Celsius Denies Reports That Company CEO Alex Mashinsky Tried to Leave the US

Reports emerged yesterday claiming that Alex Mashinsky – the CEO of the struggling cryptocurrency lender – attempted to leave the country but was stopped by local authorities. However, the Celsius team refuted these allegations, reaffirming that they continue to work around the clock to find a solution to the recent issues.

  • CryptoPotato reported the suspicious events going around the popular crypto lender, which decided to halt all services in the middle of the month, including withdrawals. However, this happened only after the company sent $320 million in crypto to the digital asset exchange – FTX.
  • Since then, the team has remained relatively quiet, with brief messages from Mashinsky – reassuring that everyone is working around the clock to find a solution – and pausing all Twitter engagements and AMAs.
  • Yet, reports have emerged claiming that the firm had to hire restructuring lawyers and that former investors refused to bail it out.
  • More recent allegations popped up yesterday suggesting that Mashinsky tried to leave the United States via Morristown Airport but was stopped by the local authorities.
  • The team behind Celsius has yet to issue an official statement on the matter. However, CryptoPotato contacted them, and they refuted the allegations, saying:
  • “Consistent with our previous messages, all Celsius employees – including our CEO – are focused and hard at work in an effort to stabilize liquidity and operations. To that end, any reports that the Celsius CEO has attempted to leave the US are false.”


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