Crypto: What is behind the resignation of the CEO of Celsius Network?

Celsius’ CEO presented his resignation letter to the company’s Board of Directors. His decision to quit raises questions as the company is going through tough times and trying to avoid bankruptcy. Recall that the Celsius platform is suspected of Ponzi fraud and data leaks.

At Celsius, a resignation, but not a farewell!

Yesterday, Alex Mashinsky submitted his letter of resignation effective immediately as CEO of Celsius Network Limited. In this letter, Mashinsky stressed that despite his resignation, he will continue to work “to help the community unite behind a plan that will provide better results for all creditors “. He added that this is the fight he has been fighting since Celsius Network Limited filed for bankruptcy.

Mashinsky clarified:we will all get more if the Celsians stay united and help the UCC with the best turnaround planpossible“. He counts continue to work with the Celsius company and his advisors forachieve a successful reorganization“. He stated that he regrets that his “continuing CEO role has become a growing distraction“. Within the community, the announcement was well received by many people.

That said, by resigning, Alex Mashinsky leaves his directorships and other positions in each of Celsius’s direct and indirect subsidiaries. However, he keeps his position as a director at Celsius Network Ltd. In addition, he will continue to serve on the company’s Board of Directors.

In his resignation letter, Alex Mashinsky says he worked hard to help the company and its advisers come up with a viable plan. It undertakes to continue to intervene to strengthen and promote this plan. The idea is for Celsius to succeed in returning funds to creditors fairly and efficiently.

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