Defi News- The company has been granted authorization to sell Bitcoin it has mined.
- Celsius Network was silent for weeks before filing for bankruptcy.
The CEO of the defunct crypto lender Цельсий тармагы, Alex Mashinsky, has resigned, as reported by a New York law firm in a news release published on Tuesday.
Mashinky мындай деген:
«Мен бүгүн Celsius Network компаниясынын башкы директору кызматынан кетүүнү чечтим. Ошого карабастан, мен бардык кредиторлор үчүн эң жакшы натыйжаны камсыз кыла турган пландын артында коомчулукка биригүүгө жардам берүү үчүн иштөөгө басым жасай берем - бул мен Компания банкроттук жөнүндө арыз бергенден бери жасап келе жаткан иш.
String of Bad Investments
In his resignation letter, Mashinsky expressed his remorse that he had become a “distraction” to the company’s operations.
It is speculated that a string of bad investments made by Mashinsky in early 2022 led to the demise of the крипто lender. When the cryptocurrency markets fell in mid-June, Celsius was one of the first large crypto lenders to halt withdrawals. The company was silent for weeks before filing for bankruptcy and disclosing a $1.2 billion loss.
Mashinky added:
“I am very sorry about the difficult financial circumstances members of our community are facing,”
On-chain data revealed that prior to the bankruptcy filing, Celsius hurriedly repaid money on its numerous DeFi loans to prevent the liquidation of approximately $440 million in collateralized Bitcoin. The company recouped all of the borrowed money by repaying the debt in full.
In order to fund its activities, the company has been granted authorization to sell терминалдарда it has mined. The company reported a loss for the month of July, but a court in New York ruled that the action would benefit shareholders in the long run.
Сизге сунушталат:
Celsius Network өзүнүн Stablecoin холдингдерин 23 миллион долларга сатуу өтүнүчүн берет
Source: https://thenewscrypto.com/celsius-network-ceo-alex-mashinky-resigns-amid-bankruptcy/