Coffeezilla calls out Celsius founder Alex Mashinsky for dumping CEL tokens

by Jeremy

Crypto rip-off detective Coffeezilla has referred to as out Celsius founder Alex Mashinsky for allegedly dumping over 10,000 CEL tokens, within the early hours of Oct. 11.

Alex Mashinsky has been on the receiving finish of accusations that his poor management and mismanagement contributed to pushing Celsius into chapter 11.

Coffeezilla shared a tweet alleging that Alex Mashinsky was dumping hundreds of CEL tokens throughout a number of wallets.

The deal with labeled Mashinsky Cashout Pockets which Coffeezilla claimed to belong to the Celsius founder moved about 10,000 CEL tokens on Oct. 11.

Mashinsky’s pockets recognized by main information analytics platform Nansen exhibits that on Oct. 11, about 10,000 CEL tokens had been swapped for roughly $9300 USDC. The pockets presently holds 170,000 CEL and about $23.863, including as much as $186,578.

Cashout by Celsius executives

Regardless of freezing withdrawals for Celsius clients since June, prime executives of the bankrupt crypto lender have reportedly been cashing out on the expense of shoppers’ funds.

Shortly earlier than Celsius filed for chapter, Alex Mashinsky withdrew about $10 million. Mashinsky nonetheless claimed he made the withdrawals to maintain tax bills. On Aug. 8, Mashinsky’s pockets on Nansen confirmed he withdrew a further $28,242.

Stories additionally emerged that former Celsius CSO Daniel Leon withdrew about $7 million and a further $4 million (in CEL tokens) again in Could.

Celsius collectors and KYC danger

A lot of the questionable withdrawals by Celsius executives had been revealed in a 14,000-page doc filed by Celsius as a part of the chapter course of.

Whereas the doc has helped unmask dangerous actors like Alex Mashinsky, the crypto neighborhood has blasted the group for exposing Creditor’s KYC particulars.

Many Celsius collectors have expressed worry about their security because the doc particulars their private information which may very well be hijacked by dangerous actors.



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