Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Earlier than Firm Froze Buyer Accounts: Report

A Mashinsky spokesperson, cited by the paper, mentioned that the entrepreneur had disclosed to an unsecured collectors committee (UCC) within the chapter proceedings that he and his household had $44 million in crypto frozen with Celsius following the withdrawal. The spokesperson mentioned that Mashinsky “‘withdrew a proportion of cryptocurrency in his account, a lot of which was used to pay state and federal taxes,'” in accordance with the FT.

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