Crypto startup CEO Alex Masinsky resigns whilst the company is dealing with and going through bankruptcy.
“I regret that my continued role as CEO has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing,” he wrote in the letter. “Since the pause, I have worked tirelessly to help the Company and its advisors put forward a viable plan for the Company to return coins to creditors in the fairest and most efficient way.” Source CNBC
The entire crypto market has been chopped down like crazy since the entire market’s downtrend earlier this year, and many crypto startups have been caught directly in harm’s way, Celsius being no different.
The company CFO Chris Ferraro would serve as the “chief restructuring officer” said in the filing.