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S. Daniel Leung, who co-founded Celsius with Alex Mashinski in 2017, has quit his job as chief strategy officer at a failed crypto lender, CNBC reported Oct. 4 with unnamed sources. reported, citing an internal memo seen byBloomberg after report Receiving confirmation of resignation from Leon’s company. Leon’s resignation comes a week after Mashinsky’s resignation and is clearly part of a growing trend.
Celsius filed for bankruptcy on July 13, a month after six U.S. states investigated and froze withdrawals. The company reportedly had $1.9 billion in debt at the time of declaring bankruptcy. Mashinsky resigned on his Sept. 27, saying in his statement: His financial dealings and handling of the company’s ultimate solvency were subject to intense scrutiny.
Leon filed with the US Bankruptcy Court on September 5 to declare 32,600 shares of the company’s common stock worthless. intention We will be accepting submissions until October 17th and will set up an auction on October 20th if necessary. His CEO of FTX, Sam Bankman-Fried, was reportedly one of his interested bidders.
RELATED: Celsius bankruptcy proceedings show complexity as hopes of recovery fade
Leon joins the constant stream of executives leaving the crypto sector as the crypto winter drags on. Some executives, such as former MicroStrategy CEO Michael Saylor, Kraken CEO Jesse Powell, FTX US president Brett Harrison, Genesis CEO Michael Moro, and managing director Matthew Ballensweig, are less visible. I was transferred to a non-advisor role. Others include Sam Trabucco, former co-CEO of Alameda Research, Penzon, his CEO of Ignite, bankruptcy Ashwin Prithipaul, Chief Financial Officer of Voyager Digital, has completely changed course.
All of these leaders have left their positions since July.
