Ex-CEO of Bankrupt Crypto Lender Celsius Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

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A Mashinsky spokesperson, cited by the paper, stated 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 stated 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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