“Since the hiatus, I have worked tirelessly to help the Company and its advisors come up with a workable plan for the Company to return the coins to creditors in the most fair and efficient manner. I am committed to helping the Company continue to develop and promote that plan, to help account holders be whole,” he added.
The announcement comes after the company filed for bankruptcy, as leveraged bets placed at the height of the crypto bull market began to wind down earlier this year, leaving clients private of 4.7 billion dollars.
It is worth remembering that the withdrawal of its clients was stopped in June 2022, citing volatile market conditions.
Two weeks ago, former CEO Mashinsky presented a plan to revitalize the bankrupt company by introducing a new cryptocurrency wallet and charging special fees for transactions. The plan was met with skepticism by employees.
For regulators, Celsius is a scam. The Vermont Department of Financial Regulation, on September 7, claimed that Mashinsky misled state regulators about the company’s financial health.
Source: Ambito
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