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Celsius Network CEO Alex Mashinsky resigns from bankrupt crypto firm
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business-standard.comCelsius Network Ltd. Chief Executive Officer Alex Mashinsky stepped down from his position at the embattled crypto lender. The company said in a statement that it had appointed Chief Financial Officer Chris Ferraro to the role of chief restructuring officer and interim CEO.
The leadership change represents a major shift for the company, which filed for bankruptcy in July. The company was one of the most notable casualties in this year’s crypto market downturn, which also included crypto lender Voyager Digital Holdings Inc. and hedge fund Three Arrows Capital.
The price of the Celsius token fell 7% to $1.37 following the announcement, according to CoinMarketCap.
Read more on business-standard.comAbout this in other media
Decoding the significance of 17 October for the bankrupt Celsius Network ambcrypto.com /1 year ago
Celsius CEO Withdrew $10 Million Before Company Entered Bankruptcy cryptonews.com /1 year ago
Celsius: A look into the crypto lender’s ex-CEO may solve the bankruptcy puzzle ambcrypto.com /1 year ago
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