Bankruptcy court documents filed by lawyers of Celsius reveal that top executives at the crypto firm withdrew millions of cryptocurrencies before it declared the suspension of customer withdrawals.
The court filing alleges that Celsius' former CEO Alex Mashinsky, co-founder Daniel Leon and Chief Technology Officer Nuke Goldstein made a series of withdrawals totaling tens of millions of dollars.
Mashinsky withdrew $10 million in tokens between May and the bankruptcy filing in July. Mashinsky stepped down from his role in late September.
Leon withdrew $7 million worth of tokens. On Oct. 5, Leon stepped down from his role. Similarly, Goldstein withdrew $13 million.
The lawyers have raised concerns that some transactions made by the executives marked as "withdrawals" may represent transfers from one Celsius account type to another.
In June, Celsius suspended withdrawals, swaps, and transfers from its platforms, stating severe market conditions.
At the time, the crypto firm mentioned ...
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