Express
Crypto Lender Celcius Network CEO Resigns
Summary: According to a press release, the CEO of bankrupt crypto lender Celcius Network, Alex Mashinsky, has resigned. Chief Financial Officer Chris Ferraro has been appointed as chief restructuring officer, as well as interim CEO for the time being. "I elected to resign my post as CEO of Celcius Network today. Nevertheless, I will continue to ...
According to a press release, the CEO of bankrupt crypto lender Celcius Network, Alex Mashinsky, has resigned.
Chief Financial Officer Chris Ferraro has been appointed as chief restructuring officer, as well as interim CEO for the time being.
"I elected to resign my post as CEO of Celcius Network today. Nevertheless, I will continue to maintain my focus on working to help the community unite behind a plan that will provide the best outcome for all creditors – which is what I have been doing since the company filed for bankruptcy,” said Mashinsky.
The crypto lender, who froze withdrawals in June and filed for bankruptcy a month after, was one of the first crypto companies that fell due to the Terra collapse in May.
The Official Committee of Unsecured Creditors, a group of former Celcius customers, had asked for Mashinsky’s removal from the company.
They are also considering sueing Mashinsky for any personal damages he owes.
Author: Katie Lin
