Without citing sources of information, edition Financial Times reported that the CEO of the crypto-lending platform Celsius Network, Alex Mashinsky, withdrew $10 million in the weeks before the freezing of client accounts.
According to the article, this happened at the height of a selling wave in May caused by collapse of the Terra ecosystem.
The next step will be for Celsius to share details of transactions with the CEO as part of a broader financial disclosure.
Celsius CEO plans to revive the company
At the moment, there is information from the company’s press secretary that the CEO “withdrew a certain amount, most of which was used to pay taxes.” It cost $8 million, according to one source. The remaining $2 million was related to a planned property management operation.
In turn, a representative of Mashinsky said that the head of the service and members of his family had $ 44 million in Celsius accounts after blocking operations.
In addition, the publication recalled the US legal norm, according to which the company’s payments for 90 days before its bankruptcy can be returned in favor of all creditors.
Earlier we wrote that Celsius may issue wrapped tokens to pay off debt.
