A Few Days After Celsius CEO Resigned, Joint Founder as Well Follows Suit

Share On Facebook
share on Linkedin
Print

The CEO of Celsius Alex Mashinky resigned from his post. However he is still the director of the company, the reason he gave was that the resignation was needed to help him commit more effort towards providing a way to rescue the company from its present financial state.

©

Also, another Celsius executive Daniel Leon (joint -Founder) and now Chief Strategy Officer has submited his resignation letter. His decision was made public through a memorandum that circulated internally. Additionally, his resignation was affirmed by an unnamed Celsius spokesman to Bloomberg.

In September, Daniel Leon had already filed a statement that announced his share of the company’s stocks as of no value, as part of his case in the United States Bankruptcy Court. Going by the information on paper he owns 32,600 common shares at the time when the statement was filed. Currently, no one knows the direction that this document will give to the coming auction of Celsius properties which will commence by the 17th of this month.

A Few Days After Celsius CEO Resigned, Joint Founder as Well Follows Suit

The Past Global Tax Director Steps In
After the resignation of Celcius’ top executives, the company affirmed that the vacant posts will be occupied by Lior Korean – the past Global Tax Director. And he will be working outside of Israel – his home country, in collaboration with Mashinsky, who has stayed in the leadership of the organization (Celsius). And, in the meantime, the two executives will have to deal with the fallout of having to apply the bankruptcy proceedings directed at filling the 1.2 billion gap in the company’s pocketbook.

Hopefully, the Celsius auction which is to happen this month will assist customers to recover their lost money. This Celsius episode may provide a precedent for other failed cryptocurrency properties management platforms.

Learn from market wizards: Books to take your trading to the next level

 

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20221207 00:58:33