The company’s top executives withdrew $30 million worth of crypto before the company imploded
, Mashinsky submitted a resignation letter last month as the company is yet to repay its creditors roughly $5 billion. The controversial entrepreneur said that he would remain focused on uniting the community behind a recovery plan after leaving his post. Celsius caused turmoil within the cryptocurrency community by suddenly suspending withdrawals in early June. the company then ended up filing for Chapter 11 bankruptcy protection within the same month.
The company is currently dealing with a bunch of legal and financial troubles that have precipitated the exodus of its top executives.
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