Celsius Network’s CEO Steps Down
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Alex Mashinsky, CEO of crypto lending platform Celsius Network, has submitted his resignation, which is effective immediately.
According to him:
“I will remain focused on helping the community come together around a plan that delivers the best outcome for all lenders. I have been doing this since the company filed for bankruptcy.”
Celsius, which is one of the largest centralized landing services, offered retail clients the opportunity to generate passive income on crypto assets. Representatives of the company compared this product with high-risk interest-bearing bank accounts. Subsequently, the company had problems with regulators.
The crypto lending platform suspended in June withdrawals, exchanges, and transfers between accounts.
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