Ex-Celsius CEO’s Wife Sold $2M in Crypto Before Bankruptcy
According to the records, the wife of the former CEO of Celsius, Kristine Mashinsky, allegedly cashed out $2 million worth of cryptocurrency before the company declared bankruptcy.
Additionally, the wife of the previous CEO of Celsius would have pocketed money before the company filed for bankruptcy.
According to recent reports, the amount hit 2 million dollars in cryptocurrency.
It comes after reports that more CEOs pocketed monies for themselves.
The controversy that erupted following the announcement that the cryptocurrency lending platform Celsius had filed for bankruptcy continues. It is important to keep in mind that the initial announcement, which was the first piece of news, took place in July of this year. After that, many things were said; for example, a report from the Financial Times disclosed that Alex Mashinsky, the co-founder and former CEO of Celsius, would have withdrawn $10 million in May and that, together with his family, he had approximately $44 million in digital assets frozen on the platform after he retired. This was one example of many things that were said after the fact.
However, he was not the only one: yesterday, it was announced that, in addition to the former CEO Alex Mashinsky, the former COO Daniel Leon, and the CTO Nuke Goldstein, they had also withdrawn $56 million in funds before the company filed for bankruptcy.
The news outlets have now revealed that the former CEO’s wife also stole something from the “piata.”
USD 2 million
The middle Gizmodo uploaded the final judicial presentation of Celsius, which totaled more than 14,000 pages, to the Internet Archive so that those interested in learning more about bankruptcy may access the information. According to the paper, it appears that more than two million dollars worth of the token was withdrawn by Kristine, who is Mashinsky’s wife. Celsius on May 31, just a few days before the withdrawals were temporarily halted in June and the bankruptcy petition was filed in July. The spouse has not responded to these accusations, nor has he defended himself on Twitter or anywhere online, even though a large number of people are making critical remarks about him.
It is important to note that the Vermont Department of Financial Regulation has accused the cryptocurrency lender of hiding their financial problems from investors and participating in the “improper price manipulation” of your tokens to improve your balance. This is something that the lender has been accused of doing.
By the bankruptcy petition that was submitted to the United States Bankruptcy Court for the Southern District of New York, Celsius has, as reported by Feingold, scheduled the dates for the auction of its assets. To be more specific, the closing of the offer period for Celsius will take place on October 17 at 6:00 p.m., and an auction will take place the following week on October 20 at 10:00 a.m., if one is required. The hearing regarding the sale will take place on November 1 at 11:00 a.m. and will be broadcast live through Zoom.
Gizmodo, Finbold, File, and Archive are some of the sources.