Celsius founder reportedly withdrew $10M before bankruptcy filing: FT

Cointelegraph

Published Oct 02, 2022 09:51PM ET

Updated Oct 04, 2022 12:00AM ET

Celsius Network founder and former CEO Alex Mashinsky allegedly withdrew $10 million from the crypto lending platform just weeks before the company froze customer funds and declared bankruptcy.

The withdrawal was cited by sources from the Financial Times who said Mashinsky withdrew the funds in “mid to late May” prior to the June 12 pause on all withdraws.

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