Alex Mashinsky Transferred 82.200 CEL Before Leaving Celsius’s CEO Position

As reported by the former CEO of Celsius transferred 82.200 CEL, or about 120.000 USD, in the past 7 days. Yesterday, September 27, Alex Mashinsky resigned after the company’s creditors’ committee called for his removal.

According to a recent report by crypto security firm PeckShieldAlert, former Celsius manager Alex Mashinsky has transferred 82,200 CELs, or about $120,000, in the past 7 days.

It is not yet known what the purpose of the movements in the former Celsius executive’s wallet was. CNBC previously reported that accounts associated with Mashinsky appear to have sold or exchanged about $40 million in CEL over the past three years.

As was updated in an earlier Coincu News article, Alex Mashinsky, founder and CEO of failed crypto lending firm Celsius has resigned.

When the crypto market crashed earlier this year, Celsius halted customer withdrawals and filed for bankruptcy, making the vast difference in the company’s financial sheets public. The company has been struggling for months despite persistent legal actions to recover the debts.

Currently, FTX CEO Sam Bankman-Fried is reportedly intending to reclaim the troubled crypto company’s assets.

The price of CEL also fluctuates constantly. As soon as it was announced Alex Mashinsky’s resignation, the CEL token quickly plunged more than 10% to below $1.40 shortly after. However, CEL rebounded strongly to 15% when it got great motivation from FTX CEO Sam Bankman-Fried. CEL is trading at $1.5258.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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