Celsius Ex-CEO Withdrew $10 Million Weeks Before Withdrawal Pause: Report

Mashinsky's $10-million withdrawal comes into sharp focus as scrutiny of the financial conduct of Celsius' former top executive intensifies.

Mashinsky’s $10-million withdrawal comes into sharp focus as scrutiny of the financial conduct of Celsius’ former top executive intensifies.as the CEO of the embattled Defi platform on September 27, reportedly withdrew $10 million in May, just weeks before the company froze withdrawals on June 12.

The spokesperson added that Celsius’ founder, who is the largest shareholder and creditor, spent $8 million out of $10 million to pay taxes and still had $44 million of crypto assets frozen with the lending platform.

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