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Celsius Denies Rumors That CEO Mashinsky Is Leaving The US

Celsius Network on Monday denied reports of the CEO leaving the U.S., he has continued to work on recovering liquidity and operations, claiming that all related allegations are false.

CEO Alex Mashinsky is rumored to be running away from the U.S.

A spokesperson for Celsius has denied rumors that the company’s CEO tried to flee the U.S. last week amid the ongoing liquidity crisis of the Celsius Network:

“All Celsius employees — including our CEO — are focused and hard at work in an effort to stabilize liquidity and operations. To that end, any reports that the Celsius CEO has attempted to leave the U.S. are false.”

Mike Alfred, co-founder of the crypto analytics firm Digital Assets Data, rushed to Twitter on Sunday to report that Mashinsky attempted to flee the nation last week via Morristown Airport in New Jersey.

Citing an anonymous source, Alfred alleged that Celsius’s CEO was trying to go to Israel.

The crypto lender platform’s CEO Alex Mashinsky was reportedly stopped by authorities from leaving the U.S., amid insolvency rumors about his company.

Alfred’s tweet also added that Mahinsky current whereabouts are unclear. Details about whether he is under custody are yet to be revealed.

According to CoinMarketCap data, CEL has dropped to over 10% last 24 hours, trading at around $0.724 during the intraday.

CEL daily chart. Source: CoinMarketCap

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.