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Three top executives at crypto lender Celsius took out millions of dollars in crypto-related assets just before the company prevented customer withdrawals.
Former CEO Alex Mashinsky withdrew about $10 million in crypto holdings, then resigned from the company last month.
Crypto firm Celsius has some real dumb ideas in store for exiting bankruptcy that include IOU tokens for clients.
In the leaked audio, Celsius’ leadership says that employees’ funds will be subject to the same rules and timeline as customer assets.
A disruptive company with a charismatic leader has thrown a lot of wealth into uncertainty — and vividly demonstrates the end of the crypto party.