prior. 

לעאן אָונז 32,600 shares of Celsius stock, acquired in February 2018. It is still unclear what will happen to his dividends. 

דעקריפּט reached out to Celsius for comments but did receive a reply at the time of publication. 

דער אונטערגאַנג פון סעלסיוס 

What was once a leading crypto lender turned sour, leaving behind billions in debt and customers wondering if they’ll ever get their money back.  

In June, the platform כאָלטיד withdrawals, סטייטינג אַז עס איז געווען “taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets.”

Weeks later, Celsius פיילד for Chapter 11 bankruptcy, which revealed the $5 billion debt to investors and a $1.2 billion hole in the firm’s balance sheet. 

For regulators in Vermont, this came as no surprise. Officials said that Celsius had been ינסאַלוואַנט at least since 2019. The regulators said that hundreds of millions of dollars pushed into Celsius’ native token had ‘artificially’ inflated the firm’s token holdings, court documents לייענען.

With the firm entering the latter stages of bankruptcy, an auction will be held for its remaining assets. The final bid deadline is סלאַטעד for October 17, with the bankruptcy court’s filing indicating a long list of “expected” bidders.