News

Ex-CEO Celsius Alex Mashinsky Keeps Moving 20,000 CEL

Alex Mashinsky after allegedly withdrawing $10 million just weeks before freezing all customer accounts continues to have movements towards 20,000 CEL in his wallet.

As mentioned in an earlier Coincu News article, a former Celsius executive was recently accused of transferring $10 million a few weeks before the announcement to stop withdrawals for their clients. Some time later, the company declared Chapter 11 bankruptcy.

Allegedly, much of this money was used to pay back federal and state taxes accrued from Celsius property income.

Today, PeckShieldAlert further discovered that a wallet address labeled as Mashinsky transferred 20,000 CELs (equivalent to $27,000) to mitrovic.eth and this address transferred all of these CELs to FTX.

The crypto security company also previously discovered that Mashinsky repeatedly transferred 82,200 CEL, or about $120,000, to mitrovic.eth and Uniswap CEL within 7 days before he resigned in Celsius.

Recently, the news that the CEO of FTX, Sam Bankman-Fried, plans to buy Celsius assets, this part helped CEL’s price to have positive changes. According to CoinMarKetCap, CEL is currently trading at $1,337.

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.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

Victor

Recent Posts

Bybit Proof Of Reserve Shows Changes In BTC, ETH, And USDT

Bybit Proof of Reserve reveals BTC holdings at 50,412 (-8.55%), ETH at 525,641 (+8.11%), and…

28 minutes ago

Bitcoin Spot ETF Inflows Reach $449M With BlackRock Leading

Key Points: Bitcoin Spot ETF Inflows totaled $449M, led by BlackRock’s $1.45B contribution. Ethereum Spot…

1 hour ago

Best New Meme Coins to Join for 2025: BTFD Coin Leads, Popcat Keeps It Purr-fect, and Non-Playable Coin Hits Gamers Hard

Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…

3 hours ago

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

3 hours ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

3 hours ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

4 hours ago

This website uses cookies.