Celsius co-founder resigns a few days after CEO resigns

Celsius co-founder resigns a few days after CEO resigns

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Answer Celsius co-founder resigns a few days after CEO resigns

Celsius’ latest announced co-founder stepping down, comes among a series of resignations from the company that is struggling to stay afloat.

Last week, Alex Mashinsky officially resigned from his position as CEO of the now-bankrupt crypto asset manager Celsius.

His resignation was immediately taken into consideration, although he remained a director of the company, stating that the move would allow him to focus on guiding the Celsius community out of the difficult situation they found themselves in. His statement read as follows:

I regret that my continuing role as CEO has become an increasing distraction, and I am so sorry for the difficult financial conditions that members of our community face…I am committed to helping the company continue to develop and promote plans, in order to help account holders recover.

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Celsius founders give it up:

After Mashinsky, founder and CEO, resigned, the company’s second founder, Daniel Lyon, who served as Celsius’ chief strategy officer, also resigned and announced his departure via an internal memo.

Agency resignation has been confirmed Bloomberg.

Last month, Leon already filed an application declaring his holdings of Celsius shares worthless as part of his case in US bankruptcy court.

According to the document, Leon owned 32,600 common shares at the time of the application.

At the moment, it is not known what this document could hold in the upcoming auction of Celsius assets which will begin on October 17th, with an auction deadline set for the 20th of the same month.

After Leon’s resignation, the news was confirmed by the company’s management and that his position would be filled by former global tax director Lior Koren.

For now, Mashinsky, who remains in a leadership position at Celsius, will have to deal with the fallout from having to administer Chapter 11 bankruptcy proceedings.

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