2 years ago
A wallet related to Celsius erstwhile CEO Alex Mashinsky reportedly sold 90,000 Celsius tokens (CEL) for $480,000, blockchain analytical steadfast Peckshield reported connected Feb. 14.
The sold tokens originated from wallet “0x4833,” which received the assets straight from Celsius Network Wallet 4 years ago.
The income look to person negatively impacted the CEL token — dropping by astir 4% successful the past 24 hours to $0.51774 arsenic of property time, according to CryptoSlate data.
The court-appointed autarkic examiner for Celsius said Mashinsky, and different apical executives of the bankrupt firm, had benefitted from the income of CEL tokens. The report said Mashinsky personally gained $68.7 cardinal from the token sales.
The study added that Celsius had utilized its lawsuit funds to prop its token and that the concern operated similar a Ponzi scheme.
Meanwhile, Alex Mashinsky has faced aggregate allegations of wrongdoing since resigning from his presumption astatine the steadfast connected Sept. 17, 2022.
Reports revealed that Mashinsky withdrew $10 cardinal from the steadfast a fewer weeks earlier it froze lawsuit funds and filed for bankruptcy. The erstwhile CEO was besides accused of defrauding investors and misleading customers.
The station Celsius erstwhile CEO wallet dumps $480k successful CEL token selloff appeared archetypal connected CryptoSlate.
English (US) 