Court records show: Three Celsius executives cashed out $56 million in cryptocurrency before bankruptcy

According to Chain Catcher news and a report by CoinDesk, before Celsius paused withdrawals and filed for bankruptcy, its three executives cashed out a total of $56.12 million in cryptocurrency between May 2022 and June 2022. Among them, former CEO Mashinsky cashed out approximately $10 million in May 2022. Former CSO Daniel Leon cashed out about $7 million between May 27 and May 31. CTO Goldstein cashed out approximately $13 million.

It is reported that Mashinsky and Leon announced their resignations from Celsius in the past two weeks. (source link)