- A former Celsius employee posts an incriminating transaction history of the former CEO.
- The papers showed the former CEO moved over $18 million off the platform in 2020.
- Celsius’ lawyers, advisors, and experts require over $52 million for four months of work.
A supposed former employee of the bankrupt crypto lender Celsius has divulged an implicating copy of the transaction histories of Celsius’ former CEO, Alex Mashinsky, dating back to 2018.
Tiffany Fong, a verified Twitter user and citizen journalist, posted to the crypto community the document she received from the said Celsius employee. According to the papers, Celsius’ former CEO moved over $18.1 million in 2020 off the platform, of which $11.3 million was in CEL native token.
A part of the employee’s revelation read:
“Alex did not send a single withdrawal from his primary account until May 15, 2022 (peak FUD on Celsius). Then he withdrew $2.88 million of tokens, USDC, BTC, and ETH, leaving only CEL in his account. Even if he tried to say the withdrawals were for taxes, it conflicts with his years of telling customers not to sell crypto to pay taxes.”
In September, Mashinsky, who founded the defunct crypto lender, resigned from the position of chief executive officer with an apology to customers for the ‘difficult financial circumstances’ that happened under his watch.
Celsius filed for bankruptcy protection in July, saying it had a $1.2 billion hole in its balance sheet. Interestingly, according to recent findings, attorneys, advisors, and specialists of the bankrupt crypto lender are requesting over $52 million in compensation for four months of services.
Leading UK law firm, Kirkland & Ellis, billed Celsius close to $20 million for its services from July through October. On the other hand, White & Case LLP, representing Celsius’ creditors, asked for $10.2 million for its services within the same period.
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