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At the beginning of the summer, when the so-called “crypto winter” began, during which “Bitcoin“and actually all of them cryptocurrencies started to lose value and investors moved their funds to safer assets, a number of companies linked to this sector have been through the crisis.
One of these was the “Celsius Network” trading and exchange platform, which in June, when the value of cryptocurrencies began to drop extremely rapidly, disrupted its clients’ ability to withdraw money from it. A month later, the company filed for bankruptcy.
The bankruptcy judge presiding over the case recently appointed an examiner to investigate allegations of wrongdoing by the company and its executives.
The company’s CEO at the time, Alex Mashinsky, co-founder Daniel Leon, and chief technology officer Nook Goldstein pulled more than $ 30 million worth of cryptocurrencies from the service in May. So, first of all, it can be seen that the managers felt that the problems were coming, but also the withdrawal of the large amount made the service’s ability to dispense money to customers worse.
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