A pockets associated to Celsius former CEO Alex Mashinsky reportedly offered 90,000 Celsius tokens (CEL) for $480,000, blockchain analytical agency Peckshield reported on Feb. 14.
The offered tokens originated from pockets “0x4833,” which acquired the property immediately from Celsius Community Pockets 4 years in the past.
The gross sales seem to have negatively impacted the CEL token — dropping by roughly 4% within the final 24 hours to $0.51774 as of press time, in line with CryptoSlate knowledge.
The court-appointed impartial examiner for Celsius mentioned Mashinsky, and different high executives of the bankrupt agency, had benefitted from the gross sales of CEL tokens. The report mentioned Mashinsky personally gained $68.7 million from the token gross sales.
The report added that Celsius had used its buyer funds to prop its token and that the enterprise operated like a Ponzi scheme.
In the meantime, Alex Mashinsky has confronted a number of allegations of wrongdoing since resigning from his place on the agency on Sept. 17, 2022.
Experiences revealed that Mashinsky withdrew $10 million from the agency a couple of weeks earlier than it froze buyer funds and filed for chapter. The previous CEO was additionally accused of defrauding buyers and deceptive prospects.
