Bankrupt Crypto Lender Celsius Founder, Alex Mashinsky, Withdrew $10M Weeks Before Company Froze Customer Accounts: Report

A Mashinsky spokesperson, cited by the paper, said that the entrepreneur had disclosed to an unsecured creditors committee (UCC) in the bankruptcy proceedings that he and his family had $44 million in crypto frozen with Celsius following the withdrawal. The spokesperson said that Mashinsky “‘withdrew a percentage of cryptocurrency in his account, much of which was used to pay state and federal taxes,'” according to the FT.